Home insurance set to rise if flood defence spend falters, says report
A CSC study has found that 91% of those surveyed believe home insurance will become "unaffordable" u...
A CSC study has found that 91% of those surveyed believe home insurance will become "unaffordable" unless the government increases its flood defence spending.
The study, which surveyed 200 UK insurance professionals on the future of general insurance, also revealed that 75% of respondents were concerned about new building plans.
They argued that premiums would have to rise for all homes at risk of flood, if the government agreed to develop new properties on flood plains.
Fierce price competition
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