UK Insurance News Blog

UK Insurance News

AXA Demand £720million Drainage Improvements

John Williams - Monday 21.07.08, 16:56pm

Insurance Group AXA have called on the UK government to improve surface drainage in the towns and cities that were affected by last years summer floods.

The company estimates that the improvements would cost the government around £720million and will push up the UK flood defence budget to £1.5billion for 2010/2011.

The insurer is also demanding a system of clear accountability over drainage problems that cause flooding, after revealing that 75% of last years flood claims resulted from drainage issues.

While the government has made all the right noises it seems that they have only committed £5million for the development of Surface Water Management Plans, but none of the money has been allocated to implement the actions that are called for.

Del.icio.us Digg Technorati Blinklist Furl Reddit
No Comments

Tags: Buildings Insurance · Business Insurance · Contents Insurance · Insurance News


  • No Related Post




Tell A Friend Show


0 comments so far

  • There are no comments for this post yet. Why not be the first by filling out the form below.

Leave a Comment

Home | Archives | Blog For Buzzin Media | Advertise | About | Contact