A recent report by the London School of Economics and Political Science provides for a stormy forecast for Britain’s new proposed flood insurance programme, largely in part due to climate change.
Flooding is perhaps one of the biggest natural disasters the UK faces. However, the ability to insure against this risk has provided uneven and ineffective results, much like it has in other places including the U.S. Consequently, the UK government and the Association of British Insurers (ABI) have a proposed a scheme to stabilize …
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