Storm
Storm Thomas loss estimated at €213m
Perils has made an initial loss estimate for February’s Storm Thomas of €213m (£182m).
Climate change: insurers feeling the heat
The global risk landscape is currently dominated by environmental upheavals caused by climate change. The resulting catastrophes are of concern to people in general and insurers, in particular, tasked as they are with underwriting and managing ever…
Insurers see 300% surge in claims as a result of Storm Doris
Insurers expect to see as many storm claims in the next two days as they’ve seen for the whole of the year so far.
Insured nat cat losses total $39.5bn in 2016 says Willis Re
Global insured natural catastrophe losses totalled $39.5bn (£31.3bn) in 2016, the highest market losses since 2012’s $60bn, according to Willis Re.
US weather losses exceed $1bn in January
Losses caused by severe weather outbreaks in the United States have exceeded $1bn (£800m) in January, according to the latest Aon catastrophe report.
Spotlight: Claims Assistance: Ignore at your peril
Dissatisfaction over clarity during the claims process has been highlighted by the recent Financial Conduct Authority review. What can the industry do to make the system work better?
Live cover: There's no business like show business
The media has helped to publicise the importance of live event promoters having insurance to safeguard against shows having to be cancelled or abandoned due to unforeseeable events.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
Final Perils loss estimate for Storms Eva and Frank hit £504m
Catastrophe data firm Perils said flooding linked to storms Eva and Frank caused insured losses of £504m.
Storm Barbara ‘could be first major test of Flood Re’
Home owners should take extra steps to ensure they have sufficient cover this Christmas owing to the risk of flooding from Storm Barbara.
Blog: Insurers must prepare for disasters
Planning the response to large-scale catastrophes is a must for all general insurers.
Tackling flood risk needs a collaborative effort, says Flood Re chairman
Insurers, environment agencies and government need to collaborate if they are to tackle the threat of flooding effectively, said Mark Hoban, chairman of the board of directors at Flood Re.
Storm Angus brings flooding, damage and destruction to the UK
Large parts of the UK have been warned of further flooding and bouts of strong winds as a result of Storm Angus, the first named storm to hit the UK this year.
Ageas sees profits fall on back of summer storm damage
Ageas has seen profits of £43m in the third quarter, a fall 8% from £46.9m in the same period last year.
Ageas sees GWP growth despite weather claims hitting profits
Ageas has seen its consolidated UK combined operating ratio rise to 100.1% for the first half of 2016 as a result of flash floods and storms in June.
East coast storms to cost Australia's insurers A$235m
According to the Insurance Council of Australia June's east coast storms will cost insurers A$235m (£120m) in claims.
IAG receives 10,000 claims from storms
Australian giant IAG has received around 10,000 claims from Australia's deadly east coast storm.
Insurance Council of Australia declares catastrophe in Tasmania and Victoria
As the result of a deadly east low storm, the Insurance Council of Australia has declared a catastrophe in Tasmania and Victoria after a similar declaration in New South Wales yesterday.
Perils loss estimate for Storm Desmond falls by £65m
Catastrophe data firm Perils has revised its loss estimate from Storm Desmond down to £597m, from £662m in its last report.
European windstorm tops Perils exposure list for 2016
European windstorm has topped Perils’ industry exposure database in 2016 with €54trn (£42trn) of insured property values.
O'Roarke confident broker division will return to profit
Bad weather, claims inflation and the distribution of large losses were the drivers of LV's general insurance broker division reporting a loss in 2015, but GI managing director John O'Roarke is confident that segment will make a return to profit.
Perils revises down Desmond flooding costs estimate
Catastrophe data specialist Perils has revised its storm Desmond flood property insurance market loss estimate to £662m down from £717m.
Storm and flood claims to cost Lloyds Banking Group £60m
Lloyds Banking Group expects to fork out around £60m on claims for household damage caused by the floods and storms that wracked the UK over December and the New Year.
Flood losses caused by storms Eva and Frank hit £526m
Insured property market losses resulting from flooding caused by storms Eva and Frank in December and from further low pressure systems last month totalled £526m, according to the catastrophe insurance data firm Perils.