Flood Re
Flood resilience guide for homeowners offers insurance advice
Homeowners at risk of flooding are set to benefit from a comprehensive guide to flood resilience that provides insight on a range of issues including insurance.
Editor's comment: Pitching to the politicians
Later this month the major political parties will hold their final conferences before the 2015 general election — providing a critical opportunity for the insurance industry to influence policy making and politics before manifestos are locked down.
News Analysis: Party conference season approaches
With the Green Party positioning itself as the ‘real opposition’ to the coalition government, reality TV star ‘White Dee’ Deidre Kelly set to speak at the Conservative Party Conference alongside David Cameron and the furore surrounding the ‘Yes’ vote…
Water risk: Water works
On top of the risk from flooding, water scarcity could become a real problem in the near future – so what are the insurance implications of emerging water risks?
High Net Worth: Getting what you pay for?
Premiums in the high-net-worth space are huge compared with an ordinary household policy, but what can brokers do to assure their clients are paying the right price?
Una chair calls for proof 'Britain is open for business' with SME Flood Re inclusion
The chairman of independent regional broking body Una has challenged the government to prove that “Britain is open for business” by facilitating small business growth with the inclusion of SMEs in Flood Re.
ABI defers decision on Flood Re participation for independent Scotland
The Association of British Insurers has refused to rule out the possibility of an independent Scotland being excluded from the insurance industry backed Flood Re scheme.
Flood Re exclusion a possibility for independent Scotland
An independent Scotland could be faced with the prospect of identifying an alternative to the Flood Re scheme established between the UK government and the Association of British Insurers, according to research carried out by Standard & Poor’s.
Blog: Learning from history - Boscastle, 10 years on
With its narrow valley and picture postcard scene, the devastation which struck the small hamlet of Boscastle on 16 August 2004 illustrated like no other event the damage our climate can do. So ten years on, what have we learned?
Flood Re managing agent contract worth £6m per year
The tender for a managing agent for the Flood Re scheme has been published with an estimated annual contract value of £6m.
Flood Re cap will not limit scheme's ability to pay out, claims ABI
The Association of British Insurers has criticised ratings agency Moody's for its report on the regulatory arrangements for Flood Re saying its £100m cap will have no impact on the scheme's ability to pay flood claims to insurers.
Moody's warns of negative credit impact from Flood Re funding proposals
Moody's has deemed the £100m cap on government contributions to Flood Re credit negative for UK property and casualty insurers.
Video: Claims edition – Flood Re
Flood Re, the replacement for the Statement of Principles – which was the government’s agreement with the insurance industry to ensure affordable flood insurance is available to households – is due to be introduced in the summer of 2015.
ABI critical of draft Flood Re finance rules
The Association of British Insurers has deemed the draft rules on the financial management of Flood Re "unworkable" following the launch of a consultation on the scheme's regulations.
McCafferty ‘outstanding candidate' for Flood Re role, claims Woolgrove
Interim Flood Re chief executive Tom Woolgrove says newly appointed permanent CEO Brendan McCafferty has a unique set of skills to get the scheme across the line.
Paymentshield's McCafferty appointed Flood Re boss
Paymentshield commercial director Brendan McCafferty has been appointed Flood Re chief executive and will take up the role in Q4 2014.
Interview: David Smith: In safe hands
Time will tell whether David Smith’s spell as Zurich’s interim UK general insurance CEO becomes permanent but, at a firm where stability is a watchword, Smith explains how his strategy will ensure the division stays on course for growth
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Flood Re excluded parties given hope as government and industry bodies meet
Defra conducting research into issues faced by SMEs and leasehold properties
Flooding: The future of flooding
As the Statement of Principles nears expiry and with the imminent introduction of Flood Re, what does the future hold for flood cover?
Biba research spurs Defra Flood Re roundtable
Research from the British Insurance Brokers' Association has highlighted concerns that buying and placing flood cover will become increasingly difficult once Flood Re comes into force.
Disaster Risk and Response Forum News - 12 June 2014
All the news from Post’s 2014 Disaster Risk and Response Forum
News Editor's Comment: A necessary evil
“Trussed up and roasted like a chicken” was how one veteran City commentator described the end of Stephen Hester’s tenure as chief executive of Royal Bank of Scotland this time last year.
DLG hands Holliday-Williams £546k share award as Woolgrove departs
Direct Line Group welcomed new personal lines managing director Mike Holliday-Williams with an offer of £546k in shares, after Tom Woolgrove left the firm last week.