Aviva CEO warns of future uninsurable flood-risk housing
Aviva CEO Amanda Blanc stated that England is currently constructing homes that face a high probability of becoming uninsurable due to flood risks. The warning highlights a growing tension between housing development targets and climate-related risk assessments. Insurers are increasingly evaluating the long-term viability of properties located in flood-prone areas as environmental conditions shift. Monitor potential changes in government planning regulations or insurance industry underwriting standards for new residential developments.
Source: BBC Business
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