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Editor's comment: Not so jolly holidays for insurers

Stephanie Denton

So school is out for summer and, as children and MPs bask in the knowledge that there is no homework until September, insurers have been left hanging until term starts up again.

Despite the high hopes of the industry, the government failed to release details of the flood risk model that will replace the Statement of Principles before breaking up.

The clock is now ticking down

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