Ageas boss Smith encouraged by government flood stance

Barry Smith chief executive Ageas UK

Ageas chief executive Barry Smith has welcomed a government announcement suggesting that it is moving with the industry towards a levy type solution for residents and business owners in high risk flood areas.

Smith described the news as "a step in the right direction", but also urged that the momentum towards finding a long-term flood risk solution is not lost over the coming months.

"This will ensure that

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