Minister signs regulation to enact Flood Re

UK floods minister Rory Stewart has signed the regulations enacting
the foundation of state-backed flood reinsurer Flood Re, following
parliamentary approval.
It means that the UK government has now put into force the
legislation that gives Flood Re its statutory underpinning.
Commenting on the news, Stewart said that access to affordable
insurance would give people peace of mind after the devastating
effects of a flood.
"Flood Re will for the first time ensure access to
affordable flood insuran