Insurers fall short despite government financial pledge
Insurers say they may not be able to provide cover despite the government pledging more money for flood defences.
The Association of British Insurers (ABI) says the £800m promised by the chancellor is less than was needed.
Head of the Environment Agency Baroness Young said the funding was a "good start" as she prepared to face MPs over the floods.
Parts of south-west England, the Midlands and Yorkshire were left under water during the summer.
ABI chief executive Stephen Haddrill said the money pledged by Alistair Darling in Tuesday's Comprehensive Spending Review was so low that it could lead to a review of insurance services in the UK.
On Monday, AA Insurance said home insurance costs had risen at their fastest rate since 1994 as a result of the flooding.
Buildings premiums jumped by 3% in the past quarter, reflecting the estimated £3bn cost of flood damage across much of the UK in June and July.
Adam Barker, Managing Director of AKA Assisted Claims says "With the rise in flooding and lack of suitable defences, we are likely to see a significant rise in insurance claims, Insurance Loss Assessors like ourselves work exclusively for you the insured party, not the insurance company. Our aim is to help you realise your insurance claim, quickly and effectively".
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