Flooding
Europe: Ireland update
David Worsfold takes a look at how the recovery of the Irish economy, as well as challenges such as regulation from Europe, is affecting Irish insurers and brokers
Flood defence spending ‘insufficient’ says Audit Office
Spending on flood defences is insufficient to meet needs for maintenance according to a report from the National Audit Office.
C-Suite: Insurer: Planning for the worst
The industry must stress to firms the importance of business interruption cover
EAIC 2014: Thai floods had dramatic impact on SME loss ratio
As a result of the devastating 2011 Thai floods the average combined ratio for small and medium enterprises between 2008 and 2012 grew exponentially.
AA criticises climate change report findings on 'insufficient' flood defences
AA Insurance has called a Committee on Climate Change report suggesting flood defence investment in UK urban areas is insufficient "disappointing".
Treasury pledges £97m for ‘world-leading’ Met Office supercomputer
Chief Secretary to the Treasury Danny Alexander has today revealed plans to spend £97m on a supercomputer to improve the UK’s ability to predict disruptive weather.
Foreign insurers allowed into North Queensland
The Australian government is allowing foreign insurers access to North Queensland's home insurance market in an attempt to drive down prices.
‘Constructive’ party conference season dialogue pleases insurance bosses
Flooding and cost of motor insurance and regulation top the agenda
July 2015 implementation unlikely for Flood Re as groundwork continues
Flood Re boss Tom Woolgrove has admitted Q4 2015 date is now more likely
Flood Re live date delayed to Q4 2015
The organisation in charge of implementing Flood Re is now progressing towards the scheme launching in Q4 2015 rather than next summer as planned.
Insurers struggling to grasp flood exposures says S&P
Home insurers may be at risk of understating their flooding exposures due to a combination of poor data and a lack of models, according to Standard & Poor's.
Top 100 UK Insurers: AM Best Commentary: The lie of the land
Falling rates and low returns on investment continue to dog insurers, while the impact of regulation is being felt across the sector
Interview: Phil McNeilage: Strictly roots
Despite a brief soujourn in Jamaica, Cunningham Lindsey’s UK chief executive Phil McNeilage has spent the majority of his career with one company. He talks to Post about the changes occuring at Cunningham and the challenges ahead
Claims Leakage: Tackling claims leakage
Natural disasters can test claims management systems to the limit, posing significant challenges to insurers
Flood resilience guide for homeowners offers insurance advice
Homeowners at risk of flooding are set to benefit from a comprehensive guide to flood resilience that provides insight on a range of issues including insurance.
News Analysis: Party conference season approaches
With the Green Party positioning itself as the ‘real opposition’ to the coalition government, reality TV star ‘White Dee’ Deidre Kelly set to speak at the Conservative Party Conference alongside David Cameron and the furore surrounding the ‘Yes’ vote…
Water risk: Water works
On top of the risk from flooding, water scarcity could become a real problem in the near future – so what are the insurance implications of emerging water risks?
Over 460 dead from Pakistan and India flooding
460 people have been killed by horrific floods in India and Pakistan which have already displaced a million people.
Weather index MGA to target brokers after securing capacity
The first UK-flagged weather index coverholder is targeting a range of smaller broking partners after securing underwriting capacity from a panel of market players.
Swedish flood claims more than double in 2014
Sweden’s insurers face a heavy hit from natural catastrophe claims, as the number of flood damage claims lodged reaches more than double the previous year’s total.
ABI defers decision on Flood Re participation for independent Scotland
The Association of British Insurers has refused to rule out the possibility of an independent Scotland being excluded from the insurance industry backed Flood Re scheme.
Flood Re exclusion a possibility for independent Scotland
An independent Scotland could be faced with the prospect of identifying an alternative to the Flood Re scheme established between the UK government and the Association of British Insurers, according to research carried out by Standard & Poor’s.
Nuclear power shutdown in South Korea after heavy rain
For the first time ever, a nuclear power plant was forced to close in South Korea, after heavy rain.
Investment of £165m reduces flood risk for 6700 Welsh properties
Multimillion pound investment in resources to reduce the flood risk to thousands of homes in Wales since November 2011 has led to a reduced risk for approximately 6700 properties.