Flood prone housing developments uninsurable

"Insurance for new properties built in flood-prone areas will become increasingly difficult to find, the Association of British Insurers (ABI) warned this week.
Developers who build in areas of high flood risk will find it difficult to sell properties because insurance will be prohibitively expensive or unavailable, the ABI said.
Stephen Haddrill, director general of the ABI, [...]" (2009-1-28)
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