Laurence Robertson – 2015 Parliamentary Question to the Department for Environment, Food and Rural Affairs

The below Parliamentary question was asked by Laurence Robertson on 2015-10-09.

To ask the Secretary of State for Environment, Food and Rural Affairs, what progress her Department has made on introducing the Flood Re scheme.

Rory Stewart

Flood Re began its operational testing phase in July 2015. It will be a matter for the Flood Re Board itself, rather than the Secretary of State, to determine when the scheme is ready to accept policies once it is authorised by the Prudential Regulation Authority. We understand that Flood Re expects this to be in April 2016.

Insurers have agreed to continue to abide by the Statement of Principles which ensures continued access to flood insurance until Flood Re is fully operational