Flooding
Pre-April renewal flood victims facing hiked household premiums
Flood victims who are due to renew their household insurance policy before the April introduction of Flood Re will be faced with inflated premiums, amid widespread rate reductions elsewhere.
DLG predicts up to £140m in flood losses
Losses incurred by Direct Line Group following flooding caused by the storms Desmond, Eva and Frank during December are expected to total between £110m and £140m.
Blog: From AIG to Zurich, five predictions for insurers in 2016
Now that we have all had a chance to get back into our pre-Xmas routines; quit our cous-cous diets and break our new year’s resolutions, I thought it would be a good time to look into my crystal ball and predict how the year might pan out for insurers.
Flood victims given £24m by insurers in emergency payments so far
Insurers have forked out almost £24m so far on emergency payments to families and businesses effected by the floods caused by storms Desmond, Eva and Frank during December and over the New Year.
NZ$115m of New Zealand catastrophe insured losses in 2015
Natural disasters cost insurers in New Zealand NZ$115m (£52m) last year down from NZ$153m in 2014 according to the Insurance Council of New Zealand.
Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
UK floods to 'significantly weaken' 2015 earnings, says Fitch
Ratings agency Fitch said the impact from recent flooding in the UK could weaken earnings for some firms and take the year combined ratio above 100%.
Crawford opens Carlisle office to support flood victims
Loss adjuster Crawford & Company has opened an office in Carlisle in Cumbria to support community members impacted by recent flooding.
AM Best predicts December storms will pressure 2015 earnings
The December 2015 storms and floods will put pressure on the 2015 earnings of UK property insurers but will have little impact on balance sheet strength and ratings, according to AM Best.
Storms' insured loss estimate increases to £1.4bn
Latest estimates from accounting firm PWC suggest insured losses from storms Desmond, Eva and Frank, which battered the UK in December 2015, could reach £1.4bn as Prime Minister David Cameron yesterday (3 January) pledged £40m to repair and improve flood…
Airmic urges a 'pragmatic and flexible' approach for corporate customers following flooding
The current flooding in the north of England has underlined the need for businesses to buy insurance that is fit for purpose, and to support it with effective crisis planning according to the Association of Insurance and Risk Managers.
More rainfall predicted as Cunningham Lindsey calls in international team to help cope with Storm Eva claims
A team of specialist property adjusters, from Cunningham Lindsey's overseas offices in Canada, New Zealand, Australia and South Africa, will be arriving in the UK from 5 January 2016 to boost the firm's expert technical resources.
Insurers warned flooding losses could exceed £1bn in wake of Eva
The insured losses from the 2015 flooding could exceed £1bn in the aftermath of storm Eva, endangering some firm’s end of year results, an industry expert has warned.
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.
Covéa reports 180% increase in claims volumes after floods
Covéa Insurance has experienced a 180% increase in claims volumes to date as a result of Storm Desmond which hit North West England on 5 and 6 December.
Blog: Why resilient repairs are the long-term solution
In the immediate aftermath of this month's floods in Cumbria, the focus of the locals and the press was on the flood defences and how they had performed - or not performed, as it was perceived.
Insurers pay millions to those hit by Storm Desmond
Insurers have paid out £2.6m in emergency funding and housed 1500 families in alternative accommodation following Storm Desmond, according to analysis by the Association of British Insurers.
Desmond floods
Read all the news, analysis and first-person accounts of Storm Desmond, the Cumbria floods and the insurance world's response.
AA disputes Storm Desmond will lead to home premium hike
AA Insurance does not expect claims from Storm Desmond to result in widespread home insurance premium increases because the expected £250m of claims from the event are below the £1bn of claims needed to trigger across-the-board increases.
Blog: Drones prove their worth in Desmond floods
In the wake of Storm Desmond, loss adjusters have been using drones to provide an aerial view of the flood-stricken areas. They've started only recently experimenting with the technology and, initially, there was a school of thought that it's a ‘nice to…
Blog: Flood-resilience certificates might be the way forward
Storm Desmond and the Cumbria floods have highlighted that flood risk in the UK is both inevitable and increasing.
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.
Blog: Getting people back on their feet after Storm Desmond
Crawford's Paul Lofkin describes his experience of assisting in the clean-up of flood-affected homes and businesses in Appleby following Storm Desmond.