United Kingdom

Flood Re

Passed in
Flood Re is a hybrid public private reinsurance scheme introduced by the UK Government in partnership with insurers aimed at making the flood cover part of household insurance policies more affordable. Every insurer that offers home insurance in the UK is required to pay into the Flood Re Scheme. Funds from this levy are then used to cover the flood risks in home insurance policies.

from the Grantham Research Institute
from the Grantham Research Institute
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