Warning more homes will be uninsurable due to flood risk
Summary
Amanda Blanc, head of the insurance company Aviva, said many new homes in England are being built in areas prone to flooding. She warned that these homes may become impossible to insure as flood risks rise due to climate change and extreme weather.Key Facts
- Amanda Blanc said 115,000 new homes will be built in flood risk zones in the next 10 years in England.
- Around 6.3 million homes and businesses in England are at risk of flooding.
- Aviva found that 1 in 9 homes built between 2022 and 2024 face medium to high flood risk.
- Nearly one-third of homes built in 2024 could be partially flooded by 2050.
- Flooding risks are increasing because of climate change, making severe floods more frequent.
- Building homes in known flood areas raises the chance they will be uninsurable in the future.
- Aviva wants careful planning and better building methods near flood zones to reduce risks.
- Amanda Blanc also discussed pension withdrawals and Aviva’s plans to invest in UK infrastructure.
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