ABI and Flood Re urge long-term flood defence investment
The Association of British Insurers and Flood Re have both called on the government to commit £1bn of investment every year for flood defences after the industry made record payouts for weather-related claims in 2024.
Research by Fathom, commissioned by Flood Re suggests flood defences can save households alone £1.15bn by mitigating damage each year, and previous research reveals says for every £1 spent on flood
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