Risk Alert - Storms

Risk Alert - Storms

ABI urges business to plan now for prospect of future storm damage Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No.4043759. Registered Address: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent, ME14 3EN. Towergate Underwriting Group Limited are authorised and regulated by the Financial Conduct Authority. Following severe damage as a result of storms Brian and Ophelia hitting the UK, the Association of British Insurers (ABI) has urged businesses to plan accordingly for future storms. “Severe storms threaten lives and result in claims costing billions of pounds,” said Matt Cullen, head of strategy at the ABI. “The likelihood of these claims increasing in the future is something the insurance industry, and society, need to start preparing for now,” he added. “Planners and builders should be aware of the need for more wind-resistant construction in specific areas of the country if claims are to be kept to a minimum.”

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