Flooding
Allianz suffers £23m weather claims loss but retail and commercial GWP grow
Allianz UK has posted bad weather claims costs of £23m for the first six months of 2012.
Axa CEO Evans hits back at U-turn criticism as he reveals telematics delay
Axa UK and Ireland CEO Paul Evans has hit back at criticism that he has performed a U-turn by bringing the personal and commercial broker businesses back together again under Amanda Blanc.
Geddes unmoved by PE takeover talk as DLG divestment date looms
Direct Line Group chief executive Paul Geddes has distanced himself from speculation linking the business with a private equity-backed divestment, insisting that his focus remains on securing a second-half public flotation.
Allianz UK continues upwards trend, despite fractional COR rise
Allianz UK has chalked up an operating profit of €92m (£72.4m) for the first half of 2012, alongside a marginal combined ratio rise to 96.8%.
Two storms take aim at China after hitting Taiwan
Typhoon Saola, the ninth typhoon of the Northwest Pacific storm season, made its first landfall early on Thursday morning local time in Hualien, Taiwan.
Aviva COR to surpass 99% following floods, claims analyst
Aviva's general insurance result is predicted to fall 5% year on year as a result of recent unseasonable UK weather.
DLG's £40m summer flood loss offset by reserve releases
Direct Line Group has reported home weather claims costs of £40m, conceding that losses were worse than expected but offset by "signficant" releases from reserves held against prior year claims across the portfolio.
Chinese insurers pay out ¥900m in flood claims
Insurance companies in Beijing have paid out ¥900m ($142m) in compensation after the damage caused by the floods on 21 July, the China National Radio website reported.
Brown: flood risk solution needed to end market inequality
RSA's chief executive for UK & Western Europe has called on the government to act quickly in announcing a replacement for the Statement of Principles to avoid further uncertainty for householders in flood risk areas.
Italian quakes and UK floods hit RSA's H1 result
RSA continues to expect overseas operations to be 70% of group premiums by 2015, following strong performances in its international segments in the first half.
Generali sees profits boost from premiums outside Italy
Generali Group has posted net profits up 4.5% to €842m (2011 H1: €806m) for the first half of 2012, with the operating result stable at €2.34bn despite significant catastrophe events.
View from the top: Food for thought
Riots, floods and storms have created a golden opportunity to restore public trust in the industry, says John Heaney.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Lloyds GI profits fall 30% owing to PPI, pet and weather claims
Lloyds Bank's underlying general insurance profit decreased by 30 per cent to £158m (H1 2011: £226m) in the first half of 2012.
Making flood prevention cost effective
Flooding now affects more people than any other natural catastrophe. Jens Mehlhorn explains how tried and tested methodologies for determining the cost effectiveness of measures show that prevention is better than cure.
GAB Robins graduates experience weather claims surge response
GAB Robins' graduate recruits will start work more than a month ahead of the original September start date to experience handling the recent surge in weather-related claims.
Climate Change: Turbulent times
With climate change a growing global concern, how is the insurance industry playing its part in saving the planet?
View from the top: Much to do about flooding
The need for a new flood strategy is now urgent as the 'temporary' 12 year-long solution is no longer feasible, says Tom Woolgrove.
Home insurance premiums set to rise
Property insurers must ensure they have adequate reserves to cover future claims arising from volatile weather patterns, AA Insurance has warned.
Insured losses 'low' as Typhoon Vincente sweeps through China
Up to 37 people are dead and 700 homes were flooded after Beijing was devastated by the heaviest rainfall to hit the city since 1951.
Heavy rain in Beijing brings deluge of motor claims
Property and car insurers have been inundated with claims after the heaviest rain in six decades hit Beijing on Saturday.
AA adds voice to calls for flood insurance solution
AA Insurance has backed the Local Government Association's urgent calls for the insurance industry and government to agree a solution on the provision of flood insurance following the expiry of the Statement of Principles next summer.
Councils criticise government for flood insurance failure
The Local Government Association has accused the government and insurance industry of letting down residents in flood-risk areas by failing to reach an agreement over the provision of affordable insurance cover.