"Imagine waking up to find your living room underwater for the second time in five years. You try to claim insurance, only to be told your property is now uninsurable. Premiums have tripled. Your mortgage lender is concerned. And your biggest asset, your home, is rapidly losing value. This isn't just a personal disaster. It's a warning sign of a much broader crisis."
"In the past decade alone, flood frequency has increased fourfold in the tropics and 2.5 times in mid-latitude regions. In the UK, at least one in six people already live with flood risk, heavy-rainfall extremes are increasing, and expected annual damages could rise by 27% by the 2050s. Insurance claims from extreme weather are surging. The Association of British Insurers (the UK insurance and long-term savings trade body) reports a record 585 million in home weather-damage payouts for 2024."
The Independent sends reporters to cover developing stories and relies on donations to fund journalists. The Independent investigates political financing and produces documentaries highlighting American women fighting for reproductive rights. The Independent avoids paywalls and aims to make quality journalism accessible to everyone, funded by those who can afford it. Climate change is increasing flood frequency and severity globally, with tropical floods quadrupling and mid-latitude floods rising 2.5 times in the past decade. In the UK, at least one in six people face flood risk, heavy-rainfall extremes are increasing, expected annual damages could rise by 27% by the 2050s, and insurers paid a record 585 million in home weather-damage payouts for 2024.
Read at www.independent.co.uk
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