Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap January 24, 2019 By L.S. Howard The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues...
UK Insurers Aviva and RSA Report Higher H1 Profits, Shrug Off Brexit Fallout August 4, 2016 By Sarah Jones Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half...
Flood Damage from UK’s Winter Storms to Cost Insurers $2 Billion: ABI May 25, 2016 Flood damage in Britain from winter storms has resulted in claims for more than 15,000 homes and businesses and is...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners April 4, 2016 By L.S. Howard The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to...
UK’s Flood Re Secures $3B Reinsurance Program; Scheme to Launch in April February 4, 2016 Flood Re, the UK’s new flood reinsurance scheme, has successfully secured a £2.1 billion ($3 billion) multi-year reinsurance program. Flood...
Tighter Construction Rules Would Help Minimize U.K.’s Flood Damage: Report January 6, 2016 By Jill Ward Tighter construction restrictions and incentives to build outside flood-prone areas would minimize damage to the U.K. economy from heavy rain...
Flood Claims to Hit U.K. Insurers’ 2015 Earnings: A.M. Best January 5, 2016 Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a...
Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion December 30, 2015 By Carolyn Cohn and Kate Holton Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some...
Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead December 29, 2015 By Noor Zainab Hussain and Simon Jessop Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace...
JBA Releases Comprehensive UK Flood Model before Flood Re Launch December 18, 2015 UK-based JBA Risk Management, a global provider of flood modelling services for insurers, reinsurers, and property or asset managers, announced...