[15/02/2011] December freeze costs more than £1 billion
Even though we have seen our fair share of wicked weather in the past decade and most of us are too quick to blame the climate change on the pollution and our own actions, we rarely take the time to think of the monetary side of these climate calamities. The December freeze, which closed most of the large airports and caused havoc on the main roads, is about to cost insurers more than £1 billion in damages. The claims seem to be pouring in and so far, they are estimated at £1.4 billion and this is a far greater figure than the £650 million in damages, which the last winter caused.
The freezing temperatures have once again raised a few questions and put our preparation for such extreme weather on the spot, but most agree that when the temperatures drop to 20 degrees below zero, damages are to be expected. The biggest portion of these damages is caused by burst pipes, but damage to property and vehicles is substantial as well.
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