By Maria Ward-Brennan British insurers have been rocked by an eye-watering £1.4bn in property claims for the second quarter 2024, smashing records as the biggest quarterly payout ever logged. In addition, the average payout per home insurance claim also saw a significant rise, increasing by 16 per cent to £5,284, revealed by the Association of British Insurers (ABI). The rise in claims has been largely attributed to adverse weather, which continues to play a significant role in home insurance claims. In early January, Storm Henk resulted in severe weather warnings and floods in the Midlands, w…