Legal News

Flood Re ought not to be extended to properties built after 2009

Published on: 21 February 2020
Published by LNB News

LNB News 21/02/2020

Document Information

Issue Date: 21 February 2020

Published Date: 21 February 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Head of General Insurance of the Association of British Insurers, Mark Shepherd, has responded to a report published by the think tank Bright Blue. The report suggested extending Flood Re to all properties built after 2009. Mr Shepherd commented that this suggestion would be counterproductive, as it would incentivise inappropriate housing developments in flood risk areas while increasing insurance costs for all homeowners.

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