Subsidence claims in 2022 after the heatwave have been the highest since 2006 with expected payouts totalling £219m.

Read the full Insurance Age article here.

UK subsidence claims increased by 140% in September 2022 (source: Allianz Commercial) due to adverse soil conditions brought on by a hot/dry summer and drainage leaks. Subsidence is a complex risk resulting in lengthy claim resolutions.

(Article from Insurance Business UK - October 2022)

"The UK has been experiencing the hottest summer since 1976 – the fifth driest on record – leading to the highest levels of subsidence claims over the last 20 years. Fortunately, weather risk management provider EuroTempest has found that the surge in subsidence claims will likely revert to its normal levels for the rest of this year.

The high rainfall levels recorded in mid-August, along with shorter daylight and lower temperatures, have been easing dry ground conditions that often result in subsidence. However, EuroTempest noted that the longer-term forecasts don’t necessarily promise more rainfall in the later months."

(Insurance Business UK - September 2022)

"Headlines across the national press have warned of the prospect of an avalanche of subsidence claims in the wake of the prolonged hot and dry weather seen by the UK in recent weeks. But are these concerns translating into claims figures?"

(Insurance Business UK - September 2022)