03 Jan 2020
Weather-related damage to property is becoming more regular. Flood and coastal erosion risks are increasing, and will continue to do so, as a result of population growth and climate change. In addition to flooding, UK insurers are likely to see an increase in other weather-related property damage claims such as subsidence arising from periods of hot weather, and burst pipes arising from extreme cold. We examine the trends and the factors for insurers to consider when considering subrogated claims following settlement of property damage claims.