Will the industry leave flood defences exposed?

The industry will expect great things from the review set up to examine what has been learned from the summer floods

A row has broken out between the Association of British Insurers and the government over spending on flood defences. The government thinks that it has been generous while the industry, and many others, believes it falls far short of what is required. Both sides have a point.

For the last couple of years the ABI has campaigned hard for spending on flood defences to be raised from the current budget of £570m a year to £750m a year. When the severe flooding in Yorkshire and Humberside struck at the