Bad Weather

General

1. How much have the floods cost?
   
   Since 1990 there have been eight years where floods and related storm damage costs have exceeded £0.5bn. In Autumn 2002 the insured losses were more than £1bn.
   
   
2. What is the ABI doing?
   
   They have been working hard on research on flooding in recent years and talking to the Government and the Environment Agency about how the research can best be used. They will be talking to the Government about what can be done in the short and longer-term to improve the flood defence system and to make sure flooding is considered when deciding where new houses can be built.

This document is reproduced with the permission of ABI - The Association of British Insurers.