ABI welcomes Government plans for a flood and water bill

ABI welcomes Government plans for a flood and water bill

ABI welcomes Government plans for a flood and water bill

Today’s announcement in the draft Queen’s Speech that the Government plans to consult on a draft floods and water bill, following publication of the Pitt Review into last summer’s floods, shows that the Government is recognising the scale of what needs to be done says the ABI (Association of British Insurers).

Stephen Haddrill, the ABI’s Director General, said:

“We are pleased that the Government has agreed with our view that legislation is needed to tackle flooding. The ABI looks for a long-term flood management strategy, with an investment programme to match the risk of flooding from rivers, coasts and drainage.

“This is needed urgently. The future availability and affordability of flood insurance depends on the adequate management of the growing flood risk.”

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Notes for Editors

1. Enquiries to:
Jonathan French 020 7216 7392 (Mobile: 07958 330 480)
Malcolm Tarling 020 7216 7410 (Mobile: 07776 147 667)
Erfan Hussain 020 7216 7411 (Mobile: 07712 841 184)
Kelly Ostler-Coyle 020 7216 7415 (Mobile: 07968 364 302)

2. The ABI is the trade association for Britain’s insurance industry. Its nearly 400 member companies provide over 94% of the insurance business in the UK. It represents insurance companies to the Government, and to the regulatory and other agencies, and is an influential voice on public policy and financial services issues. ABI member companies hold up to a sixth of all investments traded on the London Stock Exchange, on behalf of millions of pensioners and savers.

3. An ISDN line is available for broadcasts.

Copies of all ABI news releases, together with other information from the Association, can be seen on our website http://www.abi.org.uk