Aviva boss warns more homes will be uninsurable due to flood risk
Aviva CEO Amanda Blanc has warned that thousands of new homes in the UK are being built in flood-prone areas, rendering them potentially uninsurable in the future. She urged for better urban planning as climate change increases the frequency of extreme weather events.
Why it matters
This highlights a growing conflict between housing development needs and the long-term financial risks posed by climate change to homeowners and insurers.
Share Save Add as preferred on Google Rachel Clun , Business reporter and Sean Farrington , Business presenter Aviva boss says it 'doesn't make sense' to be building homes in flood zones as risk increases Homes are being built today that could become uninsurable in the future due to the risk of flooding, the boss of insurance giant Aviva has said.
Amanda Blanc said the risk of flooding is "absolutely increasing", but based on current building patterns 115,000 new homes will be built in flood zones in the next decade.
"That doesn't seem to me to make sense. We need to think about where those homes are being built," she told the BBC.
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