..the internet gateway for the dales Book icon

Yorkshire Dales Country News

Archive:2006 ] [ 2005 ] [ 2004 ] [ 2003 ] [ 2002 ] [ 2001 ] [ Have your say ]

Floods: insurers get tough with Government

[Tuesday 21 August 2007]

LEADERS of the British insurance industry, dismayed at the lack of preparation against this summer's disastrous floods, are warning the Government to spend more on flood defences - or they will consider withdrawing insurance cover for home owners and businesses in threatened areas.

Unlike most European country's, says the Association of British Insurers (ABI), most flood damage is paid for mainly by private companies. In continental Europe, governments pick up the largest slice of the bill.

But in a sinister warning, the ABI says it might reconsider this arrangement unless the Environment Agency spends much more on flood defences and might, in future, refuse to cover developments built on flood plains.

These stark threats are also thought to reflect the fury of the insurance industry at the Government's penny pinching towards compensation for this year's floods, which are estimated to cost at least £3 billion and perhaps much more when the final bills come in. So far, the Government has offered a measly £15 million.

This news will make grim reading for hundreds of Yorkshire home-owners who have been devastated by flood water in the past three months, ranging from Filey to Sheffield. Many Yorkshire Dales rivers regularly flood and to have insurance cover refused would be a nightmare for home owners at risk.

What do you think? Send us your views using the form below.



Disclaimer: Daelnet will endeavour to put up as many of your views as possible. However, we cannot guarantee that all e-mails will be published. We reserve the right to edit any views that are published for legal or editorial reasons. Further, your details will not be used for any other services.

  • Daelnet RSS
Daelnet RSS

Have the latest Yorkshire Dales News delivered to your desktop. Find out more...

  • A look back at the week

Our look back at the past week's Yorkshire Dales News ensures you'll never miss a thing!

Have you got a local news story from your part of the Yorkshire Dales?
Perhaps you have a community event or fundraiser you would like promoting.
Email the Daelnet newsdesk:

Home  |  News  |  Daelnet Directory  |  What's New  |  Features  |  Gallery  |  Local Info  |  Books & Maps  |  Contact Us  |  Services
Burton, West - The fortified farmstead (Old English). The 'West' was added to distinguish it from the other Burton 9 miles away.    more  places »
Your Privacy  
Copyright 1995-2013 - Dales.Net