Flooding
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.
AM Best Commentary: Future forecast
In a highly competitive market for UK general insurers, property continues to be the best performing line, while motor and home experience underwriting losses.
Landslides and floods kill 19 in the Philippines
Heavy monsoon rains in the Philippines have left at least 19 people dead, most of them children, according to state media.
Flooding reaches 23 Thai provinces
As a result of a heavier than usual monsoon season, 23 Thai floods are now experiencing flooding affecting 1.5m people.
APPG calls for mixed properties to be included in Flood Re
The All Party Parliamentary Group on Insurance and Financial Services has called for residential homes which are used as commercial premises to be covered under the government’s proposed Flood Re scheme.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Vienna Insurance Group sees pre-tax profits slashed by floods
Austria’s biggest insurer has seen pre-tax profits drop by almost 32% following severe flooding in Central and Eastern Europe.
Insurance Insight Asia editor talks Philippines flooding to BBC
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.