However, under a "compromise" deal announced in June 2013, it was agreed that the government would not commit public funds to Flood Re.

[9] Instead, it has agreed to step in to provide "available resources" to fund relief if the country is hit by an especially costly flood, of the magnitude that would be expected to occur once in 200 years.

These started with what is referred to as the "Gentleman's Agreement" more recently named the "Statement of Principles on the provision of flood insurance" after the year 2000.

[11] Following the serious UK flooding in 2000, which affected 10,000 properties in 700 locations and caused £1 billion of damage, the government and the Association of British Insurers drew up a statement of principles.

The ABI stated in the consultation into the Statement of Principles that, "The SoP was only ever meant to be a temporary ‟sticking plaster‟" and that "New entrants to the home insurance market start from a position where they have no commitments under the agreement.

"[11] In 2008, the UK government and the ABI agreed to revise and extend the Statement of Principles for one last five-year period.

Featured in the documentary is Rebecca Pow MP, Emma Howard-Boyd – Environment Agency Chair, Nigel Topping – Climate Action Champion, Flood campaigners Simon Crowther and Mary Dhonau OBE, Professor Hannah Cloke of the University of Reading, and Paul Laidlaw of the Scottish Flood Forum.