content@managingwater.co.uk Industry News & Views Editorial Contributors
Alex Stephenson Hydro-International
Andy Hirst EDS Ltd
Chris Kaye Oriel Systems
Jenny Mant River Restoration Centre
John Alexander Aquobex
Lucy Ogden Bedford Pumps
Richard Edwards Salix River & Wetland Services
Roger Wood Caro
Ruth Snelson
Lincolnshire Chalk Streams Project
Sharon Lindsay Hydro-International
Tim Longstaff The Wandle Trust
Victoria West
River Restoration Centre Zebrina Hanly
Aquatic Control Engineering £1.19bn on flood and storm damage in 2012
Figures released in February by the ABI state that £1.19bn was the cost, to insurers, for flood and storm damage in 2012, helping over 1,300 customers per day.
During 2012, the wettest recorded year in England and Wales and second wettest in the UK, insurers handled 486,000 claims for flood and storm damage from homeowners, businesses and motorists – 1,330 each day. The cost of these claims is £1.19 billion, the highest annual figure since the £3 billion paid in 2007.
The average claim payout for flood damaged properties (domestic and commercial) was £18,200 and, in respect of storm damage, £1,300.
Of the overall figure, insurers:
• Dealt with 411,000 claims for flood and storm damaged homes, paying out £690 million to repair damage and replace ruined possessions.
• Handled 47,000 business property claims following flood and storm damage, paying out £373 million. In addition, insurers paid out £40 million in business interruption payments to help firms continue trading while their premises were being repaired.
• Dealt with 27,000 claims for flood and storm damaged vehicles, paying out £84 million to motor insurance customers.
ICE welcome flood defence schemes, but more action is needed
Commenting on Defra's announcement that 93 regional flood defence schemes have been given the green light for construction, ICE Flooding Expert, David Balmforth, said:
“It is encouraging to see that the flood defence schemes to benefit from the additional funding allocated in the autumn have been defined. However we are still concerned that this increase in funding does not return us to the levels of investment in place prior to the 2010 cuts. As climate change increases the frequency and severity of floods, more investment will be needed just to maintain current levels of protection.
“Many communities remain exposed to flood risk and support must be available to them to help them build resilience. This includes understanding which communities face a high risk of flooding and communicating this more effectively, building the physical resilience of communities by making property and infrastructure more resistant, and where new development is proposed for flood risk areas ensuring flood resilience is at the heart of the design – not an afterthought.”
“2012 may have been a record- breaking wet one, but it was business as usual for insurers, who helped thousands of customers recover from the trauma of flooding. Insurers expect bad weather to strike anytime, anywhere and last year highlighted the vital role insurance plays in helping communities recover from our increasingly volatile weather.”
“Flooding is greatest natural threat facing the UK and the risk is rising so political consensus and commitment on investment in flood defences, sensible planning decisions and working with the insurance industry is essential”.
Nick Starling,
ABI’s Director of General Insurance
6
www.fadsdirectory.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48