UK insurers paid out record £585m last year as climate breakdown intensifies Insurers blame ‘significant and consistent bad weather’ after year of 12 named storms.
The data, from the Association of British Insurers (ABI), revealed that claims for damage to homes from windstorms, flooding and frozen pipes in 2024 surpassed the previous record in 2022, for the same types of claim, by £77m.
Insurers paid out a record £585m for weather-related damage to homes and possessions in Britain last year, after record-breaking rain and storms hit the country.
Mark Shepherd, head of general insurance policy at the ABI, said: “Our latest data serves as a blunt reminder of the devastating damage that adverse weather can cause to people’s homes and businesses.
That’s why we continue to advocate for climate resilience measures to be carefully considered in all planning decisions and building standards, to ensure properties are fit for the future and that they are not built in areas prone to climate risk.
