Heathrow shutdown highlights need for specialist insurance advice
The fire which forced the closure of Heathrow Airport and affected more than 200,000 airline passengers world-wide, is a timely reminder of the need for businesses to use a specialist broker to ensure sufficiency of insurance cover is in place. Risk managers should seek specialist advice about the breadth of insurance options available, not just […]
Flooding could cost homes and businesses in England £818m by 2055
Homes and businesses most at risk of flooding across England could face at least £818m in costs by 2055. According to a new report from AXA UK there are an estimated 2.8 million properties in England already at risk of river and sea flooding and 3.4 million are at risk of surface flooding. The Environment […]
Natural catastrophes remain major risk for insurance sector
Satoru Komiya, the Tokio Marine President and Group CEO, believes natural catastrophes rather than a systemic cyber-attack remains the “biggest risk” to the insurance sector. Komiya said the insurance company “cannot run away from” natural catastrophe risk despite deepening concerns among investors and policymakers over rising industry losses linked to climate change. After successive years […]