Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017
Have a heart
- 29 August 2017
I've just had a terrible idea.
Why not create a flood insurance scheme that is mandated by mortgage-lending banks in some areas but not others, even though some of the places where it isn't compulsory to insure are quite heavily flood-exposed?
Next, please make sure it is administered by bureaucrats.
This will ensure that customer service is poor, with claims taking far longer to settle when compared to the state-regulated private market.
Then sprinkle in regular doses of political chaos...
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