Defra and ABI had 60 meetings in Flood Re countdown
The Department for Environment, Food & Rural Affairs (Defra) has had 60 meetings with the Association of British Insurers (ABI) to discuss the future of flood insurance since January 2012.
A Freedom of Information Request by Insurance Age found that Defra and the ABI were averaging at least three meetings a month in London during the 18 months in the lead-up to announcing Flood Re, the replacement to the Statement of Principles (SoP).
In particular, ahead of announcing the Flood Re Memorandum of Understanding (MoU) last month, the ABI and Defra had five meetings alone during the first half of the month, on June 5, 7, 10, 13 and 18.
Flood Re was announced on June 27. In the run-up
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