Axa UK chief warns of "unsellable" homes with flood deal almost up
Speaking to the Independent on Sunday Mr Evans explained that the insurer was "extremely concerned" about the impact on homeowners with the Statement of Principles set to expire on 30 June 2013.
He cautioned: "We are extremely concerned about the impact on homeowners.
"Homes would be unsellable. There would be the worst of both worlds: people would be trapped in homes that they couldn't afford to insure and wouldn't be able to sell."
And Paul Cobbing, chief executive at the National Flood Forum
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
- GRP snaps up Ipswich-based broker
- Consolidators running out of M&A targets
- Blog: How could the Spring 2021 Budget affect insurance brokers?
- Broker wordings behind Allianz's Covid-19 BI claims hit
- People Moves: 22 - 26 February 2021
- Aston Lark buys Kent-based Sennocke
- FCA finalises guidance on vulnerable customers