Insurers footing the bill for harsh winter
Thursday, 11 March 2010 10:58AM
Insurers footing the bill for harsh winter
These include damage to homes, cars and businesses, which have arisen as a result of freezing conditions and heavy snowfall.
Car insurance claims amounted to £395 million, with many of them due to accidental damage from slippery roads.
Meanwhile, £255 million was paid out in business and home insurance claims.
Nick Starling, ABI Director of General Insurance and Health, commented: "Insurers will always respond quickly to the large number of claims that often result from bad weather."
Recently, the Motor Insurers' Bureau found that fronting fraud is becoming a growing problem in the UK, as people look to reduce car insurance costs.
Posted by Ruth Bradshaw
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