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News - ABI renews pressure over flood spending.
(From Post Magazine)
The Association of British Insurers has stepped up its lobbying in an effort to convince the Treasury not to cut spending on flood defences in its review, set to be published later this summer.
Last week, the ABI's director general Mary Francis wrote to the government expressing concerns that any cutbacks could lead to insurance companies withdrawing flood cover for at-risk homes.
The ABI is worried that the government, which has earmarked GBP564m for flood defences in 2005/06, may not only revise its spending plans for future years but may also ask the Department for Environment, Food and Rural Affairs ...
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