Flooding
Difficult decisions ahead on flood defence funding, admits EA chair
The chairman of the Environment Agency has conceded there is “no bottomless purse” for flood defence spending and that decisions must be made on whether to prioritise town or country.
Europe: Weathering the storm
Europe got a battering from natural catastrophes in 2013, resulting in the region clocking up the most loss events for the year across the globe.
Private sector contributes 25% of flood defence partnership funding
Private sector funding has generated £37m for flood defences according to a report from the Guardian.
Oasis project director says framework will cut costs and increase transparency
Loss-modelling platform includes models for flood, earthquake and tsunami.
Aon Benfield or Guy Carpenter tipped to take on Flood Re reinsurance role
Scheme’s organisers say summer 2015 implementation target will be met.
Agriculture: Hard times
With a predicted increase in extreme weather events expected to add to the many difficulties already faced by farmers, how can the insurance industry better support the beleaguered sector?
Industry facing £426m bill for Christmas floods
The insurance bill for storm and flood damage over the 2013 Christmas and New Year period will cost the industry around £426m, according to the Association of British Insurers.
BPF brands ABI Flood Re claims ‘misleading’
Claims from the Association of British Insurers that the Government’s new flood insurance scheme, Flood Re “will cover domestic properties regardless of whether leasehold or freehold”, have been branded misleading by the British Property Federation.
Floods in Indonesia cause havoc
Over the last two weeks, floods and landslides have continued in Indonesia including the capital Jakarta, Java, Sumatra, Sulawesi and the Kalimantan Islands.
Flood Re will cover domestic properties, ABI says
The Association of British Insurers has responded to claims from the property sector that Flood Re will exclude millions of homes by confirming the scheme will cover domestic properties regardless of whether they are freehold or leasehold.
Property industry predicts millions will be excluded from Flood Re
Property industry leaders and the Council of Mortgage Lenders have said exclusions to Flood Re will leave millions of homes without access to flood insurance despite assurances from the Association of British Insurers that no more than 10 000 properties…
Post Intelligence docu-video: Is Flood Re the right insurance solution?
The bad weather over Christmas and the new year has really thrown the issue of Flood Re back into the spotlight.
ABI downplays Flood Re delays
The ABI has played down suggestions that Flood Re will miss its summer 2015 deadline, claiming it is making “good progress” with preparations for the scheme.
Flood Re could miss 2015 start date
Delays to the Flood Re programme mean the long-awaited scheme may struggle to meet its summer 2015 launch date, according to reports.
Biba manifesto sparks hope the burden of regulatory cost will be addressed
FCA urged to find areas for savings and be more transparent.
Your say: Recent deluge could open the floodgates on asbestos risk
The recent floods that have devastated many parts of the UK could have unexpected consequences by increasing the risk of asbestos exposure.
C-Suite: Embrace change in 2014
Reforms faced by the industry this year should be welcomed – they have customers’ best interests at heart.
Progress made in delay over new-build flood feature maintenance
A long-running deadlock on rules designed to protect new housing developments against flooding could be broken amid reports that a deal has been reached over who pays to maintain anti-flood features.
Christmas storms tipped to cost industry £400m
The UK insurance industry is facing a bill of around £400m for storms and flooding throughout December and January, PwC insurance partner Mohammad Khan said today.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Penny Black's Insurance Week
While Penny enjoyed snuggling down in front of the fire with a bottle of sherry and a big box of champagne truffles to watch Downton Abbey this Christmas, she was less obsessive about festive film viewing than the Towergate office, where one member of…
Floods minister prioritising storm response alongside insurers
Environment Secretary Owen Paterson has described flood management as “a real priority” as government continues to work closely with local councils and the insurance industry to ensure residents and business owners get the help they need following the…
Restoration work gathers momentum as EA issues flood warning
Residents and business owners in the South West, Oxfordshire and Dorset have been urged to prepare for more flooding following torrential rain and strong winds this morning.