From the BBC:
Homeowners living in high flood-risk areas of the UK should now be able to save hundreds of pounds on their insurance premiums.
A new scheme called Flood Re has been designed to cut bills for those whose homes are in danger of flooding. Up to now, thousands of householders have been paying large additional premiums to make sure their homes and possessions are protected. About 350,000 homes could benefit - although thousands will be excluded.
The cost will ultimately fall on ordinary policy-holders, who will pay an extra £10.50 on their premiums on average.
Debate Magazine
