The flood reinsurance scheme, Flood Re has delivered evidence to the inquiry into flooding being conducted by the Commons Environment, Farming and Rural Affairs Select Committee (EFRA). This written evidence details an eight-point plan to assist in a move towards an affordable risk reflect market for flood insurance.
The inquiry from the EFRA was initially launched in March and focuses on the Government’s approach to managing the risk of inland flooding in London. This expands on the inquiry concluded in 2019 which examined how the country was adapting to the impacts of coastal flooding and climate change. Flood Re’s eight-point plan aims to advance its long-term ‘Transition Plan’, which is looking to:
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