Written Question·Department for Environment, Food and Rural Affairs·UIN 12237

Floods: Insurance

Tabled: 31 October 2024

Answered: 5 November 2024

Named Day

Question

Steff Aquarone

To ask the Secretary of State for Environment, Food and Rural Affairs, what recent assessment he has made of the adequacy of (a) progress towards risk-reflective pricing for insurance in areas of high flood risk and (b) market readiness for the scheduled

Answer

Emma Hardy

Flood Re have a statutory purpose to manage the transition to risk-reflective pricing of flood insurance for household premises between 2016 and 2039. Flood Re published their most recent Transition Plan in July 2023, outlining its progress and action on ...

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