On 10/07/2012 16:52, David Hill wrote:
On 10/07/2012 15:49, Steerpike wrote:

How insurance companies overcome a requirement to provide cover by
law, is to set premiums so high that only a banker or MP would be able
to afford them. Once insurance premiums are set in this way it
effectively means properties are unsaleable, and I guess is something
that will be happening more and more as the effects of global warming
start to bite even harder in the coming years.


How do you keep coming up with so much Bullshit?

I think he is probably right about this part. The insurers will find a
way to avoid insuring people whose homes pose a near certainty of flash
flooding every time there is an aggressive cloudburst nearby.

The alternative is insane and encourages even more building on flood
plains and unstable coastlines with premiums rocketing up for all of us.
Insurers will always want their cut of the profits no matter what.

--
Regards,
Martin Brown