As further flood warnings have been issued this week, estimates have been released relating to the damage caused by the flooding and storms that struck Britain over the holiday season. The insurance division of PricewaterhouseCoopers has issued a figure of £400 million as the cost to the industry. This is based on 1,800 properties to date being affected, which is far short of the 55,000 properties that were hit during the flooding in 2007.
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