Insurance market update - January 2013 |
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Background
In this issue, we look at the weather. James Rakow draws on information presented in our recent seminar on the domestic household insurance market and summarises how recent years have been affected by adverse weather and the impact on insurers. We look at how 2012 fared in the aftermath of the flood losses following the hosepipe bans and consider scenarios for 2013 given current concerns over flood and water perils coupled with the imminent expiry of the ABI and Government agreement on the Statement of Principles on the provision of flood insurance.
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