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ABI comment on the Water Act 2014 gaining Royal Assent

The Water Act 2014 received Royal Assent on 14 May 2014.

Commenting on the milestone, Huw Evans, Director of Policy, ABI, said:

"The passage of The Water Bill into law is an important milestone and the industry welcomes the cross party support it has received. Flood Re represents a major commitment by the insurance industry to help those who would otherwise be unable to access affordable flood insurance.

"Flood Re has taken three years to develop and we are well into the project to deliver it. This clearly demonstrates the significant value of insurers and Government working together to deliver the best outcomes for people."

For further detail on the Water Act, please see the DEFRA announcement.

Last updated 01/07/2016