Household rates will continue to rise says PwC
Accounting firm PwC has warned that the recent winter storms could push household premiums up this year.
The news follows a similar warning from Axa that warned household claims costs would increase this year.
Mohammad Khan, insurance partner at PwC, said: "While it is still too early to put a potential cost on the damage caused, it is likely the UK storms will exacerbate the recent rises in household premiums in the regions where the storm hit most severely.
“For other parts of the UK, we would expect household premiums to continue to rise at the current rate - about 3% on average."
He noted that
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