ABI and Government agree on flood insurance
The ABI (Association of British Insurers) and the Government have reached agreement that ensures flood insurance remains widely available now and in the long term.
The agreement outlines the actions that both Government and the industry will take over the long term.
These include:
Improving understanding of flood risk. Government putting in place a long-term investment strategy, which will set out strategic flood prevention aims and assess future policy options and funding needs Ensuring that the planning system prevents inappropriate development in flood- risk areas. Raising awareness in areas where flood risks are significant, encouraging propertyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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