U.K. Towns Face More Floods as Costs Seen at $1.6 Billion

Waterlogged towns on the River Thames west of London braced for more floods as rains persisted across southern England and Deloitte LLP said the storms may cost insurers 1 billion pounds ($1.6 billion) by April. The Environment Agency has 16 severe flood warnings in place, 14 of them along England’s most famous waterway. Towns in London’s commuter belt including Chertsey, Egham and Datchet are affected.