Flood Insurance
Earlier this month the Caribbean Development Bank (CDB) approved grant assistance of $2.37 million to the Government of Haiti to meet the country’s insurance premium for coverage provided by the…
The Insurance Council of New Zealand reported today that the June storm that caused extensive flooding in Dunedin and the Otago region will cost insurers over NZ$28 million ($18 million…
According to analysis by Impact Forecasting, Aon Benfield’s catastrophe model development team, the severe weather and floods that hit Texas and Oklahoma during May 2015 will likely result in $3…
During a recent APEC seminar on “Disaster Risk Finance – APEC Roadmap for Resilient Economies” Richard Poulter, a specialist on disaster risk financing and insurance from the World Bank, suggested…
A new report by the Centre for International Governance Innovation (CIGI) claims that climate change will erode the conditions necessary for property insurance to remain available and affordable in many…
Last week, a team of private sector companies announced the first step toward creating a new financial product designed to support risk reduction projects and resilient infrastructure investment. Together with…
The new UK flood insurance scheme “Flood Re” has been given the green light from the European Commission and has taken another step forward to launching. The expected launch date…
A new campaign to raise the issue of long-term flood defence investment and land and water management in the UK has been launched today. Behind the “Flood Free Homes” campaign…
New flood data provided by JBA Risk Management is now included on digital maps at Landmark Labs. Currently there is a sample dataset available for the town of Goring-by-Sea in…
Yesterday the UK government and Association of British Insurers (ABI) announced the final agreement securing the development and delivery of Flood Re, the new flood insurance scheme for the UK.…
New Zealand has been battered by a series of earthquakes, storms and cyclones over the last 2 years. The years 2013 and 2014 were among the most expensive years for…
Disasters linked to climate change could cost insurance companies billions of dollars, but a new survey finds that many of them − particularly in the US − are paying scant attention…
Flood Re, the not-for-profit flood insurance fund in the UK, has published a tender for the services of a Retrocession Broker. Flood Re was set up to ensure that flood…
Just 2 weeks after the Lib Dems called for increased spending on flood control in the UK, earlier this week was the turn of the insurance industry. The Association of…
September is National Preparedness Month, and the latter half of the year is an ideal time for people to review their insurance policies. Understanding the details of what specific policies…
According to Aon Benfield, the reinsurance intermediary, global flood events during August 2014 caused $4 billion (US) in economic damage and caused 478 deaths. In their Impact Forecasting Global Catastrophe…
