Lamport Bassitt Solicitors - Legal News - Flood insurance strategy 'should be backed by government investment'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Flood insurance strategy 'should be backed by government investment' The Association of British Insurers (ABI) has stated that the government must invest in flood defences as a means of preventing climate change-related risks. Nick Starling, ABI director of general insurance and health, spoke at the Local Government Flood Forum about the need to earmark funds in this area. "Cutting back on investment in flood defences would be a false economy in these tough times," he said. This is because damage done to schools and hospitals can cost billions to fix and leave an eye-watering insurance bill. Mr Starling also claimed: "We all want flood insurance to continue to be widely available and competitively priced into the future." The representative added that the only way this is achievable is if the government allocates funds and a management strategy for improving defences. Previously, the ABI noted that the summer months result in a higher than average spate of burglaries, meaning homeowners should take precautions to secure property - whatever the weather. Posted by James Walsh Related Articles: 24/12/2010 - Older drivers 'safest in poor weather' 17/12/2010 - HSE launches web tool for risk assessments 5/10/2010 - New asbestos ruling over mesothelioma disease 20/9/2010 - Theft affects one in eight students yearly 16/9/2010 - Students being 'careless with money' More Insurance Law News