Tag Archives: Property Owners
The Property Insurance Market Update Part 1
The Property Insurance Market Update Part 1 Over the past three years, the UK Property Insurance market has faced significant challenges, driven by the cost of materials, labour shortage, inflation and a change in reinsurance (capacity and cost for insurance on large losses) which has resulted in double digit rate increases. In 2023,…
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Managing Escape of Water Risk in Residential Premises
Managing Escape of Water Risk in Residential Premises What do property owners and managers need to do? Within the residential setting, there is no one thing that will prevent an EoW loss. A loss is usually a culmination of several adverse actions / factors. Therefore, in order to reduce the likelihood and severity of an…
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Water, Water Everywhere: Escape of Water
The continuing rise in escape of water claims has been identified by the Association of British Insurers (ABI) as an area of focus for 2018. In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims…
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The insurance implications of Britain becoming a nation of fly-tippers
Britain’s landscape is becoming increasingly tainted by the blight of fly-tipping – an escalating issue which puts farmers and private landowners under particular strain and which has the potential to bring about their financial ruin. In June 2017, a House of Commons briefing paper recognised the scale of the criminal activity surrounding the illegal disposal…
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