A flood of claims

Sep 13th 2007
From Economist.com

Insuring against climate change

AFP

IT WAS a very wet summer in much of England. Floods in central and western parts of the country, the worst in decades, resulted in widespread misery: around 60,000 homes and businesses were damaged or destroyed. Insurers, which are facing at least £3 billion ($6.1 billion) in claims, have said they expect household premiums to rise next year.

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