Legal News

What next for flood insurance?

Published on: 05 December 2013

Table of contents

  • Original news
  • Why has the government opted to create a reinsurance market for flood insurance?
  • How will Flood Re operate?
  • Will it be a proportional or non-proportional model?
  • Will Flood Re be under particular regulatory restraints or will it be free to operate as a traditional reinsurance fund?
  • Are there any concerns in the use of this model?
  • How will the twin tracking with the Flood Insurance Obligation work in practice?
  • What effect will this all have on the domestic insurance market?

Article summary

Environment analysis: How will the Flood Re proposals work for homeowners? Catherine Davey of Stevens & Bolton comments on the proposals and says the proposed legal framework will create a levy-funded reinsurance pool for high risk households.

Popular documents