Floods in Britain highlight insurance dispute

With more storms on the way, the government and the insurance industry are engaged in mutual finger-pointing. Insurers say the government is failing to provide homeowners the type of guarantees that other European countries and the United States do, while the government is accusing the industry of whipping up people's fears by publicizing its negotiating position even before flood waters have receded.
If a deal isn't struck by the end of June, as many as 200,000 people in Britain could either lose their insurance or find it too expensive to pay premiums that are certain to rise without government guarantees.
All this comes as the European Environment Agency reported that global warming has caused an overall rise in sea levels globally and along most of the region's coasts. There has also been an increase in flooding along streams and rivers.
Floods and storms account for around two-thirds of the costs for natural disasters, the agency concluded. And those costs continue to rise.

 http://news.msn.com/world/floods-in-britain-highlight-insurance-dispute