2024 Property Insurance Payouts Set to Soar: What Facilities Managers Need to Know

UK property insurance claims are expected to reach £5.5 billion in 2024, the highest since the 2007 summer floods. With extreme weather events like storms, flooding, and freezes becoming the new normal, weather-related claims are projected to hit £1.2 billion, double pre-2020 levels. This surge signals a growing threat posed by climate change—one that facilities managers cannot afford to ignore. Insurance providers are already feeling the strain, and rising premiums are on the horizon.

It’s time for facilities leaders to assess how weather risks might impact their portfolios.

Read the full article to understand the implications for your bottom line.