Household insurance in flood risk areas subsidised by £511 annually, says Axa
The latest figures were published as part of an Axa Parliamentary Flooding event in Westminster on the UK's flood defence strategy and funding debate.
Axa noted that the insurance subsidy issue arises through the operation of ‘The Statement of Principles' - an agreement which obliges existing insurers to provide cover as long as the government continues to invest in an adequate flood defence programme, leaving new insurers to come into the market and cherry-pick lower risk customers.
David
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Blog: It’s Simply Business as Markerstudy finally lands Brightside
- Mark Wilson's Abacai buys Dayinsure
- DCJ makes first deal as part of GRP stable
- Consolidation of the consolidators next step as broker M&A targets reduce
- PIB buys Staffordshire broker in second deal of 2021
- Markerstudy focuses on further deals after Brightside buy
- SRG adds MGA CLS Risk Solutions to stable