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RPT-UK flood claims may cost 1 bln stg - insurer group
29 Jun 2007 12:57:31 GMT
Source: Reuters
(Repeats to additional subscribers)

LONDON, June 29 (Reuters) - The Association of British Insurers, the UK industry's trade group, said on Friday it expected the cost of claims from the UK floods to reach 1 billion pounds ($2 billion).

It said this figure could rise if more properties are affected by further flooding.
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Residents stand near their house which was destroyed by floods in southwest China's Chongqing municipality July 19, 2007. Heavy rain is forecast to pound wide swathes of China, already reeling from flash floods and mudflows that have killed scores of people in recent days. Picture taken July 19, 2007.



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