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.
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The Oscars was plunged into chaos as La La land was mistakenly announced as the best picture, the actual winner was Moonlight.
The tourists had no idea they were about to be dropped off at the star-studded ceremony to meet A-listers.
It comes just weeks after actor Michael Keaton confused the names of films Hidden Figures and Fences at the Golden Globes.