Flooding
AA welcomes extra flood defence cash
The AA Insurance has welcomed the news that the government will invest a further £120m on flood defences.
Floods may cause 50% home insurance premium spike
Home insurance renewal premiums could rise by up to 50% in wake of the latest floods, PricewaterhouseCoopers (PwC) has warned.
JLT warns of "economic chaos" after flood insurance impasse
JLT has warned that the current flood insurance deadlock could soon harm commercial insurance.
Fitch predicts flood insurance pool
Fitch has stated that the most likely solution to providing insurance coverage in high-flood risk areas of the UK is the introduction of a non-profit risk pool.
ABI claims government flood talks have hit deadlock
The Association of British Insurers (ABI) has claimed that government talks over securing long-term flood insurance for high-risk households have reached deadlock.
Insurers facing worst flood damage bills since 2007
British insurers are expected to face the worst flood damage bills since 2007, PricewaterhouseCoopers (Pwc) has warned.
Pressure predicted to build for household insurers
Ernst & Young has predicted a 95% combined operating ratio (COR) for household insurance across the industry for 2012 despite the impact of weather and flooding.
Broker Expo: Taking the regulation shackles off
Eric Galbraith, chief executive officer of the British Insurance Brokers’ Association (Biba) has reassured brokers that the trade body was urging government to “take the shackles of regulation off”.
Biba visits Downing Street
The British Insurance Brokers’ Association (Biba) has visited the Prime Minister’s office to raise a number of key broker issues.
AA urges government to make flood investment a "priority"
The AA has urged the government to make flood investment a "priority" or risk leaving homes uninsurable.
Zurich UK GI business reports drop in profit, GWP and COR
Zurich UK has reported a £52m operating profit for its general insurance (GI) arm in the first half of 2012.
L&G remains upbeat despite profit drop
Legal & General has remained optimistic in the face of falling 2012 half-year profits for its insurance arm.
RSA blames UK weather as group profits plummet by 40%
RSA has seen its group post-tax profits plummet by 41% to £164m for the first six months of 2012, down from £277m reported in the same period last year.
Editor’s letter - August 2012
“The non-stop rain, rain, rain – with the exception of a few days at the end of July – has seen insurance leading the news”
Here comes the flood
Brokers are hoping for a watertight solution to stem the tide of the UK’s flood insurance crisis
AA: Home insurance premiums remain flat in Q2 but set to rise
The average cost of an annual home insurance policy, both buildings and contents, fell slightly over the second quarter of 2012, according to figures released by the AA.
Time for some divination
Open your hands and lift your palms up to the light...
Insurers blasted for "continuing delays" over flooding deal
Insurers and the government have been slammed for their failure to reach an agreement over affordable cover for households at risk from flooding.
RSA reveals UK weather costs will hit £50m
RSA has calculated that it is facing a £40m impact on its book of business from the UK rain during June.
Home insurers’ underwriting profits increase
Deloitte has revealed that across the market home insurers posted a net combined operating ratio of 89% in 2011.
Video: What The Papers Say latest edition
In the latest edition of What The Papers Say, Mark Bishop, group communications manager at Allianz Insurance, reveals the public relations opportunities and threats for the industry posed by the claims arising from the recent floods.
God said to Noah
Everybody loves to talk about the weather, really, don’t they? They like to have a good moan, and compare horror stories. And recently, there have been some great reasons to do so.
Severe weather leads to spike in motor claims
A fortnight of severe weather has led to motor claims totalling at least £35m, according to AA Insurance.
Flood levy could add 10% to home insurance premiums
The environment secretary, Caroline Spelman, has proposed adding a levy to all home insurance policies in order to raise enough money to cover damage in the aftermath of severe flooding.