Stat of the day: £1.4bn

The bill that hit insurers as more people filed claims during the freezing weather in December.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
The cost of damage caused by December’s wintry weather is still being counted across the country, and now insurers have become the latest to get in on the act of cold-weather tales of woe. The big freeze apparently saw insurers pay out £1.4bn across Britain – more than double the amount paid out during the same period last year. Yikes – that’s enough to send a shiver down your spine.

Those pesky burst pipes caused the most problems and were responsible for £680m of claims – up by more than a third from the previous winter. Broken-down vehicles also did their bit by helping cause £530m of damage to insurers’ coffers, according to the Association of British Insurers (ABI.)

So far, the cold weather has carried the can for increasing the number of potholes on UK roads, a fall in petrol sales, a rise in water leaks, and causing shoppers to spend less money on the high street – without forgetting, of course, the part it played in shrinking the economy by 0.5%. Gives a whole new meaning to ‘bad weather’.

 

Find this article useful?

Get more great articles like this in your inbox every lunchtime