More flooding expected due to climate change in UK will lead to more insurance claims

The environment department have published a report which shows that flooding is now the greatest risk to the UK due to climate changes. Between 1.7 and 3.6 million people are expected to be at risk of flooding by 2050.

The report states that our homes and offices are at risk of flooding damage and also damage cause by overheating.

The financial damage caused by flooding is set to drastically increase in the next 10 years with increased damage to homes having a knock on effect on home insurance, office insurance and property owners insurance  premiums.

Currently there is an agreement between the Association of British Insurers and the Government which means that the Insurers have to offer flood insurance to homes and businesses where there is a significant risk of flooding, however this agreement is due to end in July 2013. There is a sense of urgency for the Government to reach an agreement with the Insurance Industry, including budgeting for better flood defences.

Mergers and Acquisitions Offer both Liabilities and Indemnity to Interested Parties

The 2011 movement in the insurance sector for mergers and acquisitions offered very few opportunities for the players in this field with maybe both liabilities and indemnity to interested parties. 2011 bought lots of companies wanting to sell such as oxygen holdings who has sold in lots rather than a whole even though its CEO Nigel Barton said there was a offer for all the company AJ Gallagher.

Things can change round quickly in the M/A arena, according to some accountancy firms brokers wanting to purchase now out strips the number of insurance brokers that want to sell.

Professional Indemnity Insurance Brokers are very much on the list and in general mergers and acquisitions buyers are looking at commercial insurance companies up for sale.

Eurozone Debt Crisis and Debt Liability Still Rages Insurances and Indemnity Needed

Country and nation after nation seem to be falling deeper into the Eurozone debt liability without forward leadership, is it because its so bad that none of the current leaders have any idea how to get their country out of the debt, 'a bridge too far' Nicolas Sarkozy the French President and German prime minister Angela Merkel are the main leaders in this crisis but beyond the French and Germany Leadership countries like Greece Portugal Spain and Italy's leader all have massive hills to climb to lead their countries out of the Eurozone liability and debt they all face so that the markets get better insurances and indemnity against these countries debt.

The Costa Concordia Capt Francesco Schettino could face manslaughter claims for possible Public Liability Insurance & Directors and Officers Insurance

It is possible that if owners of the Costa Concordia Costa Cruises have both Directors and Officers Insurance and Public Liability, that claims might be made against both of these policies and serious charges could be made against the ship's Capt that could lead to manslaughter charges.

The Cheif Executive Officer Pier Luigi Foschi said the company will be close to the captain and will provide him with all the necessary assistance.