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Properties located in areas identified as being at risk of flooding by new 'flood maps' could lose value or find it difficult to obtain flood insurance, the chair of the Flood Protection Association has said. 19 Nov 2013
Individual insurance firms could be given quotas of properties in areas of high flood risk that they must insure in the event that a levy-funded reinsurance pool for high risk households fails, according to a recently-published consultation on new draft legislation.... 10 Sep 2013
This guide is based on UK law. It was last updated on 1st April 2008. On 10th December 2007, a series of statutory instruments completed the implementation of the Reinsurance Directive into UK law....
The Government's own assessment of a new cost-effective flood insurance scheme shows that it is poor value for money and could breach EU state aid rules, a report in the Daily Telegraph has claimed. 29 Aug 2013
FOCUS: The insurance industry is increasingly turning to industry loss warranties (ILWs) to cover losses caused by catastrophic events, but it is important to recognise that their terms must be carefully considered at the outset if companies are to avoid unforeseen... 28 May 2013
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