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Southern England saw a spike in house subsidence claims due to the heat wave

Southern England Saw a Spike in House Subsidence Claims Due to the Heat Wave

Numerous properties are predicted to develop cracks as a result of the prolonged hot and dry weather. After the recent hot weather caused cracks to form in houses throughout London and the south-east, in particular, insurance firms are seeing an increase in subsidence claims, which is in contrast to 2018, when more than 20,000 properties …

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Axa UK and Ireland reports 3% rise in gross revenue for 2021

Axa has revealed a combined operating ratio of 95.6% for property and casualty business in the UK and Ireland in 2021, an improvement on the 96.2% posted in 2020. The insurer reported total P&C revenue for the region of €3.53bn (£2.95bn) an uplift on the €3.46bn delivered the year before. The revenue breakdown showed a …

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