FLOOD REFlood Insurance Agreement • November 1st, 2017
Contract Type FiledNovember 1st, 2017Flood cover has been a part of the UK insurance industry since the 1920s. Coincidentally, this was around the time when insurers in the USA began to refuse to cover flooding because it was not profitable. That led to the USA’s National Flood Insurance Act and the creation of the National Flood Insurance Programme in the 1960s. The UK’s approach also changed at around this time.