Storms and heavy rain pushed up weather-related home insurance claims in the UK by more than a third last year to a record £573m, according to industry data. The repair bill for storm damage and other extreme weather during 2023 was £150m more than in 2022, the Association of British Insurers said, contributing to an […]
Gloucestershire Wildlife Trust has partnered with More Than Insurance on a project focused on investment for flood management solutions. The programme includes the installation of green verges and attenuation ponds to reduce rain water peak flow and therefore risk of flooding. The programme will showcase ways to address flooding triggers in Gloucester and Cheltenham at […]
A new report by Policy Connect for the Westminster Sustainable Business Forum calls for changes to the insurance industry to accelerate deployment of flood resilience measures and combat the climate crisis. Since 2013, more than 10% of all new homes in England have consistently been built on land at risk of flooding (flood zones 2 […]
Flood Re consultation Amendments to the Flood Re scheme Defra ‘We received 118 responses to this consultation from a wide range of stakeholders. The government will now implement technical changes to improve the efficiency and effectiveness of the Flood Re scheme. The government supports the proposals for discounted premiums and build back better. It will […]
NAO This report evaluates whether government’s approach to managing the risks of flooding and coastal erosion is achieving value for money. Background to the report Flooding and coastal erosion put lives, livelihoods and people’s well-being at risk. The Environment Agency (EA) estimates that 5.2 million homes and businesses in England are at risk of flooding […]
New research by the World Resources Institute and published in the Guardian finds 147 million will be hit by floods by the end of the decade, ‘the numbers will be catastrophic’. The number of people harmed by floods will double worldwide by 2030, according to a new analysis. The World Resources Institute, a global research group, found […]
Flood insurance review 2020: Blanc review An independent review following reports that many of those affected by the November 2019 flooding did not have insurance cover. The independent review into flood insurance announced following the November 2019 flooding in the north of England will be led by the former chair of the Association of British Insurers, Amanda […]
Climate change could make insurance too expensive! Insurers are warning that their products could become unaffordable for ordinary people, as the world’s biggest reinsurance firm puts the blame for the £18bn bill it faces from the California wildfires firmly on global warming. Munich Re’s chief climatologist (yes, they do employ one of them) told the […]