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Floodplain development under insurance threat

Series: Building ; 266(8193) 13 July 2001, 18(1)Publication details: 2001Subject(s): Summary: 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.

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.