Flood insurance measures welcomed

The CLA has said the Water Bill offers a solution to the issue of providing flood insurance in high-risk areas

Flooding in Rothbury
Flooding in Rothbury

The CLA has said the Water Bill offers a solution to the issue of providing flood insurance in high-risk areas.

CLA President Harry Cotterell, said: “We welcome the inclusion of measures in the Water Bill announced to ensure that flood insurance remains affordable in high-risk areas including those in the countryside.

“This will be of great benefit to landowners struggling with the horrendous implications of flood risk. The new agreement with insurance companies would cap flood insurance premiums, linking them to council tax bands so that people will know the maximum they will have to pay.”

“The Bill contains a regulatory backstop giving the Government legal powers to regulate the insurance industry. This should keep insurance premiums affordable.

“A new industry-backed levy, known as Flood Re, will enable insurance companies to cover those at most risk of flooding. All UK household insurers will have to pay into this pool, creating a fund that can be used to pay claims for people in high-risk homes.”

Mr Cotterell also welcomed proposals in the Bill to streamline and potentially cut red tape from the licensing regimes for abstraction and impounding of water, for fish pass approvals and for flood defence consents.

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