Insurance claims

Hometrack Sees Flood Risks Affecting Property Values

If UK governments keep allowing developers to build new housing estates of 200-2000 units on land that is prone to flooding, what is the risk outlook for insurers? Especially if the Flood Re scheme ends […]

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Insurance claims

Property investors encouraged by new DEFRA Flood Re promise

The British Property Federation (BPF) has welcomed a change to Flood Re scheme which will see leasehold properties in blocks of three or fewer flats included, but has warned that this still does not offer security to a high number of homeowners […]

Household Insurance

Westminster should probe comparison sites

If yesterday’s hearing at the House of Commons Environment select committee on floods proved anything, it is that they must include comparison web sites and major distributors within their probe. Aggregators’ low-fi approach to selling […]

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Global insurance trends

Major risks threaten frontline services says Zurich report

The future of many hospitals, local authorities and charities is at stake as the UK faces an increase in major incidents, warns a new report out today. The Risk and Response report, produced by Zurich […]

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Insurance & Reinsurance

Micro-insurance expanding rapidly says Munich Re & ILO

The number of microinsurance schemes worldwide has increased substantially over the past five years and now reaches an estimated 500 million worldwide, according to the Microinsurance Innovation Facility of the International Labour Organization and the […]

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Household Insurance

Update: Marsh UK flood cover has insurer backing

Global broking group Marsh said its affordable flood insurance plan has “critical mass”, despite pessimism from one commentator today.

Marsh and its sister company Guy Carpenter announced ‘Project Noah’ which they claim can secure affordable flood insurance for at risk properties in the UK, only to have the idea chastised following a tweet from an Insurance Edge reader.