Report: 2006 third lowest for insured losses in twenty years

According to preliminary estimates, natural and man-made catastrophes triggered total economic losses of around USD 40 billion, and cost property insurers worldwide USD 15 billion in 2006.

Swiss Re's latest Sigma study notes that after years of record losses, property insurers appear to be "getting off lightly in 2006" and that low catastrophe losses will allow them to replenish their

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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