Naming of storms to potentially impact apportionment of claims
The Met Office’s new policy of naming storms that make landfall in the UK could have a significant impact on the apportionment of claims between direct insurers and their reinsurers in the excess of loss market.
According to experts at law firm CMS, the practice, which was introduced with storm Abigail in November 2015, has made the task of "aggregating" claims considerably simpler.
Alex Denslow, partner at
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