JLT warns of "economic chaos" after flood insurance impasse

 A family are rescued from their home in Gloucester during flooding on 27 November

The Association of British Insurers (ABI) has claimed that government talks over securing long-term flood insurance for high-risk households have reached an impasse. 

Although the Statement of Principles only relates to residential and SME business, JLT fears a change in underwriting policy would also be reflected on the commercial side.

Bill Gloyn, partner European Real Estate, JLT, said: "The inability to get cover will then have repercussions for the local economies of affected areas, where

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