A Heriot-Watt University study from earlier this year predicted that flooding across the UK could increase by an average of 15-35 per cent by the year 2080. Areas of West London faced nearly three inches of rain in just 90 minutes last week, causing widespread issues.
In its 'Building Future Communities' report, Aviva has called for action from all parties concerned to address the threats climate change poses to UK property and livelihoods. The insurance company said that greater use of “nature-based solutions” should be employed which can help guard against multiple climate risks and called for a strengthening of planning regulations to protect UK properties.
New properties should not be being built on floodplains, the report said, while all existing and future properties should have adequate resilience and safety measures in place. Inevitably, the report brings up home insurance, saying it should be cheaper for those most at risk, as well as...