Subsidence
Fitch warns of deteriorating outlook for UK insurers
Fitch Ratings has delivered a split forecast for 2023 with the outlook for company market insurers deteriorating while London Market players have a ‘neutral’ ranking.
EY: UK motor and home insurers to report largest losses in a decade
According to a report by EY, UK motor and home insurers are expected to make the biggest annual loss in over a decade this year, with further losses forecast for 2023.
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.
LV issues fire and subsidence warning amid heatwave
LV Insurance has warned that the claims for heat and fire have increased due to the extreme weather the UK is currently experiencing.
Uinsure expands into non-standard home insurance
The InsurTech firm now provides quotes for categories including holiday homes, non-standard construction, listed buildings and homes subjected to previous subsidence and flooding.
Subsidence to schemes – the industry issues brokers clicked on in October and November
The market has also been keen to learn more, via sister site Insurance Hound, about business interruption, Brexit and construction plant theft.
UK subsidence claims jump to £64m in Q3 2018
July, August and September saw highest level of subsidence claims since the record-breaking heatwaves of 2006 and 2003.
AA reports flat home insurance premiums for Q3 2018
The cost of insuring a home “remains remarkable value for money”.
Equity and Cunningham Lindsey in claims partnership
Equity Red Star’s home insurance division has paired up with Cunningham Lindsey UK to form a dedicated claims team.
Axa warns of home insurance claims surge
Home insurance claims are set to rise in the coming year due to the increased number of events taking place this summer, according to research conducted by Axa Personal Lines.
Innovation Group wins £40m claims contract with RBSI
Innovation Group has signed a £40m contract with RBS Insurance (RBSI) to handle its subsidence claims.
Regional power hour - Bristol: When it rains, it pours
This month's power hour, sponsored by Ecclesiastical and held in Bristol, looks at the growing impact of climate change on the industry - particularly that of flooding. Martin Friel reports.