ABI urges Govt to improve flood defences

clock •

The Government must set out a long-term flood defence programme, says the Association of British Insurers (ABI).

The ABI has written to Hilary Benn, Secretary of State for Environment, Flood and Rural, recommending the Government spends £8bn over 25 years on east coast defences. Stephen Haddrill, director general of the ABI, says the Government must not spend money “piecemeal in a constant effort to keep pace with changing flood risks”. He says a long term strategy would enable the Environmental Agency to spend more efficiently by planning and commissioning work with fewer overhead costs than at present. He highlights the National Audit Office’s recommendation that the Government spend further...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

FCA: Pure Protection Market Study does not give industry 'a clean bill of health'

FCA: Pure Protection Market Study does not give industry 'a clean bill of health'

Firms must still demonstrate fair value

Jaskeet Briah
clock 11 November 2026 • 2 min read
Budget 26: The protection and health impact

Budget 26: The protection and health impact

Protection industry reflects on missed opportunities

Cameron Roberts
clock 30 October 2026 • 5 min read
Is failing to protect a client's income an oversight or neglect?

Is failing to protect a client's income an oversight or neglect?

What happens to your financial plan if your ability to earn reduces or stops?

Kevin Carr
clock 29 October 2026 • 3 min read