Hundreds of thousands of householders in areas at high risk of flooding face losing their home-insurance policies next year unless the Government finds extra cash to rescue the industry.
Talks between insurance chiefs and ministers, which have lasted for months, are on ?the brink of collapse?, The Times has learnt. The impasse came as hundreds of homes in the Midlands and the South West were deluged by floods.
The Environment Agency issued 221 flood warnings and 267 flood alerts yesterday, with river levels still rising in some parts of the West Country. More than 800 properties have been flooded since
Source: http://www.thetimes.co.uk/tto/money/insurance/article3611551.ece
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