flood defenses News

Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by 0.5 percentage points to 10 percent to fund flood defenses, boosting insurance shares as the rise was smaller than anticipated. …

A report from catastrophe modeling firm AIR Worldwide notes that “since October 2013, the United Kingdom has been experiencing a seemingly endless succession of severe winter storms that have produced multiple floods, even in areas off of floodplains. “Over 370 …