Government warned over flood time bomb
The widespread flooding of the past few days is a salutary reminder that the UK government is sitting on a time bomb if it fails to protect against floods before insurance is withdrawn from homeowners and commercial properties in high risk areas, according to Aon.
Bill Gloyn, chairman of real estate Europe for Aon’s mergers and acquisitions group and president of the City Property Association, said: "Despite £3bn of claims following the floods of summer 2007
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