More flooding expected as further rain forecast
Flooding and wind damage in the fourth quarter will cost UK insurers £400m, according to accounting firm PwC, and the bill is rising.
Speaking to the Telegraph, PwC insurance partner Mohammad Khan said: “In the short term we’ve had so much rain over the past three or four months that any further rain, even lighter showers, will cause more flash flooding as the water has nowhere to go.”
PwC’s estimate includes the damage from storms St Jude and Xaver, which hit late last year, the Telegraph reported.
Khan’s comments come amid forecasts of more rain, bringing with it the threat of further flooding.
The BBC reports that a Met Office yellow warning for rain has been issued for the south-west of England and southern Wales.
The warning comes into effect at 12 noon today and lasts until 09.00 tomorrow.
There are currently more than 100 flood warnings in England, Scotland and Wales.
The Environment Agency says there is a continued risk of flooding in Dorset, south Wiltshire, parts of the Somerset Levels and areas close to the River Thames, the BBC reported.