PricewaterhouseCoopers

PWC has estimated weather-related damage in December 2013 and January this year could cost the insurance industry up to £500m.

PricewaterhouseCoopers has reported resounding optimism among insurer chief executives despite the poor economic forecasts.

British insurers are expected to face the worst flood damage bills since 2007, PricewaterhouseCoopers (Pwc) has warned.