Skip to main content

Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser (or turn off compatibility mode in Internet Explorer). In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

Flooding the market

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.

Your institute does not have access to this article

Access options

Buy article

Get time limited or full article access on ReadCube.

$32.00

All prices are NET prices.

References

  1. IPCC Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation (eds Field, C. B. et al.) (Cambridge Univ. Press, 2012).

  2. Green Paper on the Insurance of Natural and Man-made Disasters (EC, 2013); http://go.nature.com/EDiJon

  3. Diacon, S. Independent Review of Flood Insurance Analysis (Defra, 2013); http://go.nature.com/zCQXAN

    Google Scholar 

  4. Managing the Future Financial Risk of Flooding: Impact Assessment (Defra, 2013); http://go.nature.com/zCQXAN

  5. http://go.nature.com/hoedwo

  6. Flood Re Proposal: Memorandum of Understanding (Defra, 2013); http://go.nature.com/zCQXAN

  7. Managing Flood Risk (House of Commons Environment, Food and Rural Affairs Committee, 2013); http://go.nature.com/Y7JAnc

  8. O'Neill, J. & O'Neill, M. Social Justice and the Future of Flood Insurance (Joseph Rowntree Foundation, 2012); http://go.nature.com/sqzLZP

    Google Scholar 

  9. Flood Risk Management in England — An Update of Progress (NAO, 2013); http://go.nature.com/gwCCW2

  10. Aerts, J. C. J. H. & Botzen, W. J. W. Glob. Environ. Change 21, 1045–1060 (2011).

    Article  Google Scholar 

  11. Michel-Kerjan, E. J. Econ. Perspect. 24, 165–186 (Fall 2010).

    Article  Google Scholar 

  12. AECOM The Impact of Climate Change and Population Growth on the National Flood Insurance Program through 2100 (FEMA, 2013); http://go.nature.com/2MiY6q

Download references

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.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Diane Horn.

Rights and permissions

Reprints and Permissions

About this article

Cite this article

Horn, D., McShane, M. Flooding the market. Nature Clim Change 3, 945–947 (2013). https://doi.org/10.1038/nclimate2025

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1038/nclimate2025

Search

Quick links

Nature Briefing

Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily.

Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing