Storm Bert: National Preparedness
Debate between Earl of Kinnoull and Baroness Hayman of Ullock(3 weeks, 4 days ago)
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The Earl of Kinnoull (CB)
My Lords, will Flood Re, which the Minister knows all about, be included in the review? Quite a lot of claims must have been made to Flood Re following recent events, and certainly some risks were not covered by Flood Re because of its rules. Considering the Flood Re rules again in the light of this disaster may well be a good thing.
Baroness Hayman of Ullock (Lab)
Flood Re has been running for a number of years, and I am sure the noble Earl and other noble Lords are aware of the exceptions to what can be put forward to it—for example, multiple-occupation buildings. My understanding is that it is being reviewed, because it is available only up to a certain date and we have reached the stage where it will be looked at. The other issue is that businesses are not covered either. It is important that we continue to monitor and review its effectiveness, while also looking at how we support the people who are not supported by what is a very important insurance back-up.