In Depth: The impact of flooding on HNW clients
Sam Barrett examines the future for flood insurance in the high-net-worth space
Last July’s flash floods, where nearly three inches of rain hit parts of the capital in just 90 minutes, were a stark reminder of the devastation this type of event can cause. But, as these events become more common, the insurance industry must work with homeowners to make their properties more resilient.
“It was horrendous,” recalls Mark Pierce, operations director at Criterion. “The floods were fairly localised but they hit part of London with the highest intensity of basements and super
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