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Flooding could cost insurance industry £500m

Recent floods in the North of England could cost the insurance industry £500m, commercial insurance modelling company Risk Management Solutions has warned.

RMS says the floods are not as serious as flooding in 2000, which affected over 10,000 properties and caused £925m in insured losses.

But it adds floods are ‘ongoing’ and further rainfall is expected over the weekend.

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Lenders’ poor service costs brokers money

Telephone charges are in the news again. Len-ders have been hammered once more for publicising expensive 0870 numbers for clients to call when there are cheaper local area or even freephone numbers available.

Too many FTBs dipping into their savings, says Abbey

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Helping clients with payment shock

As borrowers come off cheap fixes to face the shock of higher repayments, brokers should offer solutions such as interest-only deals and drop-lock facilities, says Mark Harris

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