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Daily Insurance Industry News
Tuesday 11th of December 2018
April 11, 2010

Flood and Water Management Bill becomes law

by Gill Montia

Story link: Flood and Water Management Bill becomes law

The Flood and Water Management Bill 2009-10 has received the Royal Assent.

The Bill addresses the threat of flooding and of water scarcity, both of which are expected to increase with climate change.

The new legislation requires the Environment Agency to create a National Flood and Coastal Erosion Risk Management Strategy, which a number of organisations will have to follow.

Leading local flood authorities are now required to create local flood risk management strategies and the Bill also introduces a more risk-based approach to reservoir management.

The legislation should enable the Environment Agency and local authorities to carry out flood risk management works more easily.

In addition, it requires the use of sustainable drainage systems in certain new developments and introduces a mandatory building standard for sewers.

The cost of the damage caused by the flooding in Cumbria in November 2009 topped £200 million.

According to the Association of British Insurers, its members handled 36,000 claims totalling around £206 million, with 60% of the sum relating to business damage.

 

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