ABI gives flood insurance pledge

14 November 2005
The Association of British Insurers (ABI) has pledged to make flood insurance more readily available to homeowners in high-risk areas.

The insurers have promised to make flood insurance available where "flood risk is adequately managed" - a move which could benefit 100,000 more owners whose homes are at risk from flooding.

ABI director general, Stephen Haddrill, said: "The insurance industry is committed to ensuring that flood insurance remains available to existing customers where flood defences will be in place within five years.

"This is good news for the millions of homeowners and businesses who rely on insurance for financial protection from the cost of flooding," he added.

The government has earmarked around 100,000 homes for increased flood protection over the next five years, meaning high risk areas such as North Yorkshire and Hampshire will benefit from increased protection.

A report by insurer More Than last week said up to 3.5 million homes could be at risk from flooding in the future.

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