Statement of Principles
Contrary to the Statement of Principles insurance companies are refusing renewals, hiking up premiums and excesses, not passing on policies to new buyers and generally not being cooperative. Come 2013, unless the government does something about it, things will only get worse. Click the image on the right to view a copy of the last revision to the statement.
At the Northern Flood Group conference in May one of the speakers was David Crichton. He suggested that the EU Solvency II Directive, coming into force January 2013, might also have an effect on insurance premiums for properties at high risk of flooding. We are looking into this matter further, the ABI have told us it will not.