Fire costs soar
According to a new report, in the first half of 2009 insurers paid out £639m for fire damage
The cost of fire damage now stands at a record level according to research published today by the Association of British Insurers (ABI).
In the first half of 2009, insurers paid out £639m - £3.6m every day - for damage caused by fires.
This is the highest half yearly figure ever, and follows on from last year’s record high level of fire claim costs which stood at £1.3bn, a 16% rise on 2007.
Nick Starling, the ABI’s director of general insurance and health, said: “The challenging economic climate
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