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Tag Archives: Flood Re

Posted in Real Estate News

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

Posted in Real Estate News

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

Posted in Real Estate News

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