Flood insurance will be more expensive in the future unless the government takes action, insurers have warned.

A poll of insurance professionals by the business services and IT firm, CSC, warned that the increased risk of flooding would likely be passed on to residential and business customers.

The vast majority (90 per cent) of respondents said that unless the government spent more on flood defences, people living and working in areas flooded this summer would have to pick up the tab.

Almost two thirds (61 per cent) said the current situation, which sees policyholders in lower risk areas effectively subsidising those in higher risk areas, would have to come to an end.

The government has been heavily criticised for failing to protect Britain from freak weather conditions.

Insurers have also been unconvinced by commitments to spend more on flood defences.

Environmentalists have blamed climate change for the devastating weather events that have also led to major floods in other parts of the word.

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