Insurers welcome Flood Re but call for clarity over liability
Insurers’ agreement to the terms of the Statement of Principles for another two years will provide the Association of British Insurers and government enough time to resolve outstanding issues around the implementation of Flood Re, according to the trade body.
Questions have been raised over the details of the scheme after a memorandum of understanding between the ABI and government was revealed.
One major sticking point concerning the Flood Re deal relates
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