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Insurance Industry
C/B/864. 'The risk of flood within the UK is now virtually uninsurable'. Discuss the validity of this statement and comment on the possible reforms and alternatives that might have a bearing on the issue
- WORDS:
- 2100
- DATE:
- 2007
- PRICE:
- 29.99 GBP
The paper discusses the existing argument between the government and the insurance industry. It is explained that the government does not want to contribute sufficient funds to the defence against floods in the UK, and the insurance industry is paying very dearly for it. Therefore, unless some resolution is found, the insurance industry may decide not to provide flood cover in the future at all.
KEYWORDS: Insurance, flood, cover, ABI,
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