Winter weather insurance claims hit £650m

Insurers paid out £650m from 335,000 claims made as a result of damage caused by the wintry weather in the UK, figures show.

The biggest chunk of the payout was to motorists who damaged vehicles on the slippery roads, the Association of British Insurers (ABI) said. January was the eighth coldest on record and the UK's worst since 1987.

The bad weather hit businesses and consumers with sectors including retail and the housing market suffering. The ABI said that the winter weather cost insurers £650m for claims made in the UK from 18 December to 13 January.

Specifically, £395m has been paid out to motorists. Many of the 268,400 motor insurance claims were for accidental damage caused to vehicles.

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source: BBC