Windstorm cost warning
Risk Management Solutions said a repeat of the great windstorm that hit southern England and northern France in October 1987 would result in insured losses ranging between £4bn and £7bn across Europe. The storm caused £1.4bn of losses. First published, 15 October
Flood rate relief loss
Commercial properties affected by the recent floods could be losing up to £300m in rate relief, according to building specialist Johnson FM. First published, 15 October
Rising IT costs concern
Escalating IT costs are the biggest concern for insurance managers, according to research conducted on behalf of Esist Insurance Technology. First published, 15 October
SME technology warning
Insurers and businesses must work together to make more SME technology risks insurable, according to an NIG report. It said that over two thirds of SMEs were now using broadband and were becoming dependent on it. First published, 12 October
D&O relaunch for Markel
Markel relaunched its directors’ and officers’ (D&O) policy to reflect a heightened risk exposure for UK directors. The insurer said legal changes, most notably in the Companies Act 2006, which came into force on 1 October, had prompted 20 modifications in the policy wording. First published, 15 October
