QBE Insurance’s Post

Insurer QBE Insurance Australia's CEO Sue Houghton provides insights on the unprecedented 2022 floods at a government inquiry. Highlighting complex economic factors like geopolitical tensions and market volatility, Houghton sheds light on the challenges faced during recovery. https://hubs.la/Q02lQW-R0 #QBEInsurance #FloodInquiry #2022Floods #EconomicChallenges

A great article by our brilliant client director Suzi Rackley DIP CII and a great example showing our care for clients does not just focus on their short term requirements (e.g. most favourable cover and terms at the most favourable price) but what impact insurance will have on them in the long term. Flood Re has been a great tool but each year we are seeing more and more insurer's rely on this to take properties at risk of flooding on (n.b. particular post london floods in 2021). It is vital we start opening the dialogue about the future of the clients utilising floodre now so they can plan ahead for 2039 and not be in for a shock #beyondinsurance #flood #floodre #householdinsurance #howden

Climate change is no longer something that may happen in the future. We’re living it now, and it’s common knowledge that the UK is facing wider spread flooding in the near future. Here, Suzi Rackley DIP CII, Client Director at Howden, talks about the impact of flooding, the Build Back Better scheme, and how the broking industry and insurers should grab the opportunity to help shape the future of flood insurance: https://lnkd.in/eEZcvPbJ

Canada experienced $3.1 billion in insured losses driven by severe weather in 2023, according to the Insurance Bureau of Canada (IBC) and Catastrophe Indices and Quantification Inc (CATIQ). This is fourth-worst year for losses in the nation’s history, with a record-breaking increase in wildfires nationwide, while flooding continued to cause destruction in nearly every region across Canada.

Flood insurance claims can be complex and daunting, especially for Micro, Small, and Medium Enterprises (MSMEs) that may lack the resources and expertise to navigate the process effectively. Understanding the best practices for filing and managing these claims is crucial to ensure a quick recovery and minimize financial losses. This webinar, "Do’s and Don’ts for  Flood Insurance Claims for SMEs/MSMEs" on on Friday 4th October 2024 | 3:00 - 4:00 PM is designed to provide the participants with a comprehensive understanding of the do’s and don’ts in flood insurance claims. From preparing documentation and understanding policy coverage to avoiding common pitfalls, the expert panel will guide participants through the entire process to help secure the best possible outcome for every business. This session will cover the critical steps a business will need to take before, during, and after a flood event, offering practical insights and actionable tips to maximize the claim and expedite the settlement process. To Register : https://lnkd.in/gt6VgnsW #FloodInsurance #InsuranceClaims #MSMEs #BusinessRecovery #ClaimManagement #FinancialResilience #DisasterPreparedness #Webinar #BestPractices #FloodPreparedness #InsuranceTips #SmallBusinessSupport #RiskManagement #FinancialLiteracy #ExpertPanel #BusinessContinuity #ClaimSettlement #DocumentPreparation #InsurancePolicy #CommunitySupport

A very good, and concerning, article from the Insurance Journal highlighting the worrying issue of the increasingly restricted availablilty of flood insurance in areas across the UK. The fact that the situation has become even worse over recent years should have been avoidable to a great extent and, as Amanda Blanc of Aviva remarks in the article, it is 'extraordinary' that so many new homes have been built in known flood risk areas. Protecting existing infrastructure and building in sensible locations in future should not be an impossible task - and it will be interesting to see how the new government addresses this challenge in their push to increase house building. Hopefully these plans will take the very real issue of flood risk into account. Flood Re Total Landlord Insurance QBE Insurance Direct Line FloodFlash JBA Risk Management FM #insurance #flood #floodrisk #sustainability https://lnkd.in/gyK-utVR

2023 CATASTROPHIC WEATHER EVENT RELATED INSURANCE LOSSES AT A GLANCE: -2023 was the fourth-worst year for insured losses in Canada (exceeding $3B for the 2nd year in a row). 💲 💰 -Severe Weather in 2023 caused over $3.1 Billion in insured property damage. ⛈ 🌪 -Over 1.5 million high-risk households cannot obtain affordable flood insurance. 🌊 -The federal gov't committed to a national flood insurance program in last year’s Federal Budget. 👍 (Source: Insurance Bureau of Canada) #realestateinsuranceriskmanagement #realestatefinanceinsuranceriskmanagement

Insurance Consulting to Reduce Commercial Flood Insurance Costs. Looking to lower your commercial flood insurance expenses? Explore solutions beyond flood zone map amendments to decrease your Full Risk Premium (FRP) and save on renewals. National Flood Experts presents innovative strategies to mitigate the impact of flood policies under FEMA's Risk Rating 2.0 system. Our interdisciplinary approach combines engineering, insurance, and real estate knowledge to uncover genuine value and provide a holistic solution for reducing commercial flood insurance costs. Partner with our team to navigate the complexities of flood zones and insurance throughout your real estate journey. Minimize surprises and secure a comprehensive plan to manage your flood insurance expenses effectively. #Insurance #Consulting #CommercialInsurance #FloodInsurance #RiskManagement Feel free to book a 5 minute meeting to discuss how we can reduce or possibly eliminate lender required flood expenses. [https://lnkd.in/eYzQircc] -Are your flood insurance premiums increasing?

Flood inquiry: APRA seeks clearer view on consumer experiences The prudential regulator is looking to collect data that will give it more information about consumer experiences with insurers, the third public session of the federal parliamentary flood inquiry heard today... #insurancenews #apra

Flood insurance isn’t just for properties in flood plains anymore! ☔ In fact, a 2020 government study showed 14.6 million properties are at risk of experiencing a “100-year flood,” far exceeding the 8.7 million properties in designated flood plains. This striking difference highlights a critical issue: The frequency and intensity of severe weather events have been on the rise, reshaping the landscape of risk and insurance needs. To ensure your family or business is adequately protected against current and future weather threats, it's essential to regularly review your insurance policies to ensure they match these industry changes. Contact our team of independent agents for a policy review, so we can help you stay protected in these changing times! 💼 Think PMA for all your #Insurance needs!!! Give us a call (901-345-6176) to discuss your options or click on the link below to get started on a quote: https://lnkd.in/eMptsEQ #PeteMitchellandAssociatesInsurance #SmallBusiness #LifeInsurance #memphis #insurance #commercialinsurance #businessinsurance #community #family #BlackHaven #blackownedbusiness