Anorak News | LibDems Want Subsidised Flooding Risk

LibDems Want Subsidised Flooding Risk

by | 14th, July 2008


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…

Posted: 14th, July 2008 | In: Money, Politicians Comment (1) | TrackBack | Permalink