A flood insurance market with risk-based prices in the UK will only stimulate climate change adaptation if it is part of a wider strategy that includes land-use planning, building regulations and water management.
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Acknowledgements
We would like to thank the ODU Climate Change and Sea Level Rise Initiative for funding D.H.'s Visiting Scholarship, when this work was undertaken.
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Horn, D., McShane, M. Flooding the market. Nature Clim Change 3, 945–947 (2013). https://doi.org/10.1038/nclimate2025
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DOI: https://doi.org/10.1038/nclimate2025