Insurers tell Osborne £500m extra needed for flood defences

Will Nichols
clock •

Companies and NGOs write to Chancellor George Osborne warning millions of homes could be left at risk without greater investment

UK flood defences need an extra £500m investment to ensure adequate protection for UK homes and businesses, leading insurance companies have warned in a letter to Chancellor George Osborne. Without...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Will Nichols
Author spotlight

Will Nichols

View profile
More from Will Nichols

Intelligent Energy hails 'transformational' £1.2bn India fuel cell deal

The end of the beginning...

More on Risk

'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks
Risk

'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

New Planet Tracker study warns chemical companies are under-pricing carbon costs and undermining decarbonisation efforts

Amber Rolt
clock 08 May 2025 • 4 min read
Reports: Watchdog urges banks and insurers to plug 'gaps' in tackling climate risks
Risk

Reports: Watchdog urges banks and insurers to plug 'gaps' in tackling climate risks

Bank of England to instruct banks and insurers to carry out internal reviews on climate-related risks

Stuart Stone
Stuart Stone
clock 01 May 2025 • 3 min read
CCC's Climate Adaptation Progress Report: Five key takeaways
Risk

CCC's Climate Adaptation Progress Report: Five key takeaways

The CCC has revealed the litany of government and corporate failures that are leaving the UK badly exposed to worsening climate impacts - but will anyone respond to the wake-up call?

Michael Holder
Michael Holder
clock 01 May 2025 • 13 min read