Flood Re insurance scheme 'needlessly expensive'

Scheme to provide affordable home insurance for UK properties at risk of flooding will cost three times more than the benefits it brings, warn government advisersA £180m tax on home insurance to subsidise the premiums of flood-prone households is poor value for money and badly designed, according to the government’s official climate change advisers.The Flood Re scheme, designed by the government and Association of British Insurers, will cost three times more than the benefits it will bri