New UK homes in flood-risk areas could become uninsurable, says Aviva boss

Britain’s largest insurer warns that new homes constructed in flood-prone zones may soon face uninsurability as climate risks rise. The company’s CEO highlights a growing threat from flooding, urging government action to address long-term vulnerabilities before budget decisions are finalized. Concerns are raised over potential delays in policy responses, with insurability becoming a key financial and housing issue. The statement underscores the need for proactive measures to mitigate future flood-related risks.

Amanda Blanc says flooding threat is ‘absolutely increasing’, as she also warns ministers over ‘kite flying’ before budgetBusiness live – latest updatesThe boss of Britain’s biggest insurer has said 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”. Continue reading...