We’ve been asked to share this interesting piece that highlights the benefit of local Flood Action Groups to the insurance industry. Whilst many people recognise the positive impact FAG’s have on the local community, even people working within insurance don’t always know the massive benefit they can have on the industry.
Flood Action Groups – recognising their benefits to the insurance industry
As is the case with Flood Action Groups up and down the country, Keswick Flood Action Group (KFAG) has campaigned, badgered and pleaded for better protection for its community for many years. In doing so, aside from helping to prevent the suffering and devastation that flooding brings, its achievements help the insurance industry by reducing the possible costs of any further flood claims. Since its formation after the 2005 floods, Keswick Flood Action Group has kept up the pressure with the various agencies to work towards better flood protection in the town. Successes so far:
Much has been done in Keswick and large areas hit by two recent big flood events now benefit from 1:75 level protection (much better than the 1:10 risk from before). However, there are still two areas where surface water flooding remains an unacceptably high risk. One of these areas should have its problems resolved within the next few months by having an underground pump system installed by Cumbria County Council as Lead Local Flood Authority. The second area, it is hoped, will benefit from upstream storage. In the meantime, the community has raised £22.5K to provide a community pump for the town. This was presented last week, together with a second community resilience pump provided by the Environment Agency. Keswick is one of the first communities in England to have temporary pumps available locally as additional security until permanent solutions are in place.
All this has so far taken almost nine years, lots of meetings and a second flood in 2009, which was before the Environment Agency had got funding through for the river defences. However, taken as a whole, we’d suggest that Flood Groups are the unsung heroes in the challenge to keep insurance claims down.
If any of our contacts within the insurance industry would like to explore how they can work in close conjunction with local Flood Action Groups to reduce the risk of flooding and cost of claims, please get in touch with Richard at Aston Charles (0845 8388 490) who will be glad to pass on your details to the author.