2012 was the second wettest year on record in the UK, according to the Met Office, and caused problems for many homeowners, businesses and motorists. The Association of British Insurers stated that the flood and storm damage had cost insurers £1.19bn. The total number of claims reached 486,000 and on average cost insurers £18,200 per flood-damaged property. The £1.19bn payout was slightly higher than it was in the year 2000, but was still a great deal less than the £3bn bill from the floods that had impacted the country in 2007. The various claims were broken down in to:
- Residential property – 411,300 claims totalling £690m.
- Commercial property – 47,000 claims totalling £373m.
- Vehicle damage – 26,800 claims totalling £84m.
- Interruption to business operations – 1,200 claims totalling £40m.