Insurers paid out a record £585 million (U.S. $724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers.
The record claims come following significant and consistent bad weather, including 12 named storms in the 2023/2024 storm season – the most named storms since 2015/2016, the ABI said, quoting Met Office statistics.
Claims for damage to homes from windstorms, flooding and frozen pipes in 2024 surpassed the previous 2022 record for the same claim types by £77 million ($95.4