Flood Insurance
BANGKOK, April 21 (Thomson Reuters Foundation) – When heavy rains triggered floods in China last year, washing away homes, causing landslides and flooding farmland, the damage resulted in overall losses…
With natural disasters forecast to worsen, vulnerable countries and aid donors should look to insurance to get faster payouts to those most affected and stop disasters spiralling into costly long-term…
As communities recover from the havoc wreaked by Cyclone Debbie, it’s time to accept that disasters will become more intense due to climate change and the cost of insurance will…
In the wake of 2015 Climate Paris Agreements to limit global temperature below 2°C above pre-industrial levels, many governmental and private stakeholders have advocated for the introduction of policies to…
A group in the USA representing environmental, insurance, housing and disaster mitigation interests is urging regulators to implement proposal to expand consumer choice for US flood insurance program. The National…
Preliminary estimates from the Swiss Re Group using their Sigma data suggest that total losses from disaster events for 2016 will be USD 158 billion, up from USD 94 billion…
ClimateWise, a global network of 29 insurance industry organisations which is convened by the University of Cambridge Institute for Sustainability Leadership, has warned of the urgent need to address the…
The Association of British Insurers (ABI) announced last week that UK insurers have a small army of people ready to go into immediate action in the event of any flooding…
The Association of British Insurers (ABI), the leading trade association for insurers in the UK, is advising anyone who has suffered damage caused by the floods and high winds as…
The Insurance Bureau of Canada (IBC) reports that a tropical moisture system resulting from Hurricane Matthew that swept through Atlantic Canada last month resulted in over $100 million in insured…
Insurance Bureau of Canada (IBC) reports that flooding which impacted the Windsor and Tecumseh areas of Ontario, Canada, at the end of September has resulted in almost $108 million in…
Following the devastating floods in the UK last winter, Aviva is launching a series of initiatives to improve its claims service to help recognise the emotional impact of flooding on…
A new, independent report launched today in the UK will help people better protect their homes and businesses from risk of flooding and recover more quickly if the worst happens.…
RMS, the world’s leading catastrophe risk management firm, estimates that insured losses for the U.S. from Hurricane Matthew will fall between $1.5 and $5 billion. In the Caribbean, RMS estimates…
The Association of British Insurers (ABI) is proposing the idea of traffic-light warnings on flood risk properties for sale in England and Wales. The warnings are intended to work in…
According to the insurance industry, there have been 15,700 disaster loss events since 1980, with 91% of those caused by weather-related extremes. In a new report, An Integrated Approach to Managing…
