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ABI response to the UK Government's Flood and coastal erosion risk management: policy statement

Today the UK Government set our it’s policy on flood and coastal erosion risk management and response to the independent review of flood insurance in Doncaster.

James Dalton, Director of General Insurance Policy at the Association of British Insurers said:

JamesDalton500x500.jpg“We welcome this update on the Government’s work to tackle flood risk – an issue of crucial importance to many communities, especially in the context of climate change.

“The industry-developed Flood Re scheme has ensured that over 350,000 homeowners at flood risk have been able to access affordable flood insurance. The Government needs to provide an adequate, long-term investment programme to build new, and maintain existing, flood defences, whilst ensuring that the planning process prevents inappropriate new developments in areas at flood risk. Insurers will continue to support their customers who have been flooded, have committed to developing a signposting service for those who find it challenging to obtain flood insurance and remain committed to doing all we can, in partnership with the UK Government and the devolved administrations, to ensure that increased flood risk is appropriately managed.”

Last updated 29/07/2021