Floods could cost UK insurers nearly seven billion euros

29 December 2015
112 Views

UK insurers are saying the bill for the latest floods in Britain could be north of 6.7 billion euros.

Others suggest insurance may soon be impossible for people whose property now floods repeatedly. Some people in Cumbria have been flooded three times since the end of November.

The prime minister has pulled on his boots to show willing for the cameras, but people are now starting to say the government has underestimated the risks.

“Well, we’re spending more in this parliament than the last one and in the last parliament we spent more than the one before that. But of course after any of these events we should look at what we’re planning to build, what we’re planning to spend and think well, do we need to do more? We’re going to be spending £2.3 billion on flood defences in this parliament but we’ll look carefully at what’s happened here and see what more can be done,” said David Cameron in York.

The cathedral city of York, especially vulnerable to flooding, and its surrounding area has been one of the worst hit, despite extensive new flood defences. In densely built-up Britain, it seems no end to this now annual problem is in sight.

You may be interested

Justice Ministry to address concerns over ‘pothen esches’ declarations
GREECE
shares58 views
GREECE
shares58 views

Justice Ministry to address concerns over ‘pothen esches’ declarations

makis - Oct 19, 2017

Alternate Justice Minister Dimitris Papangelopoulos on Thursday said that a new ministerial decision will be issued to address the concerns…

Deadline for EFKA dues is extended
GREECE
shares62 views
GREECE
shares62 views

Deadline for EFKA dues is extended

makis - Oct 19, 2017

The 650,000 farmers and self-employed professionals who have not paid the social security contributions they still owe for 2016 have…

Athens expresses concern over continued demolition of houses of Greek ethnic minority in Albania
GREECE
shares62 views
GREECE
shares62 views

Athens expresses concern over continued demolition of houses of Greek ethnic minority in Albania

makis - Oct 19, 2017

The Greek Foreign Ministry expressed concerns regarding the decision by the Albanian authorities to proceed with the demolition of residences…

Leave a Comment

Your email address will not be published.