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Podcast: How climate change is transforming insurance

Flood Re’s Laura Evans, LexisNexis Risk Solutions’ Heikki Vesanto, Woodgate & Clark’s Glyn Brookes-Humphrey together with Insurance Post’s Scott McGee

Climate change means the areas impacted by subsidence will double by 2050, and double again by 2080, Heikki Vesanto, manager for GIS data science at LexisNexis Risk Solutions, has warned.

In the latest Insurance Post Podcast, Vesanto said 6% of properties in Great Britain are at risk of subsidence, but that is going to increase to about 20% by 2080.

£2.5bn

In France, the

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Hash oil fires are the next big property risk for insurers

A new wave of butane hash oil explosions linked to illegal cannabis production is causing severe property damage and multi-million-pound insurance losses, posing a growing and under-recognised risk to insurers and landlords, warns James Nathaniel, major and complex loss adjuster at Sedgwick.

FCA ends premium finance probe looking like a tired parent

Editor’s View: Two years after the Financial Conduct Authority kicked off about premium finance, Emma Ann Hughes feels the regulator’s market study final report felt more like finger-wagging from a worn-out parent than meaningful action from a watchdog with a powerful bite.

Q&A: Tim Rayner, Verisk

Verisk’s new CEO of general insurance for the UK and Ireland sits down with Harry Curtis to discuss plans to encourage cross-pollination between the company’s GI and specialty businesses.

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