Flooding
Flooding reaches 23 Thai provinces
As a result of a heavier than usual monsoon season, 23 Thai floods are now experiencing flooding affecting 1.5m people.
APPG calls for mixed properties to be included in Flood Re
The All Party Parliamentary Group on Insurance and Financial Services has called for residential homes which are used as commercial premises to be covered under the government’s proposed Flood Re scheme.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Vienna Insurance Group sees pre-tax profits slashed by floods
Austria’s biggest insurer has seen pre-tax profits drop by almost 32% following severe flooding in Central and Eastern Europe.
Insurance Insight Asia editor talks Philippines flooding to BBC
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
Insurance Insight Asia editor talks to BBC on Philippines flooding
With businesses in the Philippines are still dealing with the aftermath of Tropical Storm Trami, Insurance Insight Asia editor Andrew Tjaardstra spoke to the BBC's Rico Hizon about what is happening and the cost of such natural disasters.
Flood Re unlikely to provide long-term solution, researchers say
The Flood Re scheme is unlikely to work for the long-term as it fails to take into account the flood risk increase that climate change poses, the Centre for Climate Change Economics and Policy and the Grantham Research Institute on Climate Change and the…
Heavy flooding in China kills more than 90
Hundereds of thousands of people have been caught up in the worst flooding in decades in North-East China and also in Guangdong province, South China, with at least 90 people being killed.
Zurich's results hit by floods in Europe
Zurich has reported a business operating profit of $2.3bn for the first half of the year (till 30 June), down 9% over the same period in 2012, and a net income attributable to shareholders of $1.9bn, down 17%.
Biba vents concerns over flood cover in consultation response
The British Insurance Brokers' Association is concerned small businesses currently covered under the Statement of Principles will not be covered by the four proposals outlined in the government consultation on the future of flood cover.
Endsleigh: 44% of students do not have insurance
Just under half of all UK students do not have an insurance policy covering their possessions according to research from Endsleigh and the National Union of Students.
Limited impact from European Floods sees Kiln raise name syndicate forecasts
Kiln has boosted its return on capital forecasts for Lloyd’s names-backed non-life syndicates following strong performance.
Property Federation calls for Flood Re to cover SMEs
The British Property Federation has called for SMEs to be included in the Flood Re directive.
Swiss Re net income soars to $786m in Q2 2013 despite nat cat hit in P&C
Swiss Re this morning reported net income of US$786m (Q2 2012: US$83m)in the second quarter of the year on premiums earned of $6.8bn (Q2 2012: US$6.1bn).
Monsoon rains cause havoc in the Philippines and Myanmar
Over 120 000 have been displaced in the Philippines and Myanmar following severe flooding from monsoon rains.
Benign cat year and subrogation help Hiscox’s profits soar
Hiscox UK’s chief executive Bronek Masojada has attributed the insurer’s record £34m profit before tax to an absence of natural catastrophes.
Midlands property claims spike after heavy rains
Heavy storms have generated a surge in claims for adjusters, with some regions receiving as much as 2 inches of rain in half an hour.
Perils publishes Maximum Flood Extent Map for European floods
Perils AG, the independent Zurich-based provider of industry-wide catastrophe insurance data, today released its Final Maximum Flood Extent Map for the floods which affected Central Europe in June 2013.
$20bn of natural disaster insured losses in first half of 2013
Global natural disaster losses during the first half of 2013 on both an economic and insured basis were each below the recent 10-year (2003-2012) averages according to Impact Forecasting.
Ergo's 'AA-' financial strength rating affirmed by Fitch
Germany-based insurers Ergo Life and DKV have had their insurer financial strength ratings affirmed at 'AA-' by Fitch.
Aspen puts Q2 cat losses at £39m
Bermudian insurer Aspen has announced an initial loss estimate of $59m (£38.8m) for the second quarter of 2012.
Aon faces $1m Superstorm Sandy lawsuit
A New York based-contractor is suing Aon Risk Services for more than $1m for allegedly failing to obtain adequate coverage for the firm, which suffered losses following Superstorm Sandy.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.