Mr. Kevin Thompson:

We do not make the business decisions. We are only the representative body. Individual insurers make those decisions. Each individual insurer will quote a price based on a household policy and there will be certain lines of cover in that which the customer will choose. Generally, flood is a standard peril that is included in the policy and the insurer would price around that accordingly . Insurers judge the profitability based on the overall claims that come in during a given year versus the premiums they take in.