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$3B Insured Loss Seen For U.K. Floods

A combination of factors such as higher average claims and proportion of damage which is insured, together with business interruption caused by loss of power and running water, will make this round mo

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Risk Management Solutions modeling firm said it estimates the United Kingdom’s floods in late June cost over $1.5 billion in insured losses, and that the current flooding will be at least as costly.

More than a million people have been affected this month by the worst flooding in the U.K. in 60 years.

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