THE cost of coastal flooding in Suffolk and north Essex could run into billions of pounds, an insurance trade body has warned.

Climatologists predict sea levels on the east coast could rise by 40cms (15.75 inches) during the next 40 years, the Association of British Insurers said.

The financial impact on Lowestoft alone would be £550million, with more than 17,500 homes and commercial properties at risk of flooding. (more…)