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Insurance

Government urged to develop flood strategy

Your Money
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Your Money
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04/12/2007

The Association of British Insurers (ABI) has published a report calling on the Government to implement a 25-year flood strategy.

The report, entitled ‘Summer Floods 2007: Learning the Lessons’, outlines the ABI’s recommendations for the Government to create a flood management strategy based on more investment, a recognition of climate change and improved national leadership and coordination.

Stephen Haddrill, director general of the ABI, said: “This summer’s devastating floods highlight the urgent need for a long-term strategy based around more investment, national coordination and better land use planning. Insurers want to continue to provide flood insurance. The right decisions from the Government will ensure that flood insurance remains widely available and affordable in the UK.”

The ABI has also published the results of an opinion survey from residents in the areas affected by the summer flooding (Gloucester, Humberside, Yorkshire and Worcester). The survey revealed that nearly two thirds (61%) of residents think they will be affected by devastating floods again, while many residents believe that an overhaul of drainage systems will help reduce the risk of further flooding.


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