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News
The uninsurable coastline: Australia’s growing coverage gap
3+ day, 17+ hour ago (765+ words) Read together, the two reports describe a protection gap that is already widening and will accelerate as sea levels rise. Read next: Insurers must brace for US$171 billion in annual cat losses, study finds Residential property insurance in Australia explicitly…...
Cape Breton Flooding: Insurance Bureau of Canada provides insurance guidance
1+ week, 6+ hour ago (11+ words) Tolerance.ca...
Nepal flood leaves hundreds missing and tests travel cover limits
2+ week, 4+ day ago (450+ words) A flash flood on the Nepal-Tibet border has left at least 17 people dead and nearly 400 travellers missing, with the death toll expected to rise as rescue teams struggle to reach the worst-affected areas. Nepal Police confirmed the death toll to…...
Specialist capacity restored for UK thatched and leisure property risks
2+ week, 5+ day ago (321+ words) Brokers placing thatched homes, static caravans, park homes, and beach huts have faced a shrinking pool of willing underwriters for several years. A new three-year capacity deal announced this week gives specialist managing general agent (MGA) Pen Underwriting the backing…...
Flood coverage gap puts pressure on Canada's broker channel
3+ week, 2+ day ago (867+ words) A federal flood insurance backstop promised since 2019, funded at $450 million and targeted for an April 2026 launch, still has no delivery date. With no public mechanism in place, the job of explaining who is and is not covered for overland flood…...
Five heatwaves, flash floods, and a 3.9% rise in rebuild costs - the case for reviewing sums insured
3+ week, 3+ day ago (472+ words) Insurance Business Five heatwaves, flash floods, and a 3.9% rise in rebuild costs - the case for reviewing sums insured Seven in 10 flood claims are now surface water events. Rebuild costs rose 3.9% to July 2026. A sum insured set two years ago may…...