Flooding

The week that was

This was a bad week for the insurance industry in terms of press – consumer group magazine Which? in particular had a field day, accusing insurers of charging customers exorbitant ‘hidden fees’ to make run of the mill changes to policies.

XL reports $475m loss

XL has reported a net loss of $475m (£301.3m) for 2011 along with a combined operating ratio of 107.5% for property and casualty (P&C) business.

Broker's Ark

If you’ll excuse the mixed metaphor, I think the topic most likely to explode in insurance land this year is flooding.

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