Flooding
Non-standard risks: looking for an alternative
With a large number of insurers wary of taking on non-standard personal lines risks, specialists are carving their own niche.
Insurers lose $116bn but play key role in disaster recovery
Despite insurers incurring the second largest losses ever at $116bn in 2011 the industry weathered 2011 well, according to the latest Swiss Re Sigma study.
ABI welcomes national planning framework recommendations
The Association of British Insurers has welcomed the government's national planning framework recommendation for local authorities to follow flood risk guidance to help avoid unwise developments in flood risk areas.
Ecclesiastical reveals £16m underwriting loss
Ecclesiastical has blamed a pre-tax loss of £7.7m and an underwriting loss of £16.1m on the eurozone and Australasian catastrophes, but plans to increase premiums in Australia.
Flood insurance uncertainty to hit homeowners within four months
The British Property Federation is calling for urgent action to create a new settlement between government and insurers amid fears that homeowners and businesses will face excessively expensive insurance premiums within just four months.
Thai Re gets THB7bn capital injection
Thailand's largest domestic insurer, Thai Re, has successfully raised equity of THB7bn with the support of shareholders and a new strategic investor.
Penny Black's insurance week
Penny hears of more insurance-related woes, but this time it's no laughing matter.
Comment: The risk of irrelevance
A recent report paints a bleak picture for the future of insurance.
Comment: Uncertainty is the only certainty
2012 could see a raft of changes to the insurance industry
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Insurers face £72m Australian flood losses
Insurers are anticipating losses of £72m and at least 5000 claims from the Australian floods, according to Risk Management Solutions.
'Sticking plaster' Statement of Principles distorts flood insurance market
The Statement of Principles was never designed to be anything more than a "sticking plaster", according to James Dalton, head of property insurance at the Association of British Insurers.
Government warned it cannot 'duck' issue of poor being priced out of flood insurance
People on lower incomes could be priced out of flood insurance following the end of the Statement of Principles.
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.