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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.

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Insurers: 'Far too early to say' if premiums will rise

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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