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A barrage of storms left UK home insurers facing claims for £226mn of weather-related damage in the first quarter of this year, a record high since the data began to be tracked in 2017.
Property insurance claims have now topped £100mn for seven quarters in a row, data from the Association of British Insurers showed on Wednesday, £67mn higher than the previous quarterly record set in 2022.
Louise Clark, a policy adviser at the ABI, said that ahead of the government’s spending review next month, the record damages highlight the need for the UK to invest in flood defences.
The price of home insurance rose 7 per cent year on year in the first quarter to £393.
