KPMG's Insurance Director, James Hillon comments on the Government’s plans to increase spending on flood defence.
Commenting on the Government’s plans to increase spending on flood defence, James Hillon, Insurance Director, KPMG UK said:
“Even in March, this year has already been a devastating reminder of how damaging floods can be for households and businesses across the UK. The instant provision of £120m for flood repairs will be welcomed by communities affected by this year’s floods. But, the government’s increase of spending in flood defence to £5.2bn is an example of a proactive attempt to make communities more resilient and ease some of the pressure on insurers who are currently bearing a disproportionate amount of the burden.”
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