Flooding in Northern England Becomes U.K. Election Issue November 13, 2019 By Robert Hutton Boris Johnson deployed extra troops to help flood-hit parts of Northern England as he tried to ensure that a natural...
EU to Pay €60M to Britain for Repair of 2015-16 Flood Damage – Despite Brexit April 5, 2017 Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods...
PERILS Discloses Final Loss Estimate for UK Storm Desmond of £604M December 2, 2016 PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec....
PERILS Revises Loss Estimate for UK Floods from Storm Desmond to $861.4M June 3, 2016 The insured property loss estimate for floods that hit the UK from Dec. 4 to 24, 2015, following Storm Desmond...
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...
PERILS Raises Insured Property Loss Estimate for UK Storms Eva & Frank to £578M March 24, 2016 Property insurance market losses from flooding brought by UK storms Eva and Frank have risen to £578 million ($818.9 million),...
Fitch Upgrades Ageas’ IDR to ‘A’, Following Former Fortis Group Settlement March 18, 2016 Fitch Ratings has upgraded Ageas SA/NV’s long term Issuer Default Rating (IDR) to ‘A’ from ‘A-‘. The outlook on the...
Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses March 16, 2016 Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by...
PERILS Reduces Loss Estimate to £662M for Floods from UK’s Storm Desmond March 4, 2016 PERILS AG disclosed its second, revised loss estimate for the floods which hit the UK from Dec. 4 to 24...
Swiss Re’s 2015 Net Income Rises 31% to $4.6B; Q4 Profit Up to $938M February 23, 2016 By Jan-Henrik Foerster and Jeffrey Voegeli Swiss Re AG reported fourth-quarter profit that beat estimates after a quiet year for natural catastrophes and announced that Christian...