Insurers to discuss flood claims
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Representatives of insurance firms are meeting ministers to discuss claims following the recent floods.
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The City watchdog asks insurers and brokers to inform on firms that they think are committing fraud.
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Insurers were sending loss adjusters to the coastal village of Boscastle today to begin assessing the damage caused by the flash floods.
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The insurance industry says claims relating to the floods which hit parts of the UK in June will total Â£1.5bn.
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Stricter planning controls are needed if flood insurance is to remain widely available, says the main insurance body.
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Natural disasters will cost insurers a record &#36;35 billion this year, after hurricanes lashed the Caribbean and southeastern United States and a record 10 typhoons soaked Japan in events seen as linked to global warming, climate experts said on Wednesday.
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Insurers could face a Â£350m bill for damage caused by storms that lashed the UK in January, experts say.
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Water levels in areas worst-hit by flooding are falling but may take three days to clear, firefighters say.
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The Sri Lankan cricket side will meet on Monday afternoon to discuss whether or not to call off their of New Zealand in the wake of devastating floods hitting their homeland and causing the deaths of over 4000 people.
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The Swiss insurance group Zurich Financial Services said Tuesday that it expected that claims from floods in Britain in July would reach up to 260 million dollars.
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State Farm Mutual has reached an agreement with the Mississippi Insurance Commissioner to reopen disputed cases involving homes destroyed in Hurricane Katrina in 2005, the insurer said on Wednesday.
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Communities Secretary Hazel Blears says local authorities will be given financial aid to help deal with flood damage.
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Louisiana's state-run insurer is nearing a mass settlement with homeowners that would be the first deal of its kind in the state since hurricanes Rita and Katrina led to thousands of lawsuits, an attorney for the homeowners said Monday.
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CREDITOR countries in the Club of Paris, which includes Australia, are to discuss public debt owed by countries hit by the quake disaster in Asia at a meeting planned in Paris for January 12, a source for the creditors said today.
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Two more insurers on Thursday joined  the growing chorus warning that recent U.S. hurricanes would  cause earnings for the third-quarter to miss projections -- and  analysts said they expect more warnings.
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Insurers could face their biggest-ever hurricane damages bill following a spate of storms in the Caribbean, an industry body says.
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Florida insurance companies can cover the losses of Hurricanes Charley and Frances, even if a few small insurers fail, the state&#39;s chief financial officer said Tuesday.