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Flooding insurance: Chancellor must 'get a grip', says Labour

26 November 2012 Last updated at 18:10 GMT

Talks about flood insurance are at "crisis point" and could leave 200,000 homes without cover, according to an insurers' body.

Many thousands more householders could see premiums rise if no deal is struck between insurers and the government.

Shadow Environment Secretary Mary Creagh told the House of Commons the chancellor needed to "get a grip" on the issue.