• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Insurance

Storm Dennis led Insurance Claims to amount £225m

The Global Economics by The Global Economics
February 21, 2020
in Insurance
Reading Time: 1 min read
0
Ecological disaster. House flooded by contaminated water from a copper mine. Rosia Montana, Romania

Ecological disaster. House flooded by contaminated water from a copper mine. Rosia Montana, Romania

56
SHARES
311
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Storm Dennis outbreak in the United Kingdom led to flooding and damage on the dates of 15 and 16 February. This terrible aftereffect has amounted to £225m in terms of insurance claims. This drove the insurance costs to £425m from two February storms. The drastic climate gave rise to heavy rainfall and intense winds to regions of England and Wales. This resulted in increased river levels and engulfed loads of valuables.

At PricewaterhouseCoopers (PwC), insurance analysts predicted the damage worth £175m to £225m done to residences, vehicles and businesses.

Mohammed Khan who also happens to be General Insurance Leader at PwC said, “There has been far more flood damage from Storm Dennis compared to Storm Ciara – which was mainly wind damage.” He further added a warning regarding massive rainfall and flooding. Kate Marks, an official at Environment Agency (EA) indicated that while Storm Dennis had departed, “we’ll be feeling the impacts for a few more days. There’s a lot more water in the river systems.” Storm Dennis covered regions of Britain, Wales and Northern Ireland. It led to numerous alerts and flood warnings in these areas on Sunday.

The water levels of rivers Wye and Severn will continue to be particularly high during the weekend as flood-hit regions in these provinces are receiving further downpour.

The storm is speculated to have inflicted the most disastrous winter flooding in contemporary times. The insurance claim amounts can further witness an upswing due to the bad weather conditions.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

UAE Introduces New VAT Exemptions for Group Health Insurance and Crypto Investments
Non Banking

UAE Introduces New VAT Exemptions for Group Health Insurance and Crypto Investments

by The Global Economics
October 7, 2024
Lemon Law – Malaysian Vehicle Customers Rejoice as Lemon Law About To Become a Reality
Insurance

Lemon Law – Malaysian Vehicle Customers Rejoice as Lemon Law About To Become a Reality

by The Global Economics
March 11, 2024
The New Revolution in Insurance Fraud Mitigation
Insurance

The New Revolution in Insurance Fraud Mitigation

by The Global Economics
March 20, 2023
Beema Insurance - Fastest Growing InsurTech Company
Exclusive Coverage

Beema Insurance – Fastest Growing InsurTech Company 2021

by The Global Economics
April 7, 2022
KTAXA - Winners of ‘Best Brand in Insurance’ & ‘Best Green Initiative’
Exclusive Coverage

KTAXA 🏆 – Winners of ‘Best Brand in Insurance’ & ‘Best Green Initiative’

by The Global Economics
August 15, 2021
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Australia's Biggest LNG Plant Receives Backlash to Operate until 2070

Australia’s Biggest LNG Plant Receives Backlash to Operate until 2070

May 28, 2025
China’s Industrial Profits Increase Due To Stimulus Package, But Trade Risks Remain Constant

China’s Industrial Profits Increase Due To Stimulus Package, But Trade Risks Remain Constant

May 27, 2025
Vietjet Orders 20 New Jets From Airbus

VietJet Orders 20 New Jets From Airbus

May 26, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version