Flood Re cap will not limit scheme's ability to pay out, claims ABI
The Association of British Insurers has criticised ratings agency Moody's for its report on the regulatory arrangements for Flood Re saying its £100m cap will have no impact on the scheme's ability to pay flood claims to insurers.
The Moody's report, released on Monday (28 July), said the cap would be credit negative for UK property and casualty insurers as it risks preventing the scheme from making sufficient payments to
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