Flooding (Prevention and Insurance) Bill

Official Summary

A Bill to set national minimum requirements for flood mitigation and protection measures in new build public and private properties enforced by local planning authorities; to place reporting requirements on local and national government in relation to flood prevention measures; to establish a certification scheme for improvements to domestic and commercial properties for flood prevention and mitigation purposes and an accreditation scheme for installers of such improvements; to require insurers to take account of such improvements and any existing flood prevention and mitigation measures that were planning permission requirements when determining premiums; to extend eligibility to the Flood Reinsurance scheme under section 64 of the Water Act 2014 to small and medium-sized enterprises and homes built after 2009; and for connected purposes.

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Overview

This bill aims to improve flood prevention and insurance in the UK. It sets minimum standards for flood protection in new buildings, improves data availability on flood risk, creates certification schemes for flood prevention work, and extends flood insurance coverage.

Description

The bill introduces several key measures:

Minimum Flood Protection Standards: New building regulations will mandate minimum standards for flood resilience, mitigation, and waste management in all new public and private properties in England.
Data Availability: The government and local authorities must make flood risk data publicly available to aid insurers and homeowners in risk assessment.
Certification and Accreditation Schemes: A national certification scheme for flood prevention improvements and an accreditation scheme for installers will be established, ensuring quality and standards.
Insurance Premium Adjustments: Insurers must consider certified flood protection measures and those mandated by planning permission when setting premiums for residential and commercial properties.
Flood Reinsurance Scheme Expansion: The Flood Reinsurance scheme will be expanded to include small and medium-sized enterprises (SMEs) and homes built after 2009 that meet specific flood resilience standards.

Government Spending

The bill doesn't specify exact figures for government spending. However, costs will be associated with establishing and running the new certification and accreditation schemes, updating building regulations, and potentially subsidizing the expanded Flood Reinsurance scheme. The exact financial implications will depend on the details of the scheme implementation.

Groups Affected

Homeowners and Businesses: Will benefit from improved flood protection in new builds and potentially lower insurance premiums if they implement certified flood resilience measures.
Builders and Developers: Will need to comply with new building regulations regarding flood protection.
Insurers: Will be required to adjust premiums based on flood protection measures.
SMEs: Will gain access to the Flood Reinsurance scheme, potentially reducing their insurance costs.
Local Authorities: Will have a role in enforcing building regulations and making flood risk data publicly available.

Full Text

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