LONDON - Britain’s increasingly extreme weather is shaking the very foundations of its centuries-old history. Read more at straitstimes.com.
LONDON - Britain’s increasingly extreme weather is shaking the very foundations of its centuries-old history.after wet winters since last year. That is causing the porous rock beneath vast parts of south-east England, including London, to move more than usual, cracking or tilting many of the city’s historical homes in the plushest neighbourhoods. The damage has triggered the highest insurance payout in almost two decades, with experts warning that it could get worse.
London Clay is the most susceptible to shrinking among soil types, meaning it has the highest risk of being a subsidence hazard. British insurers expect to pay £219 million for subsidence claims made in 2022, “many of which were caused by last summer’s record-breaking high temperatures,” according to data published earlier this year by the Association of British Insurers. This is the highest expected insurance subsidence bill since 2006, it said.
The hit from subsidence is most visible and costly in London, home to nine million people. Subsidence can dent the value of these homes and severely damaged houses could even be unsafe for habitation. “The next six weeks will be key weather-wise in determining” whether there will be an increase in clay-related subsidence claims, according to note published by Zurich Insurance Group AG last month. The report pointed out that England had its driest February in 30 years in 2023, followed by its wettest March in over 40 years – a weather pattern that risks spiking insurance claims. There was a 26 per cent increase in overall claim volumes reported for the UK last year compared with 2021.
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