Flooding
Hurricane Katrina: 10 years on
A decade after Hurricane Katrina hit New Orleans, what lessons has the insurance industry learned –and how has the city recovered?
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.
Insurers advised to prioritise Flood Re access as April inception looms
Insurers run the risk of losing out to faster-moving rivals if they do not prioritise being able to access the Flood Re scheme ahead of its April 2016 inception.
Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
JBA Risk Management selected to model Flood Re risk
Flood modelling specialist JBA Risk Management has been commissioned by Flood Re broker Guy Carpenter to develop a probabilistic loss model for flooding in the UK.
Blog: Does the flood resilience certificate go far enough?
Chris Hall takes a look at potential issues with Chartered Insurance Institute's new generation claims group for the creation of a flood resilience certificate for household properties.
New Zealand's Wanganui hit by worst flood on record
After torrential rain North Island has seen some dramatic weekend flooding which has caused huge damage and hundreds of insurance claims.
Video: ABI Huw Evans
Association of British Insurers director general Huw Evans tells Post senior reporter Katie Marriner what general insurance issue is top of his agenda.
Interview: Huw Evans: Climbing the ladder
Four months after his appointment as Association of British Insurers director general, Huw Evans tells Post his plans for the trade body and how he intends to make being a member worthwhile.
CILA rejects proposals for surveyors to oversee resilient rebuilding
The Chartered Institute of Loss Adjusters has questioned proposals to train property surveyors in resilient rebuilding methods, claiming its own members are much more suited to the role.
CII claims group calls for flood certificate prototype by 2016
The Chartered Insurance Institute new generation claims group has set a deadline of 2016 for the creation of a flood resilience certificate for household properties.
Despite summer inception Flood Re won't accept first policies until April 2016
Flood Re will not be ready to accept its first policies until April 2016 despite the scheme's systems and infrastructure being in place from summer this year.
Coalition's GI legacy one of progress and 'missed opportunities'
The diffuse mesothelioma payment scheme and Flood Re have been highlighted among the coalition government’s main achievements by industry insiders, with the lack of progress on young driver reforms named as a key disappointment of its five year tenure.
Editor's comment: Solidarity in a surge
The insurance industry received a chilling warning at this week’s Post Claims Club, when deputy president of the Chartered Institute of Loss Adjusters Benedict Burke told attendees that the sector could not respond to a claims surge on the scale of the…
Premium cuts unlikely as flood resilience certificate gains CILA backing
Plans to create a certificate that would allow homeowners to prove their property had undergone adaptations to improve its flood resilience has gained loss adjusting support, however, industry experts are doubtful the concept will trigger rate reductions.
Post Blog: Mind the gap - CII Next Gen Claims Group to report on surge response
In football how often do you see a goal scored – especially after a set play - where the goal keeper and defenders look at each other afterwards and exclaim that the scorer was “not their responsibility”?
Political Interview: Cathy Jamieson: Bringing big ideas
In the last of Post’s political interviews in the countdown to the General Election, Cathy Jamieson, Labour Shadow Financial Secretary to the Treasury, lays out her party’s aims in government.
Flood Re appoints former Canopius head of capital
Gary McInally has been appointed as chief actuary for government-backed flood scheme Flood Re.
Catlin to underwrite product for flood insurance excesses up to £50k
Third party administrator Advent Solutions Management and Policy Excess have teamed up to provide homeowners with properties in high flood risk areas with a product that insures against hefty flood excesses.
Natural Catastrophes: Extreme reaction
The Insurance Council of Australia’s natural catastrophe coordination initiative is an example of how an industry can collaborate to respond quickly and effectively to extreme weather events.
Blog: Tackling flood risk now for future generations
Last winter, the misery and devastation suffered by many flooded businesses and homes starkly highlighted the need to improve flood defences to better protect properties for the future.
Europe: Natural catastrophes - more than storms in a teacup
‘Acts of God' were relatively benevolent last year, with insurers more stirred than shaken by reported losses.
Flood campaign urges defence spending boost in Budget
The Association of British Insurers' Flood Free Homes campaign is urging government to increase spending on flood defences and maintenance ahead of the Budget announcement on 18 March.