COP26: Flood Re calls for greater focus on flood resilience

Andy Bord, chief executive officer of Flood Re, has called for new homes to be built in the right place and in the right way to prevent housing stock becoming less resilient to flooding in the years ahead.

Speaking at the World Climate Foundation, part of COP26 in Glasgow, Bord said there also needed to be a continued long-term commitment to flood defences including the role of natural flood management.

In addition, he called for better education for householders in terms of the risks their properties faced, so they could take action to reduce their exposure.

Commenting after the event, Bord said: “Climate change is happening now - and it is only going to get worse. I applaud the efforts taking place in Glasgow to reduce emissions to meet net zero, but we need to urgently adapt now to the increased frequency of flooding and extreme weather events.

“Resilience is not being prioritised. There is a growing need for continued investment not only in flood defences, but in measures to adapt homes and communities to make them more resilient to rising temperatures and an increased risk of flooding.”

Flood Re has developed a Build Back Better scheme which will be available through some insurers after April 2022. When a property is repaired after a flood, there is an opportunity for insurers to use the scheme to make it more resilient and reduce the cost and impact of future floods.

    Share Story:

YOU MIGHT ALSO LIKE


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.