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Floods: Insurance

Department for Environment, Food and Rural Affairs written question – answered on 4th May 2020.

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Photo of Craig Whittaker Craig Whittaker Assistant Whip

To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the potential effect of the build back better Flood Re scheme on insurers' ability to make more homes resilient to future flooding.

Photo of Rebecca Pow Rebecca Pow The Parliamentary Under-Secretary of State for Environment, Food and Rural Affairs

We are considering the implications of all the proposals made by Flood Re as part of their July 2019 Quinquennial Review report. This includes the proposal that Flood Re be permitted to pay insurers over and above the cost of flood damage for a property to allow insurers to make it more resilient to future flooding (Build Back Better). We will respond formally to the report in due course.

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