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Tag Archives: flood insurance

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Flood Re – a damp squib or a torrential success?

The snappily named Flood Re was officially launched this week on 4 April 2016. The reinsurance scheme has been designed by the government and insurance industry to secure affordable insurance for households in flood risk areas. The government anticipates the scheme may ultimately benefit up to half a million households in areas at high risk

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UK Flood Insurance Update: A torrent of support for the Flood Re pool

This week saw the publication of the UK Government’s response to their public consultation on flood insurance. Back in June we reported the announcement of “Flood Re”, the proposal to secure the availability of insurance for the thousands of UK homes facing a high flood risk. Flood Re is set to be a dedicated fund

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The future of UK Flood Insurance is Flood Re

As we have previous reported, the Statement of Principles on the Provision of Flood Insurance, an agreement currently in place between the Association of British Insurers and the Government which committed insurers to provide affordable flood cover for domestic and small business premises, was due to expire at the end of July 2013 following a

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Flooding: A Stay of Execution for the Statement of Principles

The Statement of Principles on the Provision of Flood Insurance, an agreement currently in place between the Association of British Insurers and the government which committed insurers to provide affordable flood cover for domestic and small business premises, was due to expire at the end of this month, June 2013.   Over the past year, negotiations

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Countdown to a free market for flood insurance?

The countdown is on. There are now only two and a half months before the Statement of Principles on flood insurance comes to an end.  The Statement is an agreement between the government and the Association of British Insurers in which the insurance industry agreed to provide flood cover for domestic and small business as

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Flood talks reach impasse whilst the rain keeps falling

As reports rage of an impasse between the Government and the insurance industry on negotiations over the future of flood insurance, the question on everyone’s lips is “where do we go from here?” Don’t be fooled by the recent wintry drop in temperature; we started with the wettest April on record earlier this year and