Flood Re
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.
Flood Re 'devalued' by affordability fears claims CII broking group
Flood Re is “devalued” by a lack of proposals to address issues of affordable premiums according to a paper from the Chartered Insurance Institute’s new generation broker group.
AA Index show home insurance premiums drop again
Home insurance premiums have continued to fall according to the AA’s Insurance Premium Index.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Richard Benyon leaves Defra
The current parliamentary under-secretary of state for natural environment, water and rural affairs Richard Benyon MP has announced he is leaving his post at the Department for Environment, Food and Rural Affairs to move to the back benches.
Defra outlines draft flood insurance clauses
The Department for Environment, Food and Rural Affairs has opened a consultation into the draft flood insurance clauses of the Water Bill.
Flood Re unlikely to provide long-term solution, researchers say
The Flood Re scheme is unlikely to work for the long-term as it fails to take into account the flood risk increase that climate change poses, the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the…
SME flood cover in doubt as Biba battles for its inclusion in Flood Re
Industry-backed affordable flood insurance was never intended to cover small businesses, according to the Association of British Insurers.
Biba vents concerns over flood cover in consultation response
The British Insurance Brokers' Association is concerned small businesses currently covered under the Statement of Principles will not be covered by the four proposals outlined in the government consultation on the future of flood cover.
Household: On shaky ground
With cracks beginning to show in the profitability of the household insurance market, is the sector set to crumble or are its foundations solid enough to see it through?
Q&A: Andy Watson: Happy days
Andy Watson reflects on his short time in charge of Ageas UK and discusses market issues, including the referral fees ban, regulation, telematics and recent job cuts in the sector.
ABI calls for industry, government partnership
The Association of British Insurers is to ask the UK government for more regular and constructive partnerships, reflecting the growing role of insurers in society.
Government will step-in if Flood Re “runs out”
The insurance industry will not be responsible for recapitalising Flood Re in the event that it “runs out of money” following a one-in-200 year event, the Association of British Insurers has confirmed.