Catastrophe plans to the fore

Sara Greenland

Sara Greenland reflects on how the insurance industry has learnt to respond to flood disasters

It remains to be seen how the insurance industry's response to the floods in Cumbria will compare with its efforts almost exactly one year ago. While journalists may berate politicians for describing these events as unprecedented, in this instance its use is not about political blame-avoidance: you have to go back to 1844 to find events that parallel those unfolding in Cumbria. The relentless rainstorm was caused by a prolonged flow of humid air that originated over the sub-tropical waters of

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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