Insurers welcome end to Statement of Principles uncertainty
Following protracted talks an agreement was struck between the government and insurers to "guarantee" affordable flood insurance for homes.
And Mr Torrance - who is set to take over the role of CEO at the Fireman's Fund Insurance Company in the US - said: "Insurers have been engaged in discussions with the government for some time to identify a solution which meets all of the challenges presented by providing widely available and affordable flood cover for domestic properties in the UK.
"[The]
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