Economic Flood Related
Issues:
The Association of British Insurers
estimate that around 1.2 million UK properties are at risk
from inland flooding and that the total insured value of this
property is £35 billion. The Association of British
Insurers has also considered a hypothetical flooding event;
a prolonged storm over the river Thames and outer London suggests
losses of between £1bn and £2bn.
“To enable insurers to continue providing widespread,affordable
flood cover for policy holders, including those in flood vulnerable
areas, there needs to be good flood defence strategies and
adequate investment in flood defence ”.
Mary Francis, Director General,
Association of British Insurers,
Dec 2000
Environmental Flood Related Issues:
Global warming is a real issue,
impacting on weather cycles and tidal heights. On a national
scale, the UK is already experiencing the effects of changing
weather patterns which has had severe influence on flooding.
In the floods of 1998 alone five people were killed. |