Aviva's Chief Says England Is Building Homes It May Not Be Able to Insure

Amanda Blanc, the head of Aviva, said England was for sure building homes that might be uninsurable at some point in the future — a statement from an insurer about a risk its industry may eventually decline to price. Insurance is where a physical hazard turns into a financial one. A house that cannot be covered is a house whose owner carries the loss directly, and one that lenders and buyers may treat differently once coverage is in doubt. Notice the certainty in Blanc's phrasing: not that some homes might become uninsurable, but that England is for sure building them.