General Insurance Article - NFU Mutual reveal Storm Arwen led to claims of over GBP80m


Rural insurer NFU Mutual can reveal that it has now received more than £80 million worth of claims from customers who suffered damage following Storm Arwen, giving an insight into the destruction caused by last year’s storm.

 The storm, which primarily hit Scotland, Northern Ireland and North-East England in November last year, was the most severe storm of 2021. Winds of over 70mph were felt throughout the north of the United Kingdom and gusts of almost 100mph were recorded in Northumberland, bringing down trees, damaging buildings, and resulting in widespread travel disruption.

 The dangerous winds were compounded by freezing temperatures, snow, and localised flooding, which caused further damage and danger and made travel treacherous or impossible.

 In the months after the devastating storm, NFU Mutual, which insures three quarters of the UK’s farms and thousands of rural homes and businesses, has been supporting around 8,000 customers who suffered loss at the hands of Storm Arwen.

 Jon Bird, Property Claims Manager at NFU Mutual, explained the impact of Storm Arwen on the insurer’s customers: “The unique nature of Storm Arwen and its concentration in exposed, rural areas meant that the countryside suffered significant damage.

 “As the UK’s leading rural insurer with a network of over 295 local Agency offices in communities across the country, we saw that this was the worst weather event to hit last year.

 “Our teams responded to hundreds of calls in the first few hours and have since supported around 8,000 customers with claims ranging from business losses, ruined farming equipment and damage to property caused by dangerous winds – including some cases where entire roofs were ripped from buildings.

 “Thankfully, advanced warning meant we were able to activate our emergency response, getting loss adjusters to customers with structural damage to their properties, alternative accommodation to those who needed it, and emergency payments wherever possible.

 “Some repairs are still ongoing, and the total cost of the damage seen by NFU Mutual has exceeded £80 million, which goes to show the devastation such severe weather can cause.”

 While NFU Mutual is progressing claims for over £80 million in damage, estimates from last year suggest that the total cost of Storm Arwen across all insurers could be as high as £300 million.
  

Back to Index


Similar News to this Story

Sleighing the risks by giving Santa the insurance he needs
While you might be the most magical employer in the world, we know that even you aren’t immune to the risks of running a global delivery service! From
Diversity improving in insurance and long term savings
Key figures from the Association of British Insurers’ latest Diversity, Equity and Inclusion (DEI) data collection highlight the work of insurers and
Almost a third of homeowners have been victims of burglaries
Research commissioned by Co-op Insurance reveals that almost one in three (29%) homeowners have been the victims of theft from their home. The member-

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.