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Floods: Insurance

Environment Food and Rural Affairs written question – answered on 10th July 2013.

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Photo of Anne McIntosh Anne McIntosh Chair, Environment, Food and Rural Affairs Committee

To ask the Secretary of State for Environment, Food and Rural Affairs when he expects his negotiations on flood insurance with the insurance industry to be concluded; and if he will make a statement.

Photo of Richard Benyon Richard Benyon The Parliamentary Under-Secretary of State for Environment, Food and Rural Affairs

On 27 June 2013 the Government announced a headline agreement with the insurance industry to guarantee affordable flood insurance for households in high-risk areas.

There are still a number of details to work through. We will continue to work closely with the industry to ensure people have access to flood insurance in the long-term. Once we have finalised our approach, legislation will need to be passed by Parliament and state aid clearance obtained from the European Commission.

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