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 sharing on flood risk, creates certification schemes for flood prevention work, and extends flood insurance reinsurance to more homes and businesses.

Description

The Bill introduces several key measures:

Minimum Flood Protection Standards: New building regulations will set minimum standards for flood resilience, mitigation, and waste management in all new properties (public and private) in England.
Data Availability: The government and local authorities must make flood risk data publicly available to help insurers and homeowners assess risk.
Certification and Accreditation Schemes: A certification scheme will be established for flood prevention improvements to homes and businesses, along with an accreditation scheme for installers.
Insurance Premiums: Insurers must consider certified flood prevention improvements and any existing flood mitigation measures (required by planning permission) when setting premiums.
Flood Reinsurance Scheme Extension: 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's impact on government spending is not explicitly stated. However, it will likely involve costs associated with developing and implementing the new regulations, certification schemes, and the extension of the Flood Reinsurance scheme. Further details on funding would need to be obtained from official government sources.

Groups Affected

Homeowners and Businesses: New building regulations will impact all new builds. Existing homeowners and businesses may benefit from lower insurance premiums if they undertake certified flood prevention measures.
Insurers: Insurers will be required to adjust their premium calculations based on the new regulations and data availability.
Local Authorities: Local authorities will be responsible for enforcing the new building regulations and making flood risk data available.
SMEs: Small and medium-sized enterprises will benefit from extended eligibility to the Flood Reinsurance scheme.
Flood Prevention Installers: The accreditation scheme will affect installers of flood prevention measures.

Full Text

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