Brussels, 29/01/2015 (Agence Europe) - On Thursday 29 January, the European Commission approved a British reinsurance scheme aimed at ensuring the availability of domestic insurance at affordable prices for flood-related damage. The scheme will set up a pool to provide reinsurance for the 'flood' risk element for households deemed at high risk of flooding. Despite partial funding by an industry-wide levy, which may confer an economic advantage to the pool over its competitors, the Commission...