Insurers could cut flood cover warns Aon

The broker has advised property owners that they could become more exposed to recovery costs as high risk, uninsurable regions become more widespread following an inevitable reassessment by insurers of their role in dealing with flood claims.

The warning comes as the Association of British Insurers expects to pay £3 billion for flood claims from the latest series of disasters, while the government has only committed to spending £800 million on long term protection.

Bill Gloyn, chairman of Eu

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: