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CEA welcomes EU flood directive

Comité Européen des Assurances has welcomed the European Commission’s proposal for a directive on the assessment and management of floods. By aiming to help Member States to prevent and limit the consequences of floods, the proposed directive addresses the concerns of insurers to limit the risks to infrastructure and property.

European insurers stress that prevention measures are essential to counter two trends pointing to an increased flood risk and greater economic impact of floods in Europe. Firstly, the scale and

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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