3+ hour, 15+ min ago (408+ words) A record "4.6 billion in property insurance claims was paid out in the first nine months of 2025, according to data from members of the Association of British Insurers (ABI). Claims payouts, helping households and businesses to recover, were "155 million higher for the year so far compared with the same period last year, the ABI said. If the trend continues, 2025 as a whole will be a record year for property insurance payouts. Looking at the nine-month figures, bad weather is having a significant impact on property insurance claims, accounting for around a fifth of the value " or "936 million " of claims affecting households and businesses. Property claims for damage caused by bad weather amounted to "143 million more than the same period in 2024. The ABI's figures go back to 2012. The ABI said the figures underscore the urgent need to embed climate resilience into new…...

2+ week, 3+ day ago (849+ words) Households attempting to cut their bills this winter are being warned that some attempts to save costs could end up invalidating their insurance. Switching the heating off entirely, failing to maintain a minimum indoor temperature, or neglecting to service a boiler could be steps that risk invalidating home insurance " and leave households facing costly repairs if something goes wrong, financial information business Defaqto said. Angela Pilley, a home insurance expert at Defaqto, said: "Persistently high winter fuel costs are forcing many people to make tough choices about their household budgets. But a short-term saving, like turning your heating off, can quickly become a costly mistake if pipes freeze then burst and cause serious water damage." Ms Pilley said that some insurers have tightened their terms around "escape of water" claims during the colder months, specifically requiring homeowners to keep their…...

2+ week, 3+ day ago (703+ words) Households attempting to cut their bills this winter are being warned that some attempts to save costs could end up invalidating their insurance. Switching the heating off entirely, failing to maintain a minimum indoor temperature, or neglecting to service a boiler could be steps that risk invalidating home insurance " and leave households facing costly repairs if something goes wrong, financial information business Defaqto said. Angela Pilley, a home insurance expert at Defaqto, said: "Persistently high winter fuel costs are forcing many people to make tough choices about their household budgets. But a short-term saving, like turning your heating off, can quickly become a costly mistake if pipes freeze then burst and cause serious water damage." Ms Pilley said that some insurers have tightened their terms around "escape of water" claims during the colder months, specifically requiring homeowners to keep their…...

3+ week, 5+ day ago (707+ words) Expected annual damages could rise by 27% by the 2050s Imagine waking up to find your living room underwater for the second time in five years. You try to claim insurance, only to be told your property is now uninsurable. Premiums have tripled. Your mortgage lender is concerned. And your biggest asset, your home, is rapidly losing value. This isn't just a personal disaster. It's a warning sign of a much broader crisis. The risks associated with climate change are breaking the insurance industry. In the past decade alone, flood frequency has increased fourfold in the tropics and 2.5 times in mid-latitude regions. In the UK, at least one in six people already live with flood risk, heavy-rainfall extremes are increasing, and expected annual damages could rise by 27% by the 2050s. Insurance claims from extreme weather are surging. The Association of British Insurers (the…...