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<p>I am aware that some small businesses exposed to high flood risk may be experiencing
challenges in finding affordable insurance. My predecessor has met with representatives
from the Association of British Insurers, Federation of Small Businesses and the British
Insurance Brokers Association (BIBA) among others to discuss the extent of this problem.</p><p>BIBA
is developing a commercial insurance product that is intended to help businesses in
flood risk areas access appropriate cover. Government officials are in regular contact
with BIBA to monitor how that product is developing.</p><p> </p>
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