Aviva boss warns new homes may become uninsurable

Summarised from 2 outlets · Updated 29 Sept, 11:37 · Archive

Aviva's chief executive warns homes being built in flood-risk areas could become uninsurable.

Amanda Blanc, chief executive of Aviva, Britain's biggest insurer, has warned that homes currently being built in flood-risk areas could become uninsurable in future. She said the flooding threat was 'absolutely increasing'. The Guardian reports that 115,000 homes will be built in flood zones over the next decade if current construction patterns continue.

How it is being reported

• New UK homes in flood-risk areas could become uninsurable, says Aviva bossAmanda Blanc says flooding threat is ‘absolutely increasing’, as she also warns ministers over ‘kite flying’ before budget Business live – latest updates The boss of Britain’s biggest insurer has warned that homes being built now could become uninsurable in the future because they are sited in flood-risk areas. Amanda Blanc, the chief executive of Aviva, said the flooding threat was “absolutely increasing”. Assuming current construction patterns continue, 115,000 homes will be built in flood zones in the next decade. Continue reading...Guardian Business · 29 Sept, 10:28
• Warning more homes will be uninsurable due to flood riskAviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.BBC Business · 29 Sept, 00:10

In this story: Amanda Blanc · Aviva · England

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