The Association of British Insurers (ABI) welcomes today’s 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.”
Notes for Editors
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