Insurers in the UK paid out a record £585 million last year as record-breaking rain and storms hit the country, threatening people’s daily affairs. The insurers blame significant and consistent bad atmospheric pressure for the record payments.
Climate change is making recent natural disasters more frequent and intense, according to an analysis by Met Office. Insurance premiums are climbing globally in areas at risk of hurricanes, floods, fires and other issues.
Insurers are suggesting not building homes in areas prone to climate risks if possible. The UK has recently committed to boosting flood defence spending to £2.65 billion in the next couple of years. But do you think this announcement is sufficient?
