LibDems Want Subsidised Flooding Risk
RISK:
Liberal Democrats : Flood insurance must cover those at most risk - Webb
Commenting on the announcement that insurers have agreed to cover households with a flood risk of up to one-in-75 years, Liberal Democrat Shadow Environment Secretary, Steve Webb said:
“It is all very well making insurance available, but it must be affordable to people living in the most vulnerable homes.
And how is that going to work? What he actually means is that he wants people to pay less than the risk demands, do you think the insurance companies are going to subsidize the bad risks?
No. And, er, no…
July 15th, 2008 at 9:39 am
When are we going to get some politicians who understand how the world works ?
Or even just how insurance works, or how the stock market works, or how Politics works.
I am sure they are not all stupid. They just say things which make us think they are.