Flooding
C-Suite: Embrace change in 2014
Reforms faced by the industry this year should be welcomed – they have customers’ best interests at heart.
Progress made in delay over new-build flood feature maintenance
A long-running deadlock on rules designed to protect new housing developments against flooding could be broken amid reports that a deal has been reached over who pays to maintain anti-flood features.
Christmas storms tipped to cost industry £400m
The UK insurance industry is facing a bill of around £400m for storms and flooding throughout December and January, PwC insurance partner Mohammad Khan said today.
Cost of home insurance expected to fall despite flood claim increases
Growth in price competition could see rate reductions of up to 10%.
Penny Black's Insurance Week
While Penny enjoyed snuggling down in front of the fire with a bottle of sherry and a big box of champagne truffles to watch Downton Abbey this Christmas, she was less obsessive about festive film viewing than the Towergate office, where one member of…
Floods minister prioritising storm response alongside insurers
Environment Secretary Owen Paterson has described flood management as “a real priority” as government continues to work closely with local councils and the insurance industry to ensure residents and business owners get the help they need following the…
Restoration work gathers momentum as EA issues flood warning
Residents and business owners in the South West, Oxfordshire and Dorset have been urged to prepare for more flooding following torrential rain and strong winds this morning.
Environment Agency warns of 'danger to life' in 21 flood zones
The Environment Agency has issued 21 severe flood warnings across the UK , noting that storms hitting the UK could threaten lives locally.
ABI has 'no plans to bring Flood Re forward'
The ABI has rejected calls to bring the implementation of Flood Re forward in the wake of severe flooding over the Christmas period.
Home insurers expected to pass on 2013 savings to consumers
Home insurance premiums could fall by at least 5% this year as home insurers pass on the benefits of achieving their best set of results in almost two decades.
Christmas storms unlikely to halt sliding premiums
Storms which battered the UK over the Christmas period are unlikely to contribute to reversing tumbling home and motor premiums according to the AA.
Adjusters on alert as pre-Christmas storms forecast
Loss adjusters are putting contingency plans in place for the Christmas period following Met Office flood warnings for parts of England and Scotland.
Further storms predicted next week as insurers remain vigilant
Insurers have been warned that much of the UK will be impacted by storms that are set to wreak havoc on homeowners and commuters next week.
Flood victims face health risks due to drying delays
Hundreds of flood victims are waiting over a week for contractors to begin drying work on flooded properties, one of the technical committee of the new PAS 64 standard on flood damage restoration has claimed.
Industry plays down impact of St Jude and Xaver storms on full-year results
Losses expected to be ‘in tens of millions, not high hundreds of millions’.
Recent floods could cost the industry £100m
Claims arising from the coastal floods that hit parts of the UK last Friday could potentially reach £100m, according to PWC estimates.
RSA deploys emergency vehicle in Lincolnshire
RSA has deployed its emergency response vehicle to Boston in Lincolnshire to assist people affected by flooding.
Loss adjusters seeing steady flow of storm claims
Loss adjusters are praising flood defence mechanisms in standing up to yesterday’s storm which has seen the east coast of the UK battered by surges and high tides.
Severe flood warnings in place across the UK as storm sees thousands evacuated
Two people are known to have died while thousands more were evacuated from their homes as a tidal surge battered coastal towns along the east coast of Britain.
GAB Robins issues amber alert on east coast weather warnings
Loss adjuster GAB Robins will be mobilising additional field teams to the east coast in preparation for the predicted storm expected to bring gale-force winds, heavy rainfall and possible coastal flooding to the area.
DLG issues advice to customers in face of weather warnings
Direct Line Group has issued advice to its customers following warnings of high winds and flood risks issued for various regions in the UK.
AA issues flood warning to car and home owners
The AA’s specialist severe weather team is being deployed in North Wales, Scotland and Eastern England coastal locations today as warnings of coastal flooding from the Environment Agency, Scottish Environment Protection Agency and Met Office escalate.
Aon Benfield subsidiary launches flood cat model in Netherlands
Aon Benfield’s catastrophe modelling centre has launched a model to understand the financial impact of flood damage in the Netherlands for property and motor.
ABI property boss Kerr defends SME's exclusion from Flood Re
The Association of British Insurers' head of property has dismissed concerns raised by the British Insurance Brokers' Association relating to the omission of SMEs from Flood Re by claiming there is "no evidence" to support their inclusion.