A year after flooding swept through large portions of Britain causing billions in insured loss, a catastrophe modeling firm says more homes are at risk in Britain than a government report suggests.
Newark, Calif.-based Risk Management Solutions reported from London that as many as one in four homes in Britain are at risk of flooding caused by excessive rainfall and overflowing rivers.
RMS said that, using a 1,000-year flood scenario, an analysis of British properties employing high-resolution satellite imagery indicates that approximately ?600 billion ($1.18 trillion) of residential building value is exposed to flood risk.
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