"With a cost to insurers of around £3 billion, the summer floods have engendered the largest natural catastrophe insurance loss ever recorded in the UK."
ABI, 2007
"The scale of the surface water flooding problem faced in summer 2007, and the growing likelihood of similar flooding in the future means there is a clear need for action."
The Pitt Review (Interim)
"Insurers that invest in flood risk assessment technologies have saved tens of millions of pounds by careful risk selection."
Dr. Justin Butler
"Flooding is 30 times as costly as getting burgled and this thief takes everything in its path.”
[ How to count the cost of flooding before it happens ]
The Financial Times - 25 May 2008 - Floods of recent years have brought striking images of ingenuity amid the suffering. But they present complex problems for utility companies, local authorities and insurance companies, which all have to deal, in different ways, with the aftermath of severe flooding.
Click the image to view the full article:
[ Flooding as an emerging risk ]
The Developer's Guide to Brownfield - March 2008 - Recent events have driven flooding up the political and risk management agenda. Developers need to understand the now stringent planning restrictions associated with flood risk, to inform site acquisition and improve building designs.
Click the image to view the full article:
[ Preventing a washout ]
Global Reinsurance - December 2007 - Recent events have driven flooding up the political and risk management agenda. Dr Justin Butler examines what insurers and reinsurers can do to address the issue...
Click the image to view the full article:
[ Are Power Stations Flood Proof? ]
BBC News 24 - November 15th 2007 - Flooding in central England and tidal surges on the coast of East Anglia have highlighted the damage that can be caused by changes in water levels. But how secure are the UK's power stations against the threat of rising tides?
Click the image to view the full article:
[ Weather Warning]
Accountancy Magazine - November 2007 - Alex Blythe investigates how companies can learn to cope with a changing climate