Flooding
Insurers refuse to back government plan to extend Statement of Principles
Insurers have declared they are unwilling to green-light a temporary extension to the Statement of Principles unless the government provides “a definite commitment” that a long-term flood risk solution is imminent, after Environment Secretary Owen…
Floods devastate Argentina's capital
Flash flooding in Argentina has claimed more than 50 lives and halted production at the country’s largest oil refinery.
The Thai flood: Two years on
The size and scale of the floods in Thailand in 2011 came as a shock to many despite the fact it was a flood prone area. Andrew Tjaardstra discovers how shock waves are still being felt and how risks are being reassessed.
Hostile ABI response to ‘inferior’ Flood Mu model sparks wider debate
The Association of British Insurers’ attempts to derail a proposal put forward by Marsh to secure a mutualised solution to flood risk have been criticised by politicians and industry insiders.
Bought by Many seeks insurer partner for flood cover plan
Insurance intermediary Bought by Many has launched a home insurance proposition for areas at significant risk of flooding.
Need for robust flood solution 'more urgent than ever' says AA
Finding a way to ensure continuing insurance cover for homes at risk of flooding is ‘more urgent than ever’ according to the AA.
Paterson refuses to 'rush through' flood risk solution, as SoP expiry looms
Environment secretary Owen Paterson has claimed there is “no point rushing through” a long-term flood risk solution, despite there being just three months until the Statement of Principles expires.
ABI brands Marsh's Flood Mu model 'completely unacceptable'
The Association of British Insurers has issued a damning response to Marsh’s proposal for a mutulised solution to flooding, describing the ‘Flood Mu’ model as “completely unacceptable to insurers”.
Marsh's new 'Flood Mu' model tipped as likely SoP replacement
A mutualised solution to flood risk has been tipped as the new favourite to replace the Statement of Principles this summer, however a free market could be introduced while legislation is drawn up ahead of the model’s launch.
View from the Top: Time is running out
With agreement on the future of flood insurance still out of reach, the government must pick up the pace, says Bronek Masojada.
Biba and Marsh to join the flood debate at Efra evidence session
The British Insurance Brokers’ Association and Marsh have been invited to give evidence at tomorrow’s Environment, Food and Rural Affairs Committee meeting on flood insurance provision, after a previous evidence session was adjourned.
Government slashes flood-defence funding further
The government has cut the budget for maintaining flood defences and clearing rivers from £68m to £39m, flooding Minister Richard Benyon revealed in a parliamentary written answer.
Flood Risk: Pours for thought
The 2007 floods were a major UK weather event, costing the insurance industry billions. However, despite similarities, the 2012 floods caused much less damage. What is the reason behind the change?
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Improving Underwriting: The extra mile
The use of geographic intelligence can improve the understanding of risk in the motor insurance space.
APPG meeting postponed after Benyon cancels as speaker
The All-Party Parliamentary Group for Insurance and Financial Services' meeting scheduled for tomorrow (12 March) has been cancelled after environment undersecretary Richard Benyon withdrew as its speaker.
Zurich unveils Red Cross flood alliance
Zurich Insurance Group has formed a CHF 21m five-year alliance with the International Federation of Red Cross and Red Crescent Societies.
Zurich announces Red Cross alliance in flood resilience programme
Zurich has announced a CHF21m deal with the International Federation of Red Cross and Red Crescent Societies that will see the pair work to improve disaster risk reduction efforts.
Improving Underwriting: A Smarter approach
Insurers can build a more sophisticated view of risk by embracing geographic intelligence data.
View from the Top: There may be trouble ahead
A catalogue of natural disasters in recent times have been pushing our industry’s bottle to the brink, says Peter Hubbard.
Improving Underwriting: Adding some colour
Larger amounts of more detailed data are available to insurers but can they create a balance between profitability and fair rates?
Lloyd's coverholder steps into Netherlands flood void
Lloyd’s coverholder Neerlandse has begun offering flood insurance to homeowners in the Netherlands.