ABI: Flood and water management bills must stem the tide, says the ABI

Tuesday, 21 April 2009 12:00 AM

Commenting on today's publication of the draft Flood and Water Management Bill, Stephen Haddrill, the ABI's Director General, said:

"This draft Bill is an essential step in implementing the Pitt report and in making homeowners in England and Wales safer against flooding. The ABI urges all political parties to reach a rapid consensus on the Bill so that it can be introduced and brought into law as quickly as possible. We look forward to the second key step: the publication of a long-term funding strategy. Both are essential elements in insurers' deal with the Government that they will continue to provide flood insurance to homes at risk."

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Notes for Editors

1. Enquiries to:
Jonathan French 020 7216 7392 (Mobile: 07958 330 480)
Malcolm Tarling 020 7216 7410 (Mobile: 07776 147 667)
Erfan Hussain 020 7216 7411 (Mobile: 07712 841 184)
Kelly Ostler-Coyle 020 7216 7415 (Mobile: 07968 364 302)

2. The ABI is the voice of the insurance and investment industry. Its members constitute over 90 per cent of the insurance market in the UK and 20 per cent across the EU. They control assets equivalent to a quarter of the UK's capital. They are the risk managers of the UK's economy and society. Through the ABI their voice is heard in Government and in public debate on insurance, savings and investment matters.

3. An ISDN line is available for broadcasts.

4. More news and information from the ABI is available on our web site, www.abi.org.uk.

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