Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why wasn this action taken earlier instead of leaving householders and businesses with major insurance problems?

0
Posted

Why wasn this action taken earlier instead of leaving householders and businesses with major insurance problems?

0

While there has always been a risk of flooding from the River Clyde, research into Climate Change and Global Warming published in recent years now predicts increases in sea level and storminess not previously expected. This has had the effect of increasing what was a lower level of risk of flooding to a level, which must now be addressed. This increased risk has caused the insurance industry to review their previous policy of providing universal flood insurance with the effect that it may not now be possible to obtain flood insurance for properties where the risk of flooding is too high. The City Council has addressed this change in policy by setting minimum levels of flooding risk in the City Plan for new developments.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123