Flooding
Insurers facing St Jude storm bill
Accountants warn of impact of UK storm as winds gust up to 99mph
AA Index shows home insurance premiums falling
Home insurance premiums have continued to fall according to the AA’s latest British Insurance Premium Index.
Flood Re: SMEs left at risk, say brokers
The replacement for the Statement of Principles comes under attack
Here's hoping Flood Re doesn't sink to a halt
The UK is widely accused of thinking big and then dragging its heels in terms of delivering landmark projects and proposals.
LSE study warns that Flood Re is "unsustainable"
The Flood Re agreement struck between the government and insurers is at risk of being "unsustainable", a study has warned.
Biba questions new government flood agreement
The British Insurance Brokers’ Association (Biba) has responded to the Department for Environment, Food and Rural Affairs' (Defra) flood insurance consultation with concerns over a lack of cover being available for small businesses and some UK…
BPF warns that Flood Re will leave "thousands" of SMEs adrift
The British Property Federation (BPF) has warned that Flood Re will leave "thousands" of SMEs unable to afford insurance cover.
L&G broker director sets sights on motor market entry
Legal & General's (L&G) broker and intermediary director Mark Holweger has set his sights on entering the motor market in partnership with brokers later this year.
ABI’s flood solution gets the nod
Government strikes provisional deal over Flood Re
Motor and home insurance premiums fall again in Q2 2013
Motor and home insurance prices “plummeted” in the second quarter of 2013, according to the most recent AA British Insurance Premium Index.
Biba turnover rises by 9% to hit £3.5m
The British Insurance Brokers' Association (Biba) saw its turnover rise by 9% to reach £3.5m for the year ended 31 December 2012.
Defra and ABI had 60 meetings in Flood Re countdown
The Department for Environment, Food & Rural Affairs (Defra) has had 60 meetings with the Association of British Insurers (ABI) to discuss the future of flood insurance since January 2012.
Insurers welcome end to Statement of Principles uncertainty
Outgoing Allianz UK CEO Andrew Torrance has described the Flood Re deal to replace the Statement of Principles (SoP) as "a step in the right direction".
Deal finally struck to replace Statement of Principles
An agreement has finally been struck between the government and insurers to replace the Statement of Principles (SoP) and "guarantee" affordable flood insurance for homes.
Insurance claims handler sentenced after £7,000 flood fraud
An insurance claims handler who swindled almost £7,000 from her employer to fund shopping trips has been sentenced.
Axa UK chief warns of "unsellable" homes with flood deal almost up
Axa UK's group chief executive Paul Evans has warned that hundreds of thousands of homes will be "unsellable" unless an agreement is struck on the future of flood insurance.
The state we’re in
If the UK is to avoid another economic crisis in the near future, insurers and the government need to join forces to tackle flood insurance, says Tony Cornell
Hiscox CEO attributes profit jump to 2012 catastrophe fall
Bronek Masojada, CEO of Hiscox, has described 2012 as a “very good year”, following the release of its annual results.
Profits down but Allianz keeps commercial COR below 100%
Allianz has reported a reduction in operating profit of 4.3% to £161.5m for 2012, down from £168.7m in 2011.
Ageas commercial COR improves to 109.9%
The new chief executive of Ageas UK, Andy Watson, has hailed the provider’s record profits while admitting it would not be looking to grow in commercial lines in 2013.
ABI calls for greater political commitment to flooding plans
The Association of British Insurers (ABI) has called for cross-party political support to ensure that the UK can properly tackle flood risk.
Motor continues to fall as home rates flat, says AA
The latest benchmark British Insurance Premium Index from the AA has shown that the downward trend in average quoted premiums for annual comprehensive car insurance policies continued over the fourth quarter of 2012.
Flood risk homeowners hit with £20,000 excess
Homeowners in areas prone to flooding are already facing excess levels up to £20,000 on their insurance policies, according to the AA.
Deloitte predicts 2012 household insurance profit
Deloitte has forecast that insurers will make a 2012 household insurance profit, the fifth year of profitability in a row.