Storm
Perils loss estimate for Storm Desmond falls by £65m
Catastrophe data firm Perils has revised its loss estimate from Storm Desmond down to £597m, from £662m in its last report.
European windstorm tops Perils exposure list for 2016
European windstorm has topped Perils’ industry exposure database in 2016 with €54trn (£42trn) of insured property values.
O'Roarke confident broker division will return to profit
Bad weather, claims inflation and the distribution of large losses were the drivers of LV's general insurance broker division reporting a loss in 2015, but GI managing director John O'Roarke is confident that segment will make a return to profit.
Perils revises down Desmond flooding costs estimate
Catastrophe data specialist Perils has revised its storm Desmond flood property insurance market loss estimate to £662m down from £717m.
Storm and flood claims to cost Lloyds Banking Group £60m
Lloyds Banking Group expects to fork out around £60m on claims for household damage caused by the floods and storms that wracked the UK over December and the New Year.
Flood losses caused by storms Eva and Frank hit £526m
Insured property market losses resulting from flooding caused by storms Eva and Frank in December and from further low pressure systems last month totalled £526m, according to the catastrophe insurance data firm Perils.
Naming of storms to potentially impact apportionment of claims
The Met Office’s new policy of naming storms that make landfall in the UK could have a significant impact on the apportionment of claims between direct insurers and their reinsurers in the excess of loss market.
Storm Desmond cost insurers £759m, says Perils
Perils, which provides consolidated catastrophe insurance data, has estimated the insured cost of Storm Desmond for properties affected by flooding and wind at £759m.
Customers hit by flooding get policy extension from Euler Hermes
Trade credit insurer Euler Hermes is offering a 30 day policy extension for clients hit by Storm Desmond or subsequent flooding.
Storm Eva to bring more rain to northern England
More bad weather and possible flooding is on its way to northern England ahead of Christmas, with Storm Eva set to bring heavy rains and up to 70mph winds in coming days.
Questgates extends Zoom capabilities following Storm Desmond chaos
Loss adjuster Questgates is extending its Zoom capabilities following an increased demand for its high level survey offering in the aftermath of Storm Desmond.
Fitch warns of insurers' ability to absorb cost of further storms
Fitch Ratings has deemed losses from Storm Desmond will be manageable for insurers but will impact the sector's ability to absorb further weather-related losses over the winter, should they occur.
83 postcodes affected as 32mm of rain predicted to fall
Loss adjuster Cunningham Lindsey has received storm and flood claims from more than 83 UK postcode areas, as more heavy rain and wind gusts are predicted for the Northwest today (9 December).
Geography of Cumbria a hurdle for adjusters, Crawford says
Accessing flooded homes is the key priority for loss adjusters in the wake of Storm Desmond, which has caused widespread flooding in Cumbria and resulted in the death of one person.
Tornadoes: Whirling havoc
Widespread media coverage may give the impression tornadoes only occur in the US. This is not the case, with the high-speed weather phenomenon threatening destruction around the world
Post docu-video: European Windstorm
Over this weekend European wind storms have again been headline news.
Europe: Vineyard insurance - putting a cork in the risk
"Salute!" was the toast at the International Organisation of Vine and Wine in Paris in October, as Italy looked set to become the world's biggest wine producer in 2015, ahead of France, then Spain.
UK braces for Storm Barney's 45mph winds
More than a third of the UK is expected to experience gusts stronger than 45mph this week as Storm Barney batters the Midlands and Wales.
European Windstorm Hazard Maps unveiled by Met Office
The Met Office has launched its European Windstorm Hazard Maps to show the location and severity of damaging winds for a variety of return periods at high resolution.
Preparation urged as storm predicted to batter north-west UK
Insurers are urging homeowners to prepare for a storm front threatening the UK that could unleash winds of up to 70mph and 17ft waves on Sunday evening (8 November) and early Monday (9 November).
C-Suite - Insurer: Weathering the storm
With a period of calm weather in 2015, insurers must make sure they are ready for the next major event
Less than 10% of Taiwan's cars insured for storm damage
A director of Taiwan's Non-Life Insurance Association has said that more than 90% of car insurance policies in the country are not covered for storm damage.
South East storm claims contribute to £160m L&G payout in 2014
Legal & General paid out more than £160m in general insurance claims last year, with the insurer making upwards of 80,000 claims payments to customers who registered a household insurance or lifestyle cover claim.
Nangka storm unlikely to cause 'significant structural damage' in Japan
Japanese residents and business have been left reeling after the onset of the Nangka typhoon resulted in flooding rain and damaging winds sweeping the country last week, although structural damage is expected to be limited.