Flooding
Post magazine - 25 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Household premiums rise following summer washout
Average insurance quotes for home buildings and contents cover have risen following heavy rain and flooding in the summer, according to the AA's latest insurance premium index.
Your say: Flood clarity is a priority
Aidan Kerr answers accusations that the ABI is failing to "nail its colours to the mast" over a replacement for the Statement of Principles.
Claims Event: Loss adjusters claim logistics hinder further collaboration in surge events
Three loss adjuster chief executives have jointly defended any lack of collaboration on surge events compared with other sections of the insurance industry on claims issues.
Aon to rival Marsh's Project Noah to fill SoP flood insurance gap
Aon Benfield has become the latest company to offer a potential solution to fill the flood insurance gap left by the expiration of the Statement of Principles in June 2013.
UK GI market under pressure to focus on pricing
Market conditions for UK non-life insurers remain challenging as the difficult economic environment curbs demand for cover and insurers can no longer rely on reserve releases to improve profitability.
Industry fears homeowner panic as flood agreement expiration approaches
Brokers in high flood-risk areas have accused the Association of British Insurers of failing to "nail its colours to the mast" amid growing concern over the lack of a long-term replacement for the Statement of Principles.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past ten days.
Thai floods: Lessons learnt
The floods that hit Thailand last year devastated the country and its economy. They also hit insurers hard in the pocket. Now the industry must make sure it is not caught by surprise again.
Post magazine - 11 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
September floods to cost Asia nearly $8bn
Asia is facing economic losses of nearly $8bn after heavy flooding throughout September, according to a catastrophe report by Aon Benfield.
Economic loss from Asia flooding nears $8bn
Flooding in Asia, and particularly China, has generated economic losses of more than $7.5bn, according to Aon Benfield.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Typhoon Jelawat dissipates causing little damage
Typhoon Jelawat passed over Japan's main island of Honshu yesterday as a weakening tropical cyclone, and the remnants are currently over the north west Pacific ocean, racing away from Japan at about 85km/h.
Typhoon Jelawat becomes third to hit Japan this year
Typhoon Jelawat made landfall in Okinawa this weekend, before reaching Japan's main island of Honshu, the third typhoon to do so this year.
Claims Club monthly missive: Holy motors it's David Mairs
It has certainly been an interesting week at Post Towers, with the industry's finest rowing over customer services and an stimulating encounter with AMG founder David Mairs.
European floods: keeping the funds flowing
Floods are an on-going threat for Europe, yet the approach to insuring and recovering from them is wide and varied. Francesca Nyman investigates how Europe is tackling the issue and what the future is likely to bring.
Post Top 100 UK Insurers Supplement: AM Best commentary - Flooding the market
A deluge of weather-related claims, coupled with low investment returns, continue to dampen non-life insurer performance albeit one buoyed by premium increases.
Crawford sets up flood claims help centre
Crawford & Company has set up a help centre in Morpeth to assist homeowners with flood claims, as the residents battle storm damage for a second time in four years.
Home insurers to incur £10m flood bill
Panmure Gordon analyst Barrie Cornes has told Post that Aviva and RSA could see insurance losses of £10m to £15m from the latest round of UK flooding.
UK flood claims expected to rise further
Severe weather in the UK has been credited to Hurricane Nadine today as parts of the country suffer from heavy rain and strong winds.
AA calls for government action on flood protection
Recent government statements concerning the availability of affordable flood cover when the Statement of Principles expires in June have "not given much ground for confidence", according to AA Insurance director Simon Douglas.
Flood warnings raised as weather worsens
Heavy rainfall has prompted the UK's Environment Agency to raise the number of flood warnings to 21.
Crawford receiving flood claims after weekend rain
Crawford & Company has started to receive flood and storm claims from the weekend's wet weather.