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Flood Control: Finance

Question for Department for Environment, Food and Rural Affairs

UIN HL4303, tabled on 7 December 2015

To ask Her Majesty’s Government what recent discussions they have had with the insurance sector about financing flood defences.

Answered on

16 December 2015

The Secretary of State and Floods Minister have met recently with the Association of British Insurers to discuss how people could be incentivised to take action to manage their flood risk and the role the insurance industry can play. In addition to this, Flood Re will develop its plans in relation to incentivising resilience and will provide information on how those whose policies are ceded to the Scheme can access information about their flood risk and how to manage it.