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BBC NEWS | Business | UK storm payout 'may hit £350m'

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Last Updated: Tuesday, 20 February 2007, 16:57 GMT
UK storm payout 'may hit £350m'
Storm damage in London
The storms caused widespread damage across the UK
Insurers could face a £350m bill for the damage caused by storms that swept across the UK in January, experts say.

Winter storm Kyrill battered Europe on 18 January and led to 13 UK deaths.

Despite the devastation it caused, the Association of British Insurers (ABI) said the event would be only the eighth most expensive UK weather incident.

High winds that hit the country in the first few weeks of 1990 - costing insurers £3.37bn - remain the most expensive for insurers.

The "great storm" of 1987, which cost the industry £2bn, was the second most expensive.

Last month, Swiss Re estimated that the cost of the damage winter storm Kyrill caused across Europe could be as high as £2.3bn ($4.5bn; 3.5bn euros).

The two-day storm caused widespread damage, flooding and power disruptions as far away as the Ukraine, leading to 47 deaths across the continent.


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