Flood Re opens for business with £2.1bn cover
The scheme, which aims to spread the cost of flood damage by imposing a £180m levy on the insurance industry, is now accepting policies from insurers.
April 5, 2016
350,000 households in high flood risk areas now have access to affordable flood insurance, as Flood Re officially opened for business yesterday following the final green light from the Prudential Regulatory Authority (PRA).
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