TITLE

Provisional agreement reached on high-risk flood insurance

PUB. DATE
August 2013
SOURCE
ENDS (Environmental Data Services);Aug2013, Issue 462, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the provisional agreement entered into by the British Department for Environment, Food and Rural Affairs (DEFRA) with the Association of British Insurers (ABI) concerning high-risk flood insurance. DEFRA reportedly agreed to an annual budget of 370 million British pounds for flood defences starting 2015. The agreement proposes an industrial levy per insured household worth 10 British pound. DEFRA is also expecting European Commission approval on the flood insurance deal.
ACCESSION #
89714173

 

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