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Premium prices provide consumers with some respite

ILC Article https://www.iloveclaims.com/home_claims/premium-prices-provide-consumers-with-some-respite/  The average price for home insurance has come down seven per cent in the last year, while contents insurance has fallen by 11%. This is according to the ABI’s latest Household Insurance Premium Tracker, which looks at the price consumers pay rather than the price they are quoted. It found the average…

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Flooding is ‘greatest natural disaster’ risk in UK – Flood Re and ABI

June 2021 – Clare Ruel, Insurance Times In a joint report, the ABI and Flood Re underline the importance of maintaining flood defences Flooding is the ”greatest natural disaster” risk in the UK, with losses suggested at around £958m a year minus defences, according to a joint report from the Association of British Insurers (ABI)…

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Covéa Insurance deploys leak detecting tool for HNW clients

June 2021 – Isobel Rafferty, Insurance Times The reinvigorated 2017 partnership will ‘make strides’ in ensuring home water leaks are ‘a thing of the past’ Covéa Insurance has struck a partnership with Internet of Things-enabled water leak detection business LeakBot. The insurer will begin rolling out LeakBot devices to its high net worth (HNW) customers across…

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40% of UK homeowners don’t have accidental damage contents cover

December 2020 – Clare Ruel, Insurance Times. New data from a home insurance comparison website reveals that premium prices have seen little change and that many do not protect their home contents Nearly half (40%) of UK homeowners do not take out accidental damage cover for their home contents, however there is little change to…

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AXA XL confirms plans to sell private client’s business to Aviva

    After rumours began circulating that AXA XL were looking to sell it’s private client business to fellow insurance giant Aviva. A statement was released confirming these plans. The company outlined that it has been looking to re-position it’s UK & Lloyd’s business to focus on optimizing it’s portfolio to fit strategically within the…

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Storm Christoph: Sandbags issued in South Yorkshire as lashing rains loom

People urged to brace for floods, gales and snow, with parts of England expecting 200mm downpours The river Thames remains high in Maidenhead . Photograph Maureen Mclean/Shutterstock A major incident has been declared in South Yorkshire as Storm Christoph is set to bring widespread flooding, snow and gales to parts of the UK. People have…

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UK weather: Beast from the East might return next week, says Met Office

Snow forecast in Scotland and north-east England and wintry weather in central England    Photograph: Sam Mellish/In Pictures/Getty Images Snow is likely to fall across many parts of northern England on Thursday, with the possibility of a Beast from the East 2 in the middle of next week. The Met Office said freezing rain could…

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UK Heatwave: Thunderstorms forecast after scorching temperatures

  Stonehaven in Aberdeenshire has seen flooding this week     PA MEDIA   Warnings of thunderstorms are in place across swathes of the UK after some areas saw the longest stretch of high temperatures since the 1960s. Yellow storm warnings apply to much of England, Wales, parts of Northern Ireland and south-west Scotland following highs…

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