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Property-level data reveals hidden flood risk for insurers

Flood in UK street
Gettyimages

Insurers could be “significantly underestimating” their exposure to flood and subsidence risk by relying on regional averages rather than property-level analysis, according to a study by PriceHubble and MIAC Analytics.

The data found that 6.8% of UK homes are currently in high flood-risk categories, but climate change could push the proportion up to 9.6%.

This is the equivalent of an additional 574,000 homes.

Flooding

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