Insurance deal could hail a "flood tax"

Chris Wheal
dingy on flooded road
dingy on flooded road

Flood-risk homeowners can expect to continue to be subsidised after some government arm-twisting of insurers.

The government said it wanted to see "how the existing cross-subsidy that takes place within the insurance industry can be adjusted to make sure insurance prices remain affordable." For that, read a "flood tax" on homes least at risk to pay for those most at risk.