Simon Douglas, director of AA Insurance, is concerned that flood defence spending will not be maintained at current levels.
There is no doubt that Britain’s climate is changing and this is increasing the likelihood of future inundations similar to Tewkesbury and Cockermouth. Not only that, we are seeing increasing numbers of claims for flash floods in areas where there is no previous history of flooding.
This suggests that both spending on draining surface water at a local level is inadequate and that localised severe weather events are increasing in both frequency and severity.
It is vital that the insurance industry and the Government work together to tackle the growing risk of flooding especially as the Statement of Principle on flood insurance, between the Association of British Insurers and the Government, comes to an end in 2013.
My greatest fear is that inadequate spending on defence against very real and growing risk will affect home insurance premiums for everyone and could leave thousands of homes uninsurable and thus un-mortgageable in the future.