17-03-2016 18:08 via insuranceinsider.com

Harris Balcombe proposes Fema model for UK

Claims consultant and loss assessment firm Harris Balcombe has
called for the UK to adopt a system similar to the US Federal
Emergency Management Agency (Fema) as part of an overhaul of flood
prevention.
The firm claimed the £700mn ($1bn) earmarked in the UK
government budget yesterday (16 March) wasn't enough to tackle
the problem.
UK chancellor George Osborne said a 0.5 percent rise in
insurance premium tax (IPT), bringing the overall levy to 10
percent, would generate £700mn for..
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