News

FLOOD RE WELCOMES S&P RATINGS UPGRADE AND RECOGNITION THAT THE SCHEME HAS “SUCCESSFULLY SURPASSED THE CRITICAL START-UP PHASE”

Flood Re welcomes today’s announcement from ratings agency Standard & Poor’s (S&P) that it has upgraded Flood Re’s credit rating to A (Stable) from A- (Stable). In its latest research update, S&P noted that Flood Re’s successful management of claims throughout the

Enhancing the evidence base for property flood resilience

Installing the right combination of flood resilience measures at reinstatement could be more cost-beneficial than previously thought. The pilot study reviewed in detail a sample of 702 home insurance claims for flooding from two insurers over the years 2013 – 2019i to

FLOOD RE WELCOMES GOVERNMENT INVESTMENT IN FLOOD RESILIENCE AND CHANGES TO THE SCHEME

Flood Re welcomes today’s announcement of the Government’s plans to invest in the country’s ability to tackle the risks of flooding and coastal erosion. The measures laid out in the proposals, including the investment of £5.2 billion to create around 2,000 new

FLOOD RE URGES A ‘BUILD BACK BETTER’ RECOVERY AFTER UNPRECEDENTED YEAR

This year, Flood Re processed more claims and paid out more than in the first three years of operation combined. In 2019/20, Flood Re incurred claims at a gross cost of £160m – ten times higher than the previous year. After three

Flood Re helps Yorkshire residents access more affordable home insurance

In light of the recent flooding across Yorkshire, Flood Re, the not-for-profit, joint initiative between government and the insurance industry, is today launching a local campaign. The campaign seeks to raise awareness that – thanks to the Scheme – those living in

Flood Re reveals numbers of households in Birmingham benefitting from cheaper home insurance

Flood Re, the not-for-profit, joint initiative created by the Government and the insurance industry, has today released data for the first time on the number of homeowners benefitting from the Scheme in flood-prone areas across the UK. The Flood Re Scheme helps

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