Aviva boss warns homes could become uninsurable due to flood risk
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Warning more homes will be uninsurable due to flood risk
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Figure caption: Aviva boss says building homes in flood zones is becoming increasingly risky.
Aviva boss warns of homes at risk of becoming uninsurable due to flooding, as the risk of extreme weather increases.
Amanda Blanc told the BBC's Big Boss Interview podcast:
"It doesn't make sense to be building homes in flood zones."
Blanc, the CEO of Aviva, pointed out that 115,000 new homes are expected to be built in flood-prone areas over the next decade based on current patterns.
"We need to think about where those homes are being built," she said.
According to Aviva research, one in nine homes built between 2022 and 2024 are at medium to high risk of flooding. Their data also suggests that by 2050, nearly a third of new homes built in 2024 will face some level of flooding risk, with one in seven at medium to high risk.
Blanc highlighted the urgent need for thoughtful planning:
"You can do all sorts of different things to your property to make it more or less vulnerable to flood."
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