A new study from the University of Cambridge Institute for Sustainability Leadership (CISL) has, for the first time, analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery outcomes of low income households following a natural disaster.

Flood Re, the body set up to enable insurers to offer lower premiums and excesses to high-risk flood homes across the UK, has produced its first transition plan setting out how the home insurance market will return to risk-reflective pricing by 2039.

Initial estimates from the Association of British Insurers (ABI) published today suggest the final amount ABI members will pay out to affected customers is likely to be around £520 million for floods which hit the north of the UK over the 4th and 5th of December.

Flood Re, the scheme to ensure affordable flood insurance cover will be available to UK households in areas of high flood risk, is set to go live in 2016 after securing  a £2.1 billion reinsurance deal.

Defra has delayed the publication of responses to a major consultation on proposals for the implementation of a national affordable flood insurance scheme.