It is "far too early to say" if and by how much insurance premiums will go up after thousands homes and businesses were damaged by the south coast floods, according to the Association of British Insurers.
Malcolm Tarling told Daybreak that insurers would "do the maths" after flood victims had been allowed to safely move back into their homes.
More top news
Detectives investigating the murder of a young woman who was found dead at an address in south west London have charged two men.
In the run-up to the 8 June General Election, the Labour leader said he wanted to find a way of "reducing that debt burden".
Best of the clear, dry weather across the west overnight.