Trade bodies respond to flood insurance concerns
The British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have both moved to address the insurance problems being faced by homeowners in flood affected regions.
The responses followed claims by Hull North MP Diana Johnson that some homeowners in flood regions had seen their premiums rise by 500% or even been refused cover.
Steve Foulsham, technical services manager at Biba, told Insurance Age that the trade body was aware that some people had had difficulties accessing affordable insurance when they resided in flood zones, or had suffered from previous flood claims.
"There is some help provided by the statement of principles, which is due to end in June
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