Extreme flooding in the eastern and southern regions of Spain has caused devastating damage to “people, properties, vehicles and businesses” and losses are expected to exceed €1bn. The UK’s much-anticipated budget did not reference IPT, despite BIBA entreating the government to cut it to 10%. Finally, it wouldn’t be Halloween without some spooky stories (including mummified pets and poltergeists) from the insurance world…
Spanish flood losses to easily exceed €1bn (Source: Commercial Risk)
Aon has reported the event as the “deadliest natural disaster in Spain since…1973” with some areas being hit with the equivalent of one year’s worth of rain in just eight hours.
Aviva’s archive unearths eerie insurance tales for Halloween (Source: Insurance Business Magazine)
Anna Stone, Aviva’s group archivist has delved into Aviva’s history books; “From ghostly encounters to bizarre insurance claims, our records reveal some truly spine-chilling stories”.
UK Budget: Rachel Reeves makes no mention of IPT in speech to Commons (Source: Insurance Times)
Despite laying out £40bn of tax increases in the Autumn Budget, the UK chancellor, Rachel Reeves, made no mention of raising IPT.
Extinction Rebellion targets multiple London market insurance firms (Source: Global (Re)Insurance)
Protesters have targeted the Gherkin, the Walkie Talkie and WTW’s HQ this week in a bid to stop “insurance firms from insuring new fossil fuel projects”.
Request a call back.
Let’s get the conversation started today.
Sign an NDA.
Take the first step in the next stage of your MGA business.
