FloodRisk News & Analysis

Aviva: 115,000 New Homes Risk Becoming Uninsurable

Aviva's CEO Amanda Blanc warned that 115,000 new homes will be built in England's flood zones over the next decade, increasing the risk of insurability issues. Currently, 6.3 million homes and businesses face flood risks, with one in nine homes constructed between 2022 and 2024 at medium to high risk. Research indicates that nearly a third of new homes built in 2024 could experience flooding by 2050. This insight is crucial for investors as Aviva is poised to invest over £100 billion in UK infrastructure, potentially influencing the insurance market and housing development trends.