uninsurable properties News

After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending

Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been only too willing to …

AXA Insurance Chief Warns of ‘Uninsurable Basements’ from New York to Mumbai

Private property below ground in New York and Mumbai may not be insurable in the next decade if climate change advances, the head of one of Europe’s largest insurers said. “If you go much further to 2020, 2030, we can …

Flooded U.K. Homeowners Face Declining Values: No Mortgages or Insurance

Homeowners in some of Britain’s wealthiest districts face a drop in property values and the prospect their homes may be uninsurable as record floods blight towns along the River Thames. About 5,800 homes have been flooded in towns including Chertsey, …