?Zurich Financial Services Group revealed this week that it expected aggregate claims payments of up to $260m (£128m) in relation to the July floods.
The news brings the insurance giant’s total aggregate claims from the summer floods to $660m (£325m).
Last month it predicted that claims from the June floods would amount to $400m.
But Zurich’s flood losses are not the highest faced by an insurer. Norwich Union said the floods in June and July would cost it £340m.
The ABI has said the total cost to insurers of the summer floods would be £3bn, although some in the industry have put the figure higher.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
