News and Events

Flood insurance scheme is put on ice

Ministerial sign-off for a long-awaited flood insurance scheme has been delayed until after the general election. The insurance industry had hoped the £180m-a-year Flood Re would be fully approved before 7 May, averting the risk of ministerial change, which could lead to a reconsideration of how the scheme works. Flood Re subsidises home cover for people living on floodplains, so insurers can offer them affordable premiums. Read more of the story from The Independent.

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