30/11/10
The agreement between the insurance industry and government on how flood insurance will be provided to householders, where government has met its obligations on flood protection, will end in 2013.
The current Statement of Principles was developed in 2003 but is no longer considered fit for purpose by the insurance sector. With the financing of government obligations under scrutiny, the Association of British Insurers is encouraging all parties to work towards the same goals.
Defra is committed to flood risk management and sees local and community involvement as key to its success.
The Flood and Water Management Act did deliver some legislation to clarify responsibilities but it missed a number of opportunities to really enable water companies to deliver to their potential - the right to deal with misconnectons, clarity on the funding and maintenance of sustainable drainage (SUDS), the detail on private sewer transfer, and making companies statutory consultees in the planning process.
Clarity is still needed on these issues and we look forward to the opportunities in the forthcoming White Papers to make representations.
Massive rise in Britain's flood damage bill highlights the need for more help for flood vulnerable communities says the ABI
ABI news release
