November 13, 2019 / 2:29 PM / 25 days ago

Insurance losses from northern England floods could be £80-£120 million: PwC

LONDON (Reuters) - Recent flooding in northern England could lead to 80-120 million pounds ($255.92 million) in insurance losses, consultants PwC said on Wednesday.

Residents were told to evacuate their homes last week after deluges brought a month’s rainfall in less than 24 hours.

The estimates could rise in the next few days, depending on the extent of further rainfall, Mohammad Khan, general insurance leader at PwC said.

Reporting by Carolyn Cohn; editing by Simon Jessop

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