Allianz welcome flood deal

Chief executive of Allianz Insurance, Andrew Torrance, said: “This news provides the re-assurance the insurance industry and I am sure many of our policyholders were looking for. Removing flood cover from insurance policies was a measure of last resort and this agreement ensures that there will be no need to take this action.

“It is crucial that the Government delivers against the commitments given in the agreement in order to reduce the number of properties in the UK that are exposed to a s