Lynne Jones? cozy bed and breakfast in Britain?s Lake District boasts views over the River Greta where heron come to feed, and a panoramic vista of Skiddaw mountain.
Jones says her B&B has another virtue: It?s practically watertight. In an island nation where some 920 homes have flooded and at least three people have died in the past few days, that?s saying something.
?It?s almost an ark,? she said. ?Short of actually letting it float, we?ve done everything we can to protect it.?
But the floodgates and other fixtures Jones installed haven?t led to lower insurance premiums. And things may get worse, as the British government and British insurers battle over a deal that would provide state guarantees for flood coverage at a time when losses are expected to rise because of global warming.
With more storms on the way, the government and the insurance industry are engaged in mutual finger-pointing. Insurers say the government is failing to provide homeowners the type of guarantees that other European countries and the U.S. do, while the government is accusing the industry of whipping up people?s fears by publicizing its negotiating position even before flood waters have receded.
If a deal isn?t struck by the end of June, as many as 200,000 people in Britain could either lose their insurance or find it too expensive to pay premiums that are certain to rise without government guarantees.
All this comes as the European Environment Agency reported that global warming has caused an overall rise in sea levels globally and along most of the region?s coasts. There has also been an increase in flooding along streams and rivers.
Sources: Euro News, Sky News, BBC, AP?
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Tags: UK floodSource: http://cruxof.com/2012/11/28/floods-in-britain-highlight-insurance-dispute/
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