United Kingdom: Government agrees flood protection deal with insurers

Posted by BusinessGreen: None Given on June 27th, 2013
BusinessGreen: Hundreds of thousands of homeowners in areas at high risk of flooding will be able to insure their properties, after the government struck a deal with insurance companies just weeks before the current agreement was set to expire. The news of the long-awaited deal came as the government introduced its new Water Bill, which contains plans to increase competition in the water market and new measures to improve drought resilience, as well as proposals for a new national water network. Lengthy negotiations......

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