Why are we supporting the ABI Flood Free Homes campaign?

On 20th January the ABI launched its Flood Free Homes campaign with a simple goal – for no home to be at high risk of flooding by 2025. The ABI aims to engage with all current and future parliamentarians to gain cross party support for long term solutions to manage all types of flood risk.

To achieve their aim, the ABI want all parties to agree to three measures; investing £1 billion per year to be spent on managing flood risk by 2025, adopting a zero tolerance approach to inappropriate developments in areas at high risk of flooding and agreeing to a cross-party consensus on long term plans to manage all types of flood risk.

The campaign has already gained widespread support with a number of local MP’s and companies publicly backing the ABI.

Adrian Furness, Claims Director of Covéa Insurance outlined why it is so important to support the ABI:

“The current under-investment in flood defences is of great concern. Having dealt with thousands of customer flood claims we have seen at close quarters the disruption and emotional distress such an event causes to householders, the effects of which can last several months. To negate or mitigate impact through adequate maintenance and investment in infrastructure and upkeep of flood defences could save needless distress for thousands of householders. We are fully supportive of the Flood Free Homes campaign which focuses attention on this important issue.”

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About Covéa Insurance

Covea Insurance Plc is the UK underwriting business of leading French mutual insurance group Covéa, who are number 1 for property and liability insurance in France, generating over 16.6 billion Euros in premiums in 2020.   

Covéa Insurance looks after the insurance needs of over 2 million policyholders; delivering financial reassurance through its Standard & Poor’s ‘AA- stable’ rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, pet, mid and high net worth insurance and a range of commercial insurance products, through a range of distribution channels.

Employing over 1900 people, Covéa Insurance has a strong people and service ethos.  It holds ServiceMark accreditation with Distinction for its Personal Lines operation and its Commercial & HNW Claims teams, as well as Chartered Insurer status for its Commercial business.  Covéa Insurance is signatory to the HM Treasury Women in Finance Charter and the insurance Inclusivity Pledge and has been named one of the top 75 employers in West Yorkshire & the Humber.

Recently, Covéa Insurance won the General Insurer of the Year award at the British Insurance Awards 2021. It was named as the Best Place to Work in Digital (Large Organisations) at the Digital Technology Leaders Awards and as the Best Employer at the Yorkshire Financial Awards.  They were also recipients of the Best Insurer title at the British Claims Awards, High Net Worth Product of the Year Award at the Insurance Times Awards, the Staff Empowerment Award at the Diversity & Inclusion in Insurance Awards.