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  • ENVIRONMENT: London flood risk: Insurance company announces city's first ever 'flood bond'

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ENVIRONMENT: London flood risk: Insurance company announces city's first ever 'flood bond'

The capital is in the eye of the storm when it comes to climate change, and if water levels continue to rise, many homes and businesses will suffer. Now an insurance company has announced that it is going to be spreading its risk. It has introduced the City's first ever "flood bond", designed to help it keep enough money in the pot to pay out on flood claims.

ITN Source | April 11, 2007Watch more videos from ITN Source

Tags:. .change. .keep. .continue. .water. .source











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