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.
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