The Guardian.   Why Flooding Is The Next Big Business Risk As climate change risks go, rising sea levels fail to sound the same alarm bells as dramatic weather events and melting ice caps. Yet their long-term effects are among the most alarming. Flooded cities, submerged coastal areas, mass migrations. According to recent research, the world’s oceans rose by 14cm last century. If we’re lucky, that number will merely double during the course of this century. If we’re not, an almost tenfold increase could be in store.  The potential economic damage is frightening. A study from Liverpool University found that floods in the UK in 2007 cost affected companies an average of £100,000 each. Those numbers will only rise.

Flood-RE Insurance Scheme ‘May Be Extended To Small Businesses

A Government minister has revealed a new scheme to help households get affordable flood insurance could be extended to small businesses.  Many hundreds of companies are struggling to get cover after storms brought devastation to large parts of Yorkshire over Christmas. As reported in the Yorkshire Evening Post last week, updated figures show 678 businesses in Leeds – and a total of 3,396 properties including thousands of homes – were affected by the Boxing Day deluge …