Steve Reed

Steve Reed

Labour (Co-op) — Streatham and Croydon North

Speaking in the House of Commons on 25 November 2024

Debate

Storm Bert

Contribution

As I have indicated, the Minister for water, my hon. Friend the hon. Member for Kingston upon Hull West and Haltemprice (Emma Hardy), has already chaired a roundtable with insurance providers, including Flood Re, to look at what more can be done to provide support. As things stand, 99% of the most high-risk households can get quotes from over 15 insurance providers, and four out of five homeowners with claims have seen a 50% reduction in their insurance premiums. We are looking at what more can be done for businesses through the British Insurance Brokers’ Association.

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