Flooding
Stormy weather causes £35m worth of vehicle damage
Two weeks of severe weather has caused £35m worth of damage to vehicles.
Aviva faces £40m flood bill
This summer's floods could cost three major household insurers almost £70m in the first half of the year, according to analysts.
Weather claims to hit £750m as industry waits for SoP announcement
The insurance industry is hopeful that the government will finally release details of the flood risk model that will replace the Statement of Principles before its summer recess next week.
Ageas boss Smith encouraged by government flood stance
Ageas chief executive Barry Smith has welcomed a government announcement suggesting that it is moving with the industry towards a levy type solution for residents and business owners in high risk flood areas.
Post magazine - 12 July 2012
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Insurer flood debate at "advanced stage" with Defra
The Association of British Insurers is in "advanced stages" of discussions with the government to find a replacement for the statement of principles, which ensures that homeowners in flood-risk areas are able to get insurance, when it expires in July…
Flood defences need £20m boost in next 20 years, report finds
The government has been urged to invest £20m in flood defences after a report found that four times as many properties could be at risk of flooding in the next 20 years if no action is taken to prepare for climate change.
Flash flood hits Calderdale in Yorkshire
A West Yorkshire bridge was flooded for a second time on Monday.
'Unsettled' weather not over, RMS warns
The industry has been told to brace itself for further wet weather after a weekend of rain affected festivals and the Silverstone racing event in Northamptonshire.
UK faces ongoing flood risk after wettest April to June on record
Further flooding affected the UK during the weekend of 6 and 7 July following outbreaks of exceptionally heavy rainfall.
Flash floods in Russia kill 170 and cause severe damage
At least 170 people were killed when flash floods hit the Krasnodar region of southern Russia on 6 July after excessive rainfall.
Flooding underlines importance of Statement of Principles
PWC has warned at risk homeowners that the current flooding affecting the UK is a stark reminder of the challenges they may face when the Statement of Principles expires.
Direct Line to activate emergency flood plan this weekend
Direct Line has lined up teams of property insurance advisers who will be deployed to flooding hotspots around the UK ahead of another weekend of predicted heavy rainfall.
Further commercial SME losses reported in wake of flooding
The Preston-based Independent Group has become the latest regional adjuster to mobilise its teams across flood-hit regions, after it recorded a significant increase in claim volumes this week.
Cunningham Lindsey sets deadline for claimant visits
Cunningham Lindsey is aiming to visit all claimants impacted by recent adverse weather conditions by the end of the week, after settling 28% of claims received since 8 June.
Challenging conditions for loss adjusters in the wake of 2011's nat-cats
Difficulty sharing information, lack of access to affected areas and cultural differences hampered loss adjusters in the aftermath of 2011's devastating natural disasters, according to industry insiders.
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The top five European stories from www.insuranceinsight.com over the past seven days.
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The top five Asian stories from www.insuranceinsight.com over the past seven days.
Hundreds of properties evacuated as country is hit by weekend flooding
Up to 500 Lancashire and West Yorkshire properties were evacuated this weekend after a month's worth of rain fell in just 24 hours.
Weekend flooding in northern England sparks EA warning
Record levels of rainfall in northern England over the weekend led to 450 people being evacuated after the river Derwent burst its banks and submerged a Keswick campsite.
European investors warned over hidden flood exposures in international interests
European investors in emerging markets and their insurers need to be more aware of possible exposure to flood risk, according to Swiss Re's head of flood risk.
Local insurers return to Thailand flood market
Local insurers in Thailand are increasing their appetite for flood risk and reducing their dependence on the government's Catastrophe Insurance Promotion Fund, according to the fund's chairman Payungsak Chartsuthipol.
Claims bosses urge insurers to develop integrated localised flood response
Flooding in areas of the UK previously considered low risk has led claims bosses to urge insurers to concentrate on developing an integrated localised flood response, while arguments over a collaborative risk transfer solution rumble on.