Insurers to pay out more than £1bn for bad weather

File photo dated 11/02/14 of a resident pumping out water from his house in Wraysbury, Berkshire. Credit: PA

An estimated £1.1 billion will be paid in insurance claims to people whose homes, businesses and vehicles were damaged in floods and storms this winter, according to figures released today by the British insurance industry.

Read: The rising tide of insurance costs after the UK floods

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Insurers say floods and storms payouts to top £1 billion

Insurers say they expect to pay out more than £1 billion to people whose homes, businesses and vehicles were damaged in the recent floods and storms.