LSE study warns that Flood Re is "unsustainable"
The Flood Re agreement struck between the government and insurers is at risk of being "unsustainable", a study has warned.
A paper published by the London School of Economics (LSE) cautioned that the proposed scheme - which is set to replace the Statement of Principles in 2015 - has not taken into account the impact of climate change.
Dr Swenja Surminski and co-authors cited the UK Climate Change Risk Assessment, published in 2012 by the government, which warned that the number of homes in England and Wales at risk from flooding will rise from 370,000 in 2008 to between 450,000 and 800,000 by the 2020s.
The
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