Flooding
Chennai floods will cost insurers at least $300m
The devastating floods in Chennai, the capital of India's province Tamil Nadu, will cost insurers at least $300m (£198m) in claims as the rains continue.
Aon and Scor develop French flood model
Aon Benfield has developed a French flood scenario model in partnership with reinsurer Scor to better prepare for the potential cost of a flood impacting the country's major cities.
Post docu-video: European Windstorm
Over this weekend European wind storms have again been headline news.
Europe: Vineyard insurance - putting a cork in the risk
"Salute!" was the toast at the International Organisation of Vine and Wine in Paris in October, as Italy looked set to become the world's biggest wine producer in 2015, ahead of France, then Spain.
Increased city populations to spur flood exposure in Asia, says JBA study
According to catastrophe modeling company JBA Risk Management population increases in four major Asia cities will lead to a large rise in flood risk exposure.
Excluded properties remain contentious as Lords debate Flood Re regulations
Concerns around timing and excluded properties were raised by members of the House of Lords in debating the regulations to govern Flood Re yesterday (27 October).
C-Suite - Insurer: Weathering the storm
With a period of calm weather in 2015, insurers must make sure they are ready for the next major event
Flood Re regulations moved to next stage at Westminster
Parliamentary scrutiny of Flood Re has been welcomed after the secondary legislation to make the scheme fully operational in time for its launch next year was considered by a House of Commons Delegated Committee yesterday (15 September).
UK flood risk map incorporates groundwater data
Flood risk consultancy Ambiental has added groundwater data to its UK map, claiming it improves the way insurers assess flood risk at the individual address/building level.
Asia storm surge risk exposure to grow exponentially by 2070, says OECD
Coastal risks are rising in Asia at a rapid rate according to new research.
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.
Insurers advised to prioritise Flood Re access as April inception looms
Insurers run the risk of losing out to faster-moving rivals if they do not prioritise being able to access the Flood Re scheme ahead of its April 2016 inception.
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
JBA Risk Management selected to model Flood Re risk
Flood modelling specialist JBA Risk Management has been commissioned by Flood Re broker Guy Carpenter to develop a probabilistic loss model for flooding in the UK.
Blog: Does the flood resilience certificate go far enough?
Chris Hall takes a look at potential issues with Chartered Insurance Institute's new generation claims group for the creation of a flood resilience certificate for household properties.
New Zealand's Wanganui hit by worst flood on record
After torrential rain North Island has seen some dramatic weekend flooding which has caused huge damage and hundreds of insurance claims.
Video: ABI Huw Evans
Association of British Insurers director general Huw Evans tells Post senior reporter Katie Marriner what general insurance issue is top of his agenda.
Interview: Huw Evans: Climbing the ladder
Four months after his appointment as Association of British Insurers director general, Huw Evans tells Post his plans for the trade body and how he intends to make being a member worthwhile.
CILA rejects proposals for surveyors to oversee resilient rebuilding
The Chartered Institute of Loss Adjusters has questioned proposals to train property surveyors in resilient rebuilding methods, claiming its own members are much more suited to the role.
CII claims group calls for flood certificate prototype by 2016
The Chartered Insurance Institute new generation claims group has set a deadline of 2016 for the creation of a flood resilience certificate for household properties.
Despite summer inception Flood Re won't accept first policies until April 2016
Flood Re will not be ready to accept its first policies until April 2016 despite the scheme's systems and infrastructure being in place from summer this year.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
Editor's comment: Solidarity in a surge
The insurance industry received a chilling warning at this week’s Post Claims Club, when deputy president of the Chartered Institute of Loss Adjusters Benedict Burke told attendees that the sector could not respond to a claims surge on the scale of the…