News

Guest blog: London Flood Awareness Week – how prepared are you for flooding in London?

Did you know that 1.3 million people are living and working in areas of the city at risk of tidal and river flooding? How about that around a third of London’s basement properties are at risk of flooding in a severe storm?

Flood Re announces reduction in reinsurance premium charges of up to £112

Scheme anticipates that households in flood-prone parts of the country will pay less for flood cover insurance from January 2019 Flood Re is today announcing it will reduce the reinsurance premiums it charges to insurers from 1 January 2019. The decision is

Flood Re sets out long term vision for affordable flood insurance for all households

Flood Re has today released its second transition plan – entitled ‘Flood Re, Our Vision: Preparing for a future of affordable flood insurance” – which outlines its latest thinking on moving to affordable risk-reflective pricing by 2039. The vision sets out 12

Flood Re pledges to reduce premiums in 2019

Flood Re has today announced that, for the first time, it will reduce the premiums it charges to insurers from the start of 2019. The Annual Report, which points to reviewing the premium, was published today and covers the period 1 April

Flood Re freezes premiums for the first time

 – Scheme anticipates that pricing changes will benefit consumers – Flood Re has today announced that, for the first time, it will not pass on to insurers the annual increase in premium thresholds. The statute that established the Scheme increases premium thresholds

Flood Re’s position on incentivising household action on flooding

“I have visited areas of the country that have flooded and have met with many homeowners who have suffered as a result. I am proud that Flood Re has enabled those living in these areas to access more affordable flood insurance. “While

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