General Insurance Article - ABI on the Independent Review of Doncaster Flood Insurance


The Association of British Insurers (ABI) welcomes the publication of the independent review into flood insurance following last November’s flooding in parts of south Yorkshire.

 Commenting on ‘The Independent Review of Flood Insurance in Doncaster’, James Dalton, ABI’s Director of General Insurance Policy, said: "Amanda Blanc has undertaken a detailed analysis of the availability and affordability of insurance following the devasting flooding that hit Yorkshire in late 2019. The insurance industry welcomes the recommendations in her report on what more can be done to ensure our flood risk communities have the flood insurance protection that they need. We are committed to working together with the community, Government, the British Insurance Brokers’ Association and Flood Re to implement these recommendations in full.

 “Being on the front line helping their customers after a flood, insurers appreciate the devastating impact flooding can have on households and businesses, and the worry this brings to those at high flood risk. Insurers responded quickly to the flooding in south Yorkshire last November, dealing with over 4,000 claims and making payments of nearly £150 million to help people recover. They continue to do everything possible to ensure any outstanding claims are resolved.

 “The industry learns important lessons from every flood event, to ensure the best possible support for those affected. And we continue to raise public awareness of the widespread availability of affordable flood insurance cover resulting from the Government and insurance industry establishing Flood Re in 2016, which has so far helped over 300,000 flood risk property owners.”

Back to Index


Similar News to this Story

A path to stronger cyber resilience
As a new report from the ABI and PwC UK highlights how cyber insurance can further strengthen the UK's resilience to cyber risk, the ABI has also
Airport anxiety searches up 250% what to check before flying
More than a quarter of Brits have already changed their holiday plans this year, but for the millions travelling this bank holiday knowing what your t
7 in 10 insurance flood claims linked to flash flooding
As the U.K. experiences another cycle of extreme heat during the summer months, and with sudden thunderstorms and heavy rainfall remaining a seasonal

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.