Flooding
Worries remain on subsidence but claims volume still uncertain
Earlier this month LV released figures showing that subsidence cases were up by 205% between June and July, and warned that they were likely to increase even more.
Two-fifths of London businesses at risk of flash flooding
Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital.
Experts warn clients will look elsewhere if brokers ignore parametric insurance
Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream.
Flood Re posts 18% policy growth
Flood Re has reported covering 256,634 policies in the year ended 31 March 2022, up 17.7% on the previous 12 months.
In Depth: The impact of flooding on HNW clients
Sam Barrett examines the future for flood insurance in the high-net-worth space
FloodFlash stakes claim for 'smart quote' as "paradigm shift" in mass market parametrics
FloodFlash has released 'smart quote' in its biggest update to its broker platform since launching in 2019.
ABI puts February storm payouts at £500m
The Association of British Insurers has updated that insurers are facing a £497m bill from storms Dudley, Eunice and Franklin which battered the UK in February.
Flood Re launches resilience initiative
The government-backed Flood Re schemes has developed the Build Back Better scheme to help make homes more resilient against flooding.
Biba develops flood product for SMEs
The body has worked with Mi Commercial Risks to extend its flood scheme.
BI highlighted as commercial flood risk issue
A survey by parametric provider FloodFlash saw 71% of brokers say they have had to handle flood incidents for clients.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.
Biba focuses on ‘managing risk’ as manifesto theme
The trade body launched its manifesto and revealed UK brokers arrange £74bn of insurance per year.
Insurance Age year in review - Andy Bord
Andy Bord of Flood Re reflects on the challenges and opportunities of 2021 and points out what 2022 might hold for the insurance industry.
News analysis: How climate change impacts risk development
Brokers tell Insurance Age about the way the risk landscape has morphed as a result of climate change and what advice they should be sharing with clients.
Zurich unveils flood resilience initiative
Insurer says it has transformed the way it handles flood claims for both direct and broker business following a warning by the Environment Agency (EA) that the UK must “adapt or die” to climate change.
IPT untouched in latest Budget
While the tax cut on flights ahead of COP26 grabbed headlines, brokers breathed a sigh of relief as hated insurance premium tax remained at 12%.
Biba hopes "win-win" flood directory will help improve industry reputation
Executive director Graeme Trudgill says signposting service is a chance for the industry to come together and urges brokers to get involved.
Biba, ABI and Flood Re open registration for flood directory
The directory is set to launch later this year and the organisations are now calling for specialist brokers and providers to register to be part of the service.
Blog: Modelling the risk of flood
FOIL’s Laurence Besemer explores the flood solutions designed to better model risk and help those in danger of this catastrophic peril.
Open GI, Plum Underwriting and Verisk team up on home offering
The organisations will initially collaborate to develop a home flood proposition for the broker market.
Blog: Flood resilience needs a multi-faceted data-based response
Richard Toomey, of Lexis Nexis explains how data can help the industry to protect customers from the increased risk of flooding.
Insurance Hound: Most read by brokers in February 2021
Which topics have been sparking brokers’ interest?
Video: Record flood claim settlement underlines value of parametric insurance
Floodflash founder CEO Adam Rimmer talks to Insurance Age content director Jonathan Swift about how it paid a Storm Christoph claim in January within 9 hours and 44 minutes.
Video: New research underlines need for brokers to educate over flood risk
Floodflash founder CEO Adam Rimmer talks to Insurance Age content director Jonathan Swift about a new survey it undertook that found that 48% of businesses worry about flooding as a threat to the UK economy.