Flood Insurance: Reform of Flood Re

Debate between David Simmonds and Emma Hardy

Wednesday 1st July 2026 Commons Chamber

[Emma Hardy]

I pay tribute to my hon. Friend, because before he was elected as a Member of Parliament, he was running part of the Living With Water project in my constituency, which looked at bringing together the Environment Agency, Yorkshire Water and the council to create more sustainable urban drainage to improve resilience to flooding. He played a tremendous role and has made a real difference to many people’s lives. I share his delight that Flood Re is more than halving the premiums it charges insurers for contents-only insurance for the 45% of homes in council tax bands A and B to £25 a year. That will make a real difference to people’s lives, making insurance more affordable for everybody.

[David Simmonds (Ruislip, Northwood and Pinner) (Con)]

I commend my hon. Friend the Member for Bridgwater (Sir Ashley Fox) on his clear response to this statement. My constituents in Brook Drive, Ruislip and all across the floodplain of the River Pinn are very interested in this issue, so I will ask the Minister two questions. In a borough where a tiny fraction of properties are in bands A and B, there is a risk that this change means that the cost of insurance will no longer be priced based upon the risk incurred at that property, but upon its council tax band. That risks shifting the provision from being a premium to simply being a tax based on the value of a property, which clearly would not be welcome and was not the original basis of Flood Re. Can she give the House a clear assurance that the claims experience data gathered by Flood Re will then be used by colleagues across Government to feed into such things as planning regulations, so that flood resilience can be built in to homes in the future?

[Emma Hardy]

The original purpose of Flood Re was to make flood insurance affordable for people who otherwise would not be able to access affordable insurance on the free market. This is not new policy, but returning Flood Re to the purpose for which it was created.