UK rains floods News

England Floods, U.S. Freezes so Blame Indonesia: Bloomberg’s Marc Champion

The U.S. is freezing and the U.K. is flooded. Clearly, Indonesia is at fault. That, in any case, is my layman’s interpretation of a report this week from the U.K.’s meteorological agency, the Met Office. It makes fascinating, if nerdy, …

U.K. Towns Face More Floods as Insurer Losses Estimated at $1.6 Billion

Waterlogged towns on the River Thames west of London braced for more floods as rains persisted across southern England and Deloitte LLP said the storms may cost insurers £1 billion ($1.6 billion) by April. The Environment Agency has 16 severe …