Property Claims 2013: Industry gives its backing to Flood Re model
A panel has backed the Association of British Insurers’ Flood Re scheme to replace the Statement of Principles, while warning that a return to an open market situation remains a possibility.
Panellist Steve Foulsham, head of technical services at the British Insurance Brokers’ Association, told delegates: “We all want to see a market solution and I believe Flood Re will happen. But we
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