By: 30 October 2024
Flood Re engages MPs in educational campaign on flood resilience 

Flood Re recently hosted an educational event at the Houses of Parliament, attended by more than 50 MPs.  

The event aimed to inform lawmakers about flood resilience initiatives, including the Build Back Better programme and property-level flood protection measures. 

The session, held in conjunction with the Environment Agency’s Flood Action Week, attracted newly elected MPs following the July general election, highlighting a strong parliamentary interest in addressing the UK’s flood risks.  

Flood Re’s interim CEO, Stuart Logue, was joined by Julie Foley, the Environment Agency’s director of flood risk strategy and national adaptation, and Chris Rumsey, head of public affairs at the Association of British Insurers, to answer MPs’ questions and discuss the benefits of the Flood Re insurance scheme. 

Flood Re’s Head of Communications, Kelly Ostler-Coyle, noted the event’s success and underscored the importance of legislative engagement as Flood Re prepares to exit the market by 2039, at which point flood insurance will shift to a risk-reflective pricing model.  

“Ensuring MPs understand the Flood Re scheme and the importance of flood resilience measures is crucial,” Ostler-Coyle stated, adding that MPs play a key role in advocating for local flood defence investments and promoting awareness of flood risks within their communities. 

Flood Re, established in 2016 to support affordable flood insurance access across the UK, reports that approximately 500,000 homes have benefited from the scheme, with premiums significantly reduced for households at risk of flooding. The initiative aims to ensure continued access to flood insurance after its planned market exit, guided by a Transition Plan updated every five years to address the evolving flood risk landscape. 

Image: © Philip Openshaw via Canva 
Josie Geistfeld
Josie is an editor for Claims Media. She welcomes feedback, comments, and opinion at josie.geistfeld@barkerbrooks.co.uk