Flooding
Airmic raises supply chain cover concerns
Business interruption and supply chain insurance products are too expensive and onerous in information requirements to meet client needs, according to risk management association Airmic.
Chancellor promises corporation tax cuts
The government has pledged to cut corporation tax to 21% by April 2014 in a bid to help struggling British companies.
Editor's comment: Grading the government
With the UK economy still struggling to recover from one of the deepest recessions in generations, expectations were rising fast as Post went to press on Tuesday that a somewhat dejected George Osborne would be addressing the nation come Wednesday…
Hiscox CEO: government spending on flood defences too little too late
The government's decision to suddenly free up £120m in funding for flood defences last week has been described as "a drop in the ocean".
Crawford and Cunningham assist flooded Somerset villagers
Crawford & Company and Cunningham Lindsey have banded together to visit the flooded properties of NFU Mutual policyholders in Somerset.
Premier Inn opens doors to flood victims
The Insurance Claims Accommodation Bureau has bolstered its database of preferred properties nationwide by forming an alliance with hotel group Premier Inn.
Axa offers interim payments to flood-hit customers
Axa is offering interim payments to households and businesses hit by the recent floods in the UK.
MP slams Defra u-turn on lost letters
The MP for Hull North has criticised the Department for Environment, Food and Rural Affairs for suddenly claiming it has found residents' 300 'lost' letters on flood insurance- likening the situation to an episode of the political comedy, "The Thick of…
Insurers accused of 'grandstanding' in PM's questions
David Cameron has told MPs he wants to resolve the uncertainty surrounding the future of flood insurance and called on insurers to "provide what they are meant to provide".
Cunningham Lindsey puts restoration companies on standby in St Asaph
Cunningham Lindsey this week dispatched property adjusters and surveyors to the flooded Welsh city of St Asaph this week.
Defra lost hundreds of flood insurance letters, says Hull MP
Diana Johnson, MP for Hull North, said the Department for Environment, Food and Rural Affairs has lost 300 letters from Hull residents which raised concerns over the future of insurance cover in risk flood areas.
MPs challenge Paterson on flood stand-off
The Environment Food and Rural Affairs Committee has called on the government to act quickly to resolve its stand-off with insurers over the provision of affordable flood cover.
Tens of thousands face being priced out of flood cover
ABI admits its Flood Re model is dead in the water
Editor's comment: Making a stand at last
The Association of British Insurers finally decided this week to reveal the detail of exactly what it is asking government to commit to that will secure affordable flood insurance for 200 000 homes currently facing exorbitant or zero cover come next July.
Flood zones could see premiums rise 50%
PWC has warned that insurance premiums for flood cover could rise by as much as 50% depending on the severity of damage.
Flooding risk remains as weather calms: GAB Robins
Loss adjuster GAB Robins has warned that while the worst of the UK’s spate of rain has now passed, many areas remain at risk of flooding.
Government support needed for affordable UK flood cover
Affordable flood cover for UK homeowners is unlikely to be available in the future without some form of government support, rating agency Fitch said today.
Post Magazine - 29 November 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
JLT calls on government to back Flood Re
JLT is urging businesses to lobby MPs in a bid to impress on the government the urgent need to agree a flood insurance solution to replace the Statement of Principles when it expires next year.
Torrential rainfall to create £14m used car market claims
AA Insurance has warned that the used car market could be swamped with flood-damaged cars following the extreme weather of recent weeks.
RSA sends emergency response vehicle to flooded Welsh city
RSA yesterday sent an emergency response vehicle to St Asaph in Wales to offer advice and support to residents after the River Elwy burst its banks.
Web seminar: The future of property underwriting
With the current flood risk agreement between the insurance industry and the government due to expire next year, the future of property underwriting could look very different.
Paterson denies breakdown in flood negotiations
Environment secretary Owen Paterson has rejected claims that government talks with the Association of British Insurers have "stalled".