Floodplain development under insurance threat
Floodplain development under insurance threat
- 2001
- Building 266(8193) 13 July 2001, 18(1) .
With increasing flooding due to climate change, future development on floodplains is under threat because of rising insurance premiums. Property values will either drop considerably as insurers refuse to provide cover or premiums will rise dramatically to cover their liability.
FLOODPLAINS
BUILDING DEVELOPMENT
CLIMATE CHANGE
INSURANCE PREMIUMS
With increasing flooding due to climate change, future development on floodplains is under threat because of rising insurance premiums. Property values will either drop considerably as insurers refuse to provide cover or premiums will rise dramatically to cover their liability.
FLOODPLAINS
BUILDING DEVELOPMENT
CLIMATE CHANGE
INSURANCE PREMIUMS