Insurers face bumper payouts as Britain braces for more floods
By Noor Zainab Hussain and Simon Jessop LONDON (Reuters) - Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to 1.5 billion pounds after towns, cities and countryside were deluged in recent days in the worst floods in Britain since 2007. "With more storms on the way it could get towards as large as anything that we've had in recen
Read more »