Flooding
Renewing Statement of Principles will not solve flood cover issue, says Defra
The issue that confronts the insurance sector and government today is not the ending of the Statement of Principles, as renewing it would not solve the problem, but that underwriters are changing their approach to pricing flood risk.
Academic paper suggests England learn from Scotland about flood risk prevention
An academic made a splash this week by publishing a paper calling for planners, developers and architects to be held "legally liable when they get it wrong and people are flooded" as a way of preventing further flood plain development.
Post magazine – 8 March 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
ABI warns 'clock is ticking' for flood insurance solution
The Association of British Insurers has warned that there is no time to lose in securing a long-term, sustainable flood insurance market.
Liberty CEO talks up China, India and Quinn after 87% drop in pre-tax income
Liberty Mutual has reported net income of $284m and $365m for the three and twelve months ended 31 December 2011, decreases of $292m and $1.313bn from the same periods in 2010.
Academic calls to sue experts over flood risk are 'absurd'
A leading planning barrister has rubbished calls by flood expert for class action lawsuits to be brought against planning officers, consultants, architects and other experts.
UK government flood cuts may see 'thousands' uninsurable
Thousands of UK businesses are at risk of becoming uninsurable inside three months if the government fails to meet the demands of disgruntled insurers.
Government flood cuts could lead to 'thousands' of uninsurable businesses
Thousands of UK businesses are at risk of becoming uninsurable inside three months if the government fails to meet the demands of disgruntled insurers.
Premium rates set for Thai cat fund
The Thai government has settled on premium rates for the state-initiated disaster fund.
Academic calls for flood planners, developers and architects to be liable
A new academic paper has called for planners, developers and architects to be made "legally liable when they get it wrong and people are flooded" as a way of preventing further flood plain development.
Amlin chairman retires after £194m loss
Amlin has posted a pre-tax loss of £193.8m (2010: profit of £259.2m) and announced that Roger Taylor is to retire as chairman following the 2012 AGM. Richard Davey will succeed him.
Trade credit – Asian boom
Marsh China recently observed a significant increase in demand for trade credit insurance from Asian firms wanting to protect their balance sheets against the potential default of eurozone trading partners. Francesca Nyman asked several market insiders…
Novae suffers £6m loss before tax in "torrid year" for general insurance
Specialist insurer Novae has reported an underlying loss before tax of £6m for the year to 31 December 2011 in a "torrid year for the non-life insurance industry" compared to £36.2m profit in 2010.
Councils put flood risk burden on insurers
Council leaders have attacked "unfair and unaffordable insurance premiums" for residents and local authorities close to water, claiming they face an £11bn liability.
Countdown to ISE: Q&A with guest speaker Kurt Karl
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Reinsurance, will be presenting the session on 'Recent economic challenges and risk management' at Insurance Strategy Europe in Brussels on Wednesday 21…
Lancashire secures $75m additional capital for Japan renewals
Lancashire Holdings has said it will be able to deploy $75m additional capital for the 1 April Japanese market renewals after securing the extra capital from its Accordian sidecar investors.
Accordian Re gains new capacity for Japanese market
Lancashire Holdings has secured additional capital of $75m (£48m) for Accordian Re to focus on the 1 April Japanese market renewals.
Your say: Piping up over freezing
The Department for Environment and Rural Affairs is dropping hints that it may agree to some sort of subsidy for properties built in flood zones to support insurers in offering affordable cover.
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Roundtable: Climate change - what are the implications?
Environment-related risks will shift significantly over the coming decades, so what can insurers, brokers and loss adjusters do to prepare for the future?
Insurance Insight – top 10 stories
The top 10 stories from www.insuranceinsight.eu over the past seven days.
Lloyd's takes $2.2bn hit for Thai floods
Lloyd's of London estimates its net claims from the flooding in Thailand last year to be $2.2bn.
Lloyd's puts Thai flood losses at £1.4bn
Lloyd's has estimated its net claims from the flooding in Thailand last year to be $2.2bn (£1.4bn).
Industry loss estimates for Thai floods increase to $15bn
The Thai floods could be one of the top five costliest insurance events of the past three decades, according to AM Best.