Flooding
Industry left dangling on key issues as parliaments take summer recess
The insurance industry has been left in limbo after the UK and European parliaments failed to address a list of key issues as they broke for summer recess.
RSA expects £35m hit from Italian quakes
RSA expects a net loss of £35m from the two earthquakes in Italy's Emilia-Romagna region in May, the general insurer said today.
RSA flood losses hit £50m
RSA has been hit with an estimated net loss of £40m across its UK household, motor and commercial property books for June as a result of the wet weather.
China Property & Casualty Reinsurance to use AIR catastrophe models
China Property & Casualty Reinsurance Company has licensed AIR's typhoon, earthquake and multiple-peril crop insurance models for China to better manage its catastrophe risk.
South west Japan reels from record floods
Heavy rain between 11 and 16 July have caused widespread flooding and mudslides in Japan, catastrophe modeling firm AIR Worldwide reports.
Japan flooding threatens rice crop
Heavy rainfall in south west Japan has caused widespread flooding and mudslides.
Heavy rain dampens profitable run in household insurance sector
This summer's flooding could put an end to four consecutive years of combined ratios of 100% or better in the household insurance sector.
Flash flooding hits south west Japan
Intense rainfall in south west Japan has resulted in flash flooding and landslides, according to catastrophe modelling firm RMS.
Hannover Re installs Agencyport 'what if' risk management suite
Hannover Re has installed Agencyport risk management software in six of its Worldwide offices and will roll out to further offices in due course.
Thousands of homes evacuated after floods in Japan
Homes suffered substantial damage on Wednesday after intense rainfall caused flash flooding, burst river banks and landslides in the south west region.
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
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
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.