Insurance: Flood Risk Areas Debate
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Lord Foulkes of Cumnock
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Insurance: Flood Risk Areas
Lord Foulkes of Cumnock Excerpts(11 years, 1 month ago)
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Lord De Mauley
I am not sure about words of one syllable, my Lords. Negotiations, and I know that some noble Lords opposite are very experienced in them, are very complex things, and this is a particularly complicated subject. We are working on it. The letter from the ABI is a good demonstration that we are close to a solution.
Lord Foulkes of Cumnock
My Lords, how are the Scottish Government involved in these discussions, since the insurance industry stretches throughout the United Kingdom?
Lord De Mauley
I absolutely agree with the noble Lord that this problem affects the whole of the United Kingdom. The devolved Administrations are closely involved in the discussions.