Cost of 2012 Flooding Could be as Much as 1 Billion Pounds

The transcript discusses the impact of flash floods on a pub in Braunton, highlighting the challenges faced by the owners in dealing with insurance claims and the financial burden of repairs. It also covers the broader issue of flood damage across England and Wales, the rising insurance premiums, and the pressure on the government and insurers to renew a deal for universal flood coverage. The potential consequences of not reaching an agreement are explored, along with the government's efforts to prevent flooding and ensure affordable insurance. The uncertainty faced by residents in high-risk areas is emphasized.

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