Member of Parliament for Waveney , Peter Aldous initiated a debate in the House of Commons of the United Kingdom to discuss what went well and what can be improved on a national level in regards to future flood defences/preparations , etc . Within his constituency is the town of Lowestoft , which was affected by the storm . " There is a strong sense in these communities that Parliament has not yet considered properly this narrowly averted national crisis . We need to establish what went right and also what can be improved upon . " He also later stated " It is wrong to dismiss these floods as a once in a 500-year occurrence . There were floods six years ago In this context , note the floods in 2007 did n't affect Mr Aldous ' home constituency , but Mr. Aldous is making the point that the risk of flooding is a national problem that needs addressing and not just a regional issue . The flood of 2007 caused £ 6billion worth of damage . I think with rising sea levels these are going to be a thing of the future and we do need to be looking at protecting the most vulnerable areas . " Credit Suisse made initial estimates on the cost of damage ranging between € 1.4 billion and € 1.9 billion . The catastrophe modelling company AIR Worldwide estimated wind losses from the storm would be between € 700 million and € 1.4 billion . The company said that Xaver 's wind impact was likely to be less than that of the St. Jude storm , as it had lower wind speeds , and expected structural damage from high winds to be more limited . Perils AG the catastrophic insurance data company gave an initial estimate of € 680 million for insured property losses to the insurance industry on 16 January 2014
floods six years ago
2007 United Kingdom floods
Cyclone Xaver