The Association of British Insurers (ABI) has put the bill for Gloucestershire's floods at £1.5bn, and said that the Government promise to increase spending on floods by £230m by 2010 was not enough.
More than 200 roads were affected by the July floods, as well as thousands of homes. The total costs may well be more than £1.5bn, as some people have only just got back into their homes and are just beginning to assess the full damage.
'Let's be clear about this,' said ABI spokesman Malcolm Tarling in a statement. 'There's no automatic assumption that premiums will rise, some companies may increase their premiums, some will absorb the cost.'
-
Dawn Chorus: A Blue Plaque for Marc Bolan, holidaying in the Caribbean with Francis Ford Coppola and a history of the National Gallery in 25 picturesPlus the best of the property pages, and how the railways will save the countryside.
-
Game, set, match: 12 of the world’s most beautiful tennis courtsFrom Italy to Indonesia, when it comes to hotel amenities, a picturesque tennis court will always trump a 24-hour gym. So, before you book your next holiday, take a look at our pick of the 12 best.
