Flooding
Aon Benfield subsidiary launches flood cat model in Netherlands
Aon Benfield’s catastrophe modelling centre has launched a model to understand the financial impact of flood damage in the Netherlands for property and motor.
ABI property boss Kerr defends SME's exclusion from Flood Re
The Association of British Insurers' head of property has dismissed concerns raised by the British Insurance Brokers' Association relating to the omission of SMEs from Flood Re by claiming there is "no evidence" to support their inclusion.
Industry reputation will be tested by response to surge events, ABI warns
How the insurance industry responds to flood events going forward will be a key test for its reputation, the Association of British Insurers says.
Drivers take risks with floodwater driving, according to AA
More than half of UK drivers are putting themselves in danger attempting to cross dangerous flood water, a joint AA and Environment Agency survey has found.
Farms face cover threat after Defra confirms their exclusion from Flood Re
Biba calls for rethink over decision to exclude small businesses from legislation.
ABI calls for more investment in flood defences
The Association of British Insurers has called on the government to invest further in flood defences.
Biba disappointed at government’s SME flood exclusion
The British Insurance Brokers’ Association has expressed its disappointment at the government’s decision to exclude SMEs from incoming flood legislation.
Flood Re 'devalued' by affordability fears claims CII broking group
Flood Re is “devalued” by a lack of proposals to address issues of affordable premiums according to a paper from the Chartered Insurance Institute’s new generation broker group.
Amlin records 9% increase in fleet motor rates for Q3
Amlin has recorded steady results for quarter three 2013 including stable improvement in its UK commercial business logging a 9% increase in fleet motor rates.
Insurers warned to brace for escape of water claims surge
IFIC Forensics has warned insurers to brace themselves for an influx of escape of waterclaims, as weather experts forecast the beginning of the coldest winter in 100 years this November.
Europe: Disaster area?
More people than ever before are being exposed to natural disasters due to the increase in global urbanisation, according to a recent report from the Institution of Mechanical Engineers.
C-Suite: After the storm
The response by insurers in the aftermath of St Jude showed the importance of the industry.
Insurers braced for aftermath of St Jude storm
Insurers are assessing the damage this morning after strong winds battered England and Wales throughout Sunday night and Monday morning.
Over 40 people die in Indian floods
48 people have been reported dead in floods in the Indian states of Andhra Pradesh and Orissa within the last week.
AA Index show home insurance premiums drop again
Home insurance premiums have continued to fall according to the AA’s Insurance Premium Index.
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Editor's comment: All change in government
Insurers know only too well that a reshuffle of staff is an opportunity to “bring on fresh talent” but this week the personnel changes were in government rather than in the industry.
German nat cat loss estimates released
Germany continued to fuel catastrophe losses for insurers and reinsurers in the third quarter, with several underwriters issuing estimates from hailstorms in the region.
Indian Prime Minister warns over natural disaster threat
The Prime Minister of India Manmohan Singh has warned India needs to take greater preventative measures towards the onset of natural disasters.
Typhoon Fitow hits Eastern China
Yet another typhoon has hit Eastern China cutting power and causing damage to homes.
Lloyd's slams government's Flood Insurance Obligation
Lloyd’s has condemned the government's proposed Flood Insurance Obligation stating it would make UK insurers less competitive than their European counterparts.
The Asian reinsurance story so far
The reinsurance market has great potential for growth in Asia as insurers, brokers and banks try to address a chronic deficit in insurance cover across the continent writes Andrew Tjaardstra.