Insurers Say UK Needs Additional £500 Million for Flood Defences

Just 2 weeks after the Lib Dems called for increased spending on flood control in the UK, earlier this week was the turn of the insurance industry.

The Association of British Insurers (ABI) along with other interest groups including the National Farmers’ Union, Friends of the Earth, and the National Flood Forum, wrote to UK chancellor George Osborne, calling for an additional £500 million government spending on flood defence projects around the UK.

The UK suffered severe floods during the winter of 2013 to 2014. Much of the flood defence budget was used up by repairs to damaged infrastructure rather than on new mitigation projects.

floods on somerset levels 2014
Flooded fields of the Somerset Levels, February 2014. Photo: Number10gov / Flickr

Director General of the Association of British Insurers, Otto Thoresen, told the Financial Times, “More must be done to address and prevent flooding in the first place. This means a consistent, adequate investment in flood defences and risk management.”

Pumps were used to combat flooding on the Somerset Levels, 2014. Photo: Number10gov / Flickr
Pumps were used to combat flooding on the Somerset Levels, 2014. Photo: Number10gov / Flickr