Editor's comment: Pulling together on flooding
The cost of damage caused by flooding has risen 200% over the last decade, giving insurers a nightmare to consider for the future.
At its conference Fighting Flood Risk Together, the Association of British Insurers said that £4.5bn of claims were paid out to homes and businesses in the 2000s compared to £1.5bn in the 1990s. Weather patterns are becoming more severe and there would be little surprise if the last decade's doubling of costs was exceeded by the start of 2020. With the government having reduced flood spending in October's Comprehensive Spending Review, upset insurers are now turning their attentions to the
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