How the UK is keeping flood insurance affordable – until 2039

By Meilan Yan, Senior Lecturer in Financial Economics, Loughborough University
Dalu Zhang, Lecturer in Finance, University of Leicester
Neil Gunn, Visiting Professor of Practice of Engineering, Newcastle University

While floods are becoming more frequent in recent years, you should still be able to buy reasonably priced home insurance. That reassurance exists largely because of Flood Re. Launched in 2016, Flood Re is a national public–private reinsurance scheme that prevents many properties from being priced out of cover.

But the Flood Re scheme is a temporary fix that’s due to end in 2039, on the assumption that flood risk will fall and the market can move back towards more risk-reflective pricing. As financial experts, we’re worried that…

Read complete article

~	Six Years of Denied Justice in Hanau

~	Matt Goodwin is wrong about whiteness and Englishness – but here’s why he has struck a chord with some voters

~	The virus nearly everyone has and its possible role in MS

~	How Wuthering Heights was shaped by Emily Brontë’s gothic poetry

~	Fish use more energy to stay still than previously thought

~	Five ways that AI could be reshaping your relationship with money

~	South Africa is sending in the army to fight crime (again). Does it ever work?

~	Grattan on Friday: Can Angus Taylor get beyond slogans to craft a sound immigration policy?

~	South Korea: Life sentence for Ex-President Yoon a significant step towards accountability

~	Trinidadian Nationals Face Escalating Abuse in Syrian Camp