UK Money News
18th June 2008
ABI demands long term flood action plan
Around half a million homes will become uninsurable unless the government takes action to reduce their risk of flooding, the Association of British Insurers (ABI) has warned.
Speaking at the Floods - One Year On conference today, Nick Starling, ABI director of general insurance and health, called for a "long-term flood management strategy" from the government to improve the situation and for defences to be improved.
He said: "In particular we must tackle the problem of surface water drainage. Planning for the future is essential if we are to minimise a repeat of last year's terrible floods, and to ensure that flood insurance protection remains widely available."
Mr Starling's comments coincided with the release of a study conducted by the ABI which found that three quarters of people think that not enough is being done to tackle flooding.
The need to make improvements to drainage systems was cited as the number one priority by 98 per cent of people surveyed.
Last year's floods cost the insurance industry around £3 billion and was the cause of 180,000 home insurance claims.
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