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Insurance experts believe the floods in Cumbria will cost the industry less than other similar events during the past decade despite the scenes of devastation across the county. Analysts said the impact appeared to be less than in previous incidents such as the floods in 2005 in Carlisle, which cost £272m according to the Association of British Insurers, those in the summer of 2007, which cost £3bn, and floods in the winter of 2013/14, which cost £451m. – Financial Times
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