Financial Times FT.com

Flooding risks bring stream of solutions

By Andrea Felsted

Published: December 16 2008 02:00 | Last updated: December 16 2008 02:00

Among those companies that stand to lose from global water problems - whether floods, droughts or storms - are insurers.

For the insurance and reinsurance industry the most pressing water-related problem is that from flooding. The UK floods of summer 2007, which cost the insurance industry about £3bn, underlined the devastation that this can cause.

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