Flooding
Flood Re appoints Andy Bord as interim CEO
Flood Re has appointed Andy Bord, former managing director of BGL Group, as interim CEO.
Severe flood warnings issued for coastal areas in UK
Severe flood warnings are in place along the eastern coast of England following fears that a storm surge places homes and properties at risk.
JBA releases flood model for Vietnam
UK catastrophe modeling firm JBA Risk Management has this month released a multi-peril flood model for Vietnam.
25 dead in heavy Thailand flooding
At least 25 people have died and 700,000 people have been affected by widespread floods in southern Thailand.
None of the revenue from IPT rise to be spent on flood defences
None of the revenue generated from the recent increase in Insurance Premium Tax has been ring-fenced for flood defences, Post can reveal.
Insurers paid out $50bn for natural disasters in 2016
Insurers paid out $50bn (£41bn) in natural disaster claims during 2016, making it the costliest year for natural catastrophe losses since 2012.
C-Force: It's time to unmask the claims heroes
2016 was a big year for insurance claims – but who are the people behind the scenes, making sure customers receive the best service possible?
Final Perils loss estimate for Storms Eva and Frank hit £504m
Catastrophe data firm Perils said flooding linked to storms Eva and Frank caused insured losses of £504m.
Ocaso rejects £50,000 claim due to policy holder withholding information
The Welsh assembly has criticised Ocaso Insurance’s refusal to pay out for a £50,000 flood damage claims, calling the decision ‘unreasonable’.
Storm Barbara ‘could be first major test of Flood Re’
Home owners should take extra steps to ensure they have sufficient cover this Christmas owing to the risk of flooding from Storm Barbara.
Biba to meet business leaders affected by last year's floods
One year on from storm Eva, the British Insurance Brokers’ Association is set to meet businesses affected by last year’s floods in Cumbria.
Flood claims: Under the weather
One year after Storms Desmond and Eva, schemes are now available to make cover affordable for households and small businesses in areas at risk of flooding. As barriers to resilient repairs persist, the focus is shifting to a more precise mapping of the…
This week in Post: Unrated insurers and reasons to detox
The sallow, downbeat faces of my colleagues today can only mean one thing: it’s the morning after the staff Christmas party.
Blog: Loss adjusters lead encouraging flood-resilient repairs
Loss adjusters are encouraging flood-resilient repairs but a strong incentive is needed to support take up.
Interview: Harsha Agadi, Crawford & Company
As Crawford ‘outperforms expectations’ in terms of growth, Michèle Bacchus speaks with CEO and president Harsha Agadi about his plans for the company
Biba launches flood product for businesses in flood hit areas
The British Insurance Brokers’ Association has developed an affordable solution for small businesses excluded from Flood Re.
Perils final insured loss estimate for Storm Desmond totals £604m
The estimated insured property market losses for Storm Desmond comes in at £604m, according to catastrophe modelling firm Perils.
5000 on standby for insurers’ winter flooding response
Insurers have thousands of staff on standby to deal with severe flooding this year, the Association of British Insurers has said.
Axa and CDL launch Flood Re solution
Axa and technology firm CDL have launched the first Flood Re integrated solution available via a broker software house.
Tackling flood risk needs a collaborative effort, says Flood Re chairman
Insurers, environment agencies and government need to collaborate if they are to tackle the threat of flooding effectively, said Mark Hoban, chairman of the board of directors at Flood Re.
Storm Angus brings flooding, damage and destruction to the UK
Large parts of the UK have been warned of further flooding and bouts of strong winds as a result of Storm Angus, the first named storm to hit the UK this year.
Aviva's Stephen Pond on why prevention is the best possible cure
Embracing technology is the way forward for insurance companies
Ageas sees profits fall on back of summer storm damage
Ageas has seen profits of £43m in the third quarter, a fall 8% from £46.9m in the same period last year.
Government needs a joined up approach on flooding, says IFoA
A more joined up approach is needed to tackle the long-term threat of flooding, says the Institute and Faculty of Actuaries.