How a UK Flood Insurance Program Benefits the Wealthy
Subsidies meant for poor regions are inadvertently reaching wealthy enclaves.
Sometimes the best-laid plans can go awry. That’s the issue the UK’s flood insurance program is currently grappling with. Conceived as a way to help the most vulnerable, the program has seen the richest homeowners become the biggest winners.
Today’s newsletter looks at how that came about and how the program is trying to address it. Plus, Arctic sea ice tied a winter low that was set just last year.