Flood Re
ABI remains staunch on Flood Re exclusions stance
Association of British Insurers property head Aidan Kerr has dismissed claims that leasehold properties are excluded from Flood Re because of issues with insurers’ computer systems.
ABI kick-starts Flood Re CEO recruitment process with job ad
The Association of British Insurers has started its search for the chief executive of Flood Re and will be advertising the position in this week's Sunday Times.
BPF urges MPs to support Water Bill amendments
The British Property Federation is urging politicians to support Water Bill amendments being tabled in the House of Lords that would extend affordable flood insurance to excluded groups.
High-net-worth insurers fight Flood Re exclusion of highest council tax bands
Properties in band H will not be covered but insurers still have to pay levy
Aon Benfield or Guy Carpenter tipped to take on Flood Re reinsurance role
Scheme’s organisers say summer 2015 implementation target will be met.
Agriculture: Hard times
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
BPF brands ABI Flood Re claims ‘misleading’
Claims from the Association of British Insurers that the Government’s new flood insurance scheme, Flood Re “will cover domestic properties regardless of whether leasehold or freehold”, have been branded misleading by the British Property Federation.
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Post Intelligence docu-video: Is Flood Re the right insurance solution?
The bad weather over Christmas and the new year has really thrown the issue of Flood Re back into the spotlight.
Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Industry encouraged to apply to lead Flood Re body
The search for a chief executive and chief financial officer for Flood Re Ltd has begun, with a CEO appointment expected before the end of H1.
ABI downplays Flood Re delays
The ABI has played down suggestions that Flood Re will miss its summer 2015 deadline, claiming it is making “good progress” with preparations for the scheme.
Flood Re could miss 2015 start date
Delays to the Flood Re programme mean the long-awaited scheme may struggle to meet its summer 2015 launch date, according to reports.
C-Suite: Embrace change in 2014
Reforms faced by the industry this year should be welcomed – they have customers’ best interests at heart.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
ABI has 'no plans to bring Flood Re forward'
The ABI has rejected calls to bring the implementation of Flood Re forward in the wake of severe flooding over the Christmas period.
Review of the Year: General Insurance: A year of red tape
With the implementation of the Jackson reforms and the start of twin peaks regulation, reform and regulation dominated a mixed 2013 for the general insurance sector
Biba urges change on SME Flood Re exclusion
The British Insurance Brokers’ Association has urged the Water Bill Scrutiny Committee to consider helping the people the bill currently excludes – particularly small businesses.
Farms face cover threat after Defra confirms their exclusion from Flood Re
Biba calls for rethink over decision to exclude small businesses from legislation.
Biba disappointed at government’s SME flood exclusion
The British Insurance Brokers’ Association has expressed its disappointment at the government’s decision to exclude SMEs from incoming flood legislation.
SMEs and charities to be excluded from flood legislation
Small and medium sized enterprises are not to be included in Flood Re legislation, the government has announced.