Property-level data reveals hidden flood risk for insurers
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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