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Daily Insurance Industry News
Tuesday 22nd of May 2018
March 27, 2008

ABI demands 25-year flood risk strategy

by Gill Montia

Story link: ABI demands 25-year flood risk strategy

The Association of British Insurers (ABI) has published its Summer Floods 2007 report in which it calls on the Government to develop a 25-year strategy to manage flood risk in the UK.

The ABI believes the strategy should be the responsibility of a single national body, which should develop an investment programme and stronger planning controls.

The report also highlights the need for improved national leadership and coordination and national targets for reducing flood risk.

ABI director general, Stephen Haddrill, says: “This summer’s devastating floods highlight the urgent need for a long-term strategy based around more investment, national coordination and better land use planning.”

Adding: “Insurers want to continue to provide flood insurance. The right decisions from the government will ensure that flood insurance remains widely available and affordable in the UK.”

The ABI has also published the results of a survey completed by residents of the areas affected by the summer floods.

It shows that nearly two-thirds of those questioned expected to be affected by floods of a similar scale at some time in the future.

 

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