Flood Re
More than nine out of 10 winter flood claims now settled, says ABI
More than nine out of 10 claims following the winter storms have been fully or partly settled, the Association of British Insurers has said.
Geddes ‘proud’ of Direct Line for Business as growth continues
Direct Line Group is putting ‘extra effort’ into its commercial business as gross written premium for Direct Line for Business increased by 8% in the first half of 2016.
Home premiums rise for third quarter running, AA reveals
New research from the AA has revealed a rise in home insurance premiums for the third quarter in a row.
Hiscox could set up EU carrier following Brexit
Hiscox could set up a separate EU registered business if the UK loses access to the common market, the company’s CEO has said.
Trade Voice: Biba's Steve White on how the times they are a changin'
It is in turbulent times that trade bodies can prove must helpful.
Aviva's Simon Warsop on flood resilience
Simon Warsop, chief underwriting officer for Aviva’s personal lines business, talks about recent flood debates and what action is needed now to protect homes and businesses next winter.
BIA 2016: People – young achiever, unsung hero, personality, achievement
Young Achiever Award; Unsung Hero; Insurance Personality of the Year; Achievement Award
Inet3 launches flood cover for non-standard home risks
Specialist property managing general agent Inet3 has launched non-standard home risks cover on Flood Re, with the support of a new learning hub for brokers.
Flood Re doubles insurer signings since April launch
The number of insurers signed up with Flood Re has more than doubled since the scheme’s April launch, it was revealed yesterday.
Blog: Government needs a plan of attack for flood defences
Phil Bird, pricing and underwriting director at Legal & General, argues the proceeds from the insurance premium tax rise must be spent on long-term strategy to protect home owners at risk of flooding
ABI warns of changes to broker commission
It is “only a matter of time” before regulators start to make broker commission more transparent, the Association of British Insurers warned today.
Blog: Flood Re is a sticking plaster
Flood Re, the scheme launched in early April to provide affordable home insurance for flood-prone regions, has real limitations.
Biba 2016: Biba ‘on track’ to develop flood insurance scheme for SMEs
A scheme to provide flood cover for most businesses should be launched by autumn this year, the British Insurance Brokers’ Association CEO Steve White announced today (11 May).
Home premiums rise but car rates stall, according to AA Q1 index
The AA’s British Insurance Premium Index for the first quarter of 2016 has shown a slight increase in rates for home insurance, with car premiums flat.
Storms: Tackling increasingly severe events
With rising temperatures and an increase in ever more costly incidents, how is the insurance industry coping with the hail of bad news?
Flood Re likely to be copied by other nations, ABI's Evans predicts
Flood Re is likely to be copied entirely or in part by other countries, according to Association of British Insurers director general Huw Evans.
Quiz of the week - 8 April
Test your knowledge of the week's insurance news with the Post insurance quiz of the week.
Cherish in talks to provide Welsh-translated Axa policy to broker Tarian
Essex-based wholesale broker Cherish Insurance Brokers is in discussions to translate its Axa policy into Welsh for bilingual high street broker Tarian, Post can reveal.
Biba urges cooperation to allow brokers to cede to Flood Re
The British Insurance Brokers' Association is urging insurers and software houses to cooperate to allow brokers to cede customers to Flood Re amid concerns its members are currently at a disadvantage to insurers' direct channels.
Axa steers customers to Flood Re-backed policies as scheme launches
Axa Insurance will contact its direct customers who would benefit from a Flood Re-backed policy to encourage them to cancel their existing policy for one backed by the new scheme.
Blog: How well did the industry really handle commercial customers during the winter floods?
With Flood Re finally launching today (4 April) after securing regulatory approval - in blockbuster movie style with moments to spare - attention will once again turn to the commercial policyholders who are, for now, excluded.
South East, Yorkshire and Humber named among Flood Re hotspots
Flood Re expects policyholders in the South East of England, East England, North West England, Yorkshire and Humber, and London to be the biggest beneficiaries of the scheme that went live today (4 April).
Flood Re updates, Legacy sell offs, fraudsters, lobbying and solicitors' PI
The best of Post the last week in case you missed it
Flood Re reveals Aviva, Direct Line and Lloyds Bank among launch insurers
Flood Re has revealed that more than half of the UK household insurance market by premium will be offering products backed by the provider when it formally launches next week