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United Kingdom: Flood insurance scheme inadequate, says study

2013-08-19 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The government's new scheme to protect homes in England and Wales from flooding vastly underestimates the number of properties at risk due to climate change, says a study from the London School of Economics (LSE). As many as 800,000 homes in England and Wales are likely to be at significant risk of flooding in a decade, even on optimistic assumptions of fewer homes being built in flood plains, with the number rising to 1.5m by 2050. That compares with about 370,000 homes at significant risk in...

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Rep. Mark Sanford supports delay in higher flood insurance premiums

2013-07-29 21:45:58| Real Estate - Topix.net

A measure recently approved by the House could give homeowners living in low-lying areas a one-year delay in paying higher federal flood insurance premiums.

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Flood insurance changes run into resistance

2013-07-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Just a year after Congress imposed significant changes in the government's oft-criticized flood insurance program, howls of protest from homeowners facing higher premiums have coastal lawmakers pressing for delays that would preserve below-cost rates for hundreds of thousands of people in flood-risk areas. The government can't say how many people could confront higher premiums, but homeowners in places like Staten Island, N.Y., along the battered New Jersey coast and in low-lying areas of Louisiana,...

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German flood damage insurance claims may reach 3bn

2013-06-11 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Damage from the past week's flooding in Germany is expected to lead to insurance claims of up to EUR3bn (2.5bn), a credit rating agency has said, as flood levels on the Elbe river in the country's north appeared to stabilise. Further south, the peak of the flood on the Danube, Europe's second-longest river, moved away from the Hungarian capital, Budapest, toward Serbia. The Elbe, the Danube and other rivers have overflowed their banks following weeks of heavy rain, causing extensive damage...

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