Flood insurance — properties all at sea

With the Environment Agency estimating that approximately 5.2 million properties are at risk from flooding, the continuing need for affordable flood insurance is beyond debate. Insurers have resisted funding the contingency for high-risk properties, which has resulted in governmental persuasion through a series of pooling agreements with the ABI.

This is especially relevant in a precarious property market where a lack of flood insurance will mean no mortgage offer. The latest proposed reinsurance pooling agreement with the ABI (Flood Re) will only cover some residential properties from July 2015. 

The hope is that insurers will, independently of Flood Re, decide to underwrite the flood risk for commercial properties, higher-value residential properties and properties built post-2009…

If you are registered and logged in to the site, click on the link below to read the rest of the Mills & Reeve briefing. If not, please register or sign in with your details below.  

 

 

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Overview

Fountain House
130 Fenchurch Street
London
EC3M 5DJ
UK

Turnover (£m): 79.50
No. of lawyers: 367