Flooding
Zurich unscathed by winter floods as UK H1 profits rise 9%
Zurich has trimmed three percentage points off its UK combined operating ratio over the past 12 months to 95% (H1 2013: 98%), while increasing business operating profit by 9% to £88m in the first half of 2014.
Flood Re cap will not limit scheme's ability to pay out, claims ABI
The Association of British Insurers has criticised ratings agency Moody's for its report on the regulatory arrangements for Flood Re saying its £100m cap will have no impact on the scheme's ability to pay flood claims to insurers.
Video: Claims edition – Flood Re
Flood Re, the replacement for the Statement of Principles – which was the government’s agreement with the insurance industry to ensure affordable flood insurance is available to households – is due to be introduced in the summer of 2015.
ABI critical of draft Flood Re finance rules
The Association of British Insurers has deemed the draft rules on the financial management of Flood Re "unworkable" following the launch of a consultation on the scheme's regulations.
McCafferty ‘outstanding candidate' for Flood Re role, claims Woolgrove
Interim Flood Re chief executive Tom Woolgrove says newly appointed permanent CEO Brendan McCafferty has a unique set of skills to get the scheme across the line.
Paymentshield's McCafferty appointed Flood Re boss
Paymentshield commercial director Brendan McCafferty has been appointed Flood Re chief executive and will take up the role in Q4 2014.
Environment secretary Owen Paterson ‘sacked’
Incumbent environment secretary Owen Paterson will depart the cabinet as part of a reshuffle being announced today, according to reports.
Trade bodies agree to further Flood Re exclusions talks
The Association of British Insurers and the British Insurance Brokers' Association have agreed to ongoing discussions around customers excluded from Flood Re.
Insurers seek clarity over tangible returns from infrastructure investment
ABI looks to secure 20-year investment partnership with government
ABI outlines Flood Re SME exclusion stance at Defra meeting
The Association of British Insurers reiterated its view there is no evidence SMEs have a problem accessing affordable flood cover at a meeting between government and representative organisations yesterday.
Flooding: The future of flooding
As the Statement of Principles nears expiry and with the imminent introduction of Flood Re, what does the future hold for flood cover?
Comment: Health hazards post-flooding
The health impact of mould and bacteria after a flood event are generally overlooked
Flood defence funding at 'bare minimum'
Funding for maintaining flood defences is at a "bare minimum" and is the first area to be cut when "budgets are tight", according to the Environment, Food and Rural Affairs Committee.
C-Suite - Insurer: Somerset: picking up the pieces
Devastation from the Somerset Levels flooding is still evident but the claims process is in full swing
Language barrier problematic for insurers in claims process
The London riots of 2011 have been highlighted as an example of how a potential breakdown in communication can hinder the claims process following a catastrophic incident.
Penny Black's Insurance Week - 5 June 2014
Penny’s cockles were well and truly warmed this week to see victims of this winter’s flooding in Somerset band together in support of those hit by similar events in the Balkans.
C-Suite - Insurer: Take the long-term view
Insurers must stop unsustainable commodity pricing in commercial property claims
Flash flooding frequency to increase with climate change
The UK faces the prospect of much more frequent flash flooding during the summer months as a result of climate change, according to a study published in the journal Nature Climate Change.
Balkans flooding to cost billions of euros
The European Bank for Reconstruction and Development estimates the cost of damage as the result of horrific flooding will be well over €2bn.
Zurich calls for more flood mitigation support
International insurer Zurich wants more money and effort spent on flood prevention.
Editor's comment: Is the Flood Re tide turning?
News the Flood Re scheme has flowed further down the river towards implementation next year has failed to dampen hopes among vociferous industry and political figures that excluded groups will be provided for.
Flood Re CEO Woolgrove to address Post's Disaster: Risk & Response event
The acting Flood Re CEO Tom Woolgrove has been added to the impressive speaker roster for the upcoming Post event, Disaster: Risk and Response.
Tens of thousands hit by huge flooding in Bosnia and Serbia
Over 40 people have died and thousands of people have been left temporarily homeless after three months of rain fell across three days in Serbia and Bosnia.
Water Bill handed Royal Assent
The Water Bill has completed the final stage in passing into law, bringing with it the official introduction of the Flood Re scheme.