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Marsh's new 'Flood Mu' model tipped as likely SoP replacement

Marsh chief executive Mark Weil

A mutualised solution to flood risk has been tipped as the new favourite to replace the Statement of Principles this summer, however a free market could be introduced while legislation is drawn up ahead of the model’s launch.

The 'Flood Mu' model was unveiled by Marsh chief executive Mark Weil at an Environment, Food and Rural Affairs Committee meeting yesterday afternoon, where other major players in the flood debate from

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