Is it possible to have sustainable flood insurance without sustainable flood risk management?

Climate change models are predicting more extreme and uncertain weather. A particular concern stems from extreme rainfall events. Scotland, Wales and much of Europe have managed to reduce the incidence of flooding using sustainable flood management methods.

England's refusal to consider more sustainable solutions is resulting in a growing incidence of flooding. Flood insurance in England has been the subject of a succession of market agreements with government since 1961. The latest, known as the "Statement of Principles" is due to expire in June 2013 and will not be replaced. It was intended to maintain the availability of flood insurance for homes and small businesses even in flood hazard areas. Will its demise pave the way for the introduction of sustainable flood management in England?