UK Plans to Spend $6.6 Billion on Building Flood Defenses Through 2027 July 14, 2020 By Alex Morales Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government...
UK Insurers Could See Underwriting Losses After Storms Ciara, Dennis: Fitch February 21, 2020 Losses from storms Ciara and Dennis, which brought strong winds, torrential rain and widespread flooding to the UK, will increase...
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...