Analysis

UK government’s housing expansion plans has industry nervous for flood risk impact

By 2025-02-26T08:00:00

flood house safety float

Recent storms coupled with the Labour government’s plan to build 1.5 million homes by the next parliament – a target set by prime minister Keir Starmer in October 2023 – gives the insurance industry pause for thought around balancing flood risk management, property insurance and demand for housing

The UK general insurance sector has long sought to keep its finger on the pulse of flood risk management as global warming induced weather events continue to increase the frequency and severity of British storm events.

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