Flood Re - planning for the future or postponing the inevitable?
Flood Re - planning for the future or postponing the inevitable?
On 14 May 2014, the Water Bill gained Royal Assent and became an Act of Parliament. The new piece of legislation lays the foundation for the Flood Reinsurance Scheme (‘Flood Re’) that the government together with the Association of British Insurers (‘ABI’) has devised to promote the availability and affordability of consumer flood insurance in the UK. This short comment addresses some of the key points related to the scheme. Although the Secretary of State is yet to make detailed provisions with regard to the structure and working of Flood Re, information can be derived to a certain extent from the Memorandum of Understanding (MoU) agreed by the government and the ABI in June 2013.
163-167
Hjalmarsson, Johanna
73a98539-9a14-4e63-bb53-5a7c365ad6e4
July 2014
Hjalmarsson, Johanna
73a98539-9a14-4e63-bb53-5a7c365ad6e4
Bek, Mateusz and Hjalmarsson, Johanna
(2014)
Flood Re - planning for the future or postponing the inevitable?
Environmental Law Review, 16 (3), .
(doi:10.1350/enlr.2014.16.3.215).
Abstract
On 14 May 2014, the Water Bill gained Royal Assent and became an Act of Parliament. The new piece of legislation lays the foundation for the Flood Reinsurance Scheme (‘Flood Re’) that the government together with the Association of British Insurers (‘ABI’) has devised to promote the availability and affordability of consumer flood insurance in the UK. This short comment addresses some of the key points related to the scheme. Although the Secretary of State is yet to make detailed provisions with regard to the structure and working of Flood Re, information can be derived to a certain extent from the Memorandum of Understanding (MoU) agreed by the government and the ABI in June 2013.
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Submitted date: 29 May 2014
Published date: July 2014
Organisations:
Southampton Law School
Identifiers
Local EPrints ID: 365293
URI: http://eprints.soton.ac.uk/id/eprint/365293
ISSN: 1461-4529
PURE UUID: 4354a4f8-b38b-456c-92fc-d13e7cf1450f
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Date deposited: 02 Jun 2014 11:25
Last modified: 15 Mar 2024 03:21
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Author:
Mateusz Bek
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