The following Environment guidance note Produced in partnership with Groundsure and Burges Salmon provides comprehensive and up to date legal information covering:
As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this content.
For further guidance, see Practice Note: Brexit—impact on environmental law and News Analysis: Brexit Bulletin—key updates, research tips and resources.
The Association of British Insurers (ABI) and the government had an agreement, known as the Statement of Principles (SoP), in place since 2000.
The SoP provided a commitment from the insurance industry to make flood insurance for domestic properties and small businesses available as part of standard household and small business policies if the flood risk is not significant (generally defined as no worse than a 1 in 75 year annual probability of flooding).
The SoP also committed insurers to continue to offer flood cover to existing domestic and small business customers who were at significant risk (over 1 in 75 year annual probability of flooding). This continuation of cover was on the proviso that the Environment Agency had announced plans to reduce the risk of flooding in that area to below 1 in 75 annual probability within five years as part of their Medium Term Plan.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.