ABI calls for more action to reduce flooding

Commenting on the ABI's calls for more action to reduce flooding, Andy Leadbetter, head of home insurance at price comparison site moneysupermarket.com, said: "The report out today is another call for the Government to step up its efforts to reduce flood risk and this time the ABI is acting as town crier. It has been one full year since floods hit Britain and homeowners are already finding it difficult to find affordable and competitive insurance cover, especially if they have made a claim for flooding.

"DEFRA announced yesterday the Environment Agency will be responsible for all forms of flood risk management throughout the country. However, adequate funding to increase flood defences in high risk areas is essential, as without this insurers will have no choice but to hike premiums for vulnerable homeowners or even simply just wash their hands of them and stop insuring these areas altogether."