Flood insurance talks 'advanced'

Press Association

The Government is at an "advanced stage" in its negotiations with the Association of British Insurers (ABI) over the future of flood insurance, a minister has insisted after Labour claimed the talks were in "absolute disarray".

Defra minister Richard Benyon told MPs meetings were taking place on an "almost seemingly daily basis" and the Coalition was determined to achieve a settlement that ensured affordable insurance bills for those at flood risk, but did not place unsustainable costs on wider policy holders and the taxpayer.