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 and served 11.5 million policyholders, generating over 16.4 billion Euros in premiums in 2016.  

Covéa Insurance handles the insurance needs of 1.5 million policyholders; delivering financial reassurance through its Standard & Poor’s A+ stable rating, as a guaranteed subsidiary of Covéa. 

The company offers motor, household, protection, mid and high net worth insurance and a range of commercial insurance products, designed to meet the needs of most individuals and businesses. Employing over 1500 people, Covéa Insurance has a strong people and service ethos, having Investors In People Gold accreditation and featuring in the 2015 and 2016 Sunday Times Top 100 Mid-sized Best Companies to Work For. It also has World Class service accreditation from the Institute of Customer Service for its Motor Claims, Home Claims and Underwriting Services teams as well as Chartered Insurer status for its Commercial and Mid/High Net Worth business.

In January 2016, Sterling Insurance Company Limited became a fully integrated part of Covea Insurance Plc, following a Part VII transfer under the Financial Services and Markets Act.