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Flood Re
Flood Re (short for flood re-insurance) is a levy and pool system in the United Kingdom, which replaced the Statement of Principles agreed between the government and insurance companies to provide flood insurance coverage to domestic properties deemed at significant risk of flooding (this is generally defined as more than a 1.3% or 1 in 75 annual probability of flooding). It is estimated that it will ultimately cover the most at risk 2%, or 250,000 homes, though the Centre for Climate Change Economics and Policy suggest 370,000 homes are eligible. Development In the absence of any proposals from Defra, the insurance industry developed a 'Flood Re' model with economic consultants Oxera. Flood Re, a not-for-profit scheme, which launched on 4 April 2016, is run and financed by insurers, to cap domestic flood insurance prices keeping insurance premiums affordable for households in high-risk areas, and supersedes the previous Statement of Principles which was intended to expire in Ju ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Hoban
Mark Gerard Hoban (born 31 March 1964) is a British politician. A member of the Conservative Party, he is a former Member of Parliament for Fareham (2001–2015) and former Minister of State for Work and Pensions (2012–2013). Early life Hoban was born in Peterlee and was educated at St Leonard's Catholic School in Durham. He graduated from the London School of Economics where he was awarded a Bachelor of Science degree in economics in 1985. He joined PricewaterhouseCoopers in 1985 as a financial analyst, becoming a chartered account manager in 1990, and was appointed as a senior manager in 1992 until his election to Parliament. Parliamentary career Hoban joined the Conservative Party in 1980, and in 1989 was elected as the treasurer of the Southampton Itchen Conservative Association, serving until he was elected as the Association's vice chairman for two years in 1991. He was the campaign manager for the local sitting Conservative MP Christopher Chope at both the 1987 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Reading
The University of Reading is a public university in Reading, Berkshire, England. It was founded in 1892 as University College, Reading, a University of Oxford extension college. The institution received the power to grant its own degrees in 1926 by royal charter from King George V and was the only university to receive such a charter between the two world wars. The university is usually categorised as a red brick university, reflecting its original foundation in the 19th century. Reading has four major campuses. In the United Kingdom, the campuses on London Road Campus, London Road and Whiteknights Park, Whiteknights are based in the town of Reading itself, and Greenlands, Buckinghamshire, Greenlands is based on the banks of the River Thames in Buckinghamshire. It also has a campus in Iskandar Puteri, Malaysia. The university has been arranged into 16 academic schools since 2016. The annual income of the institution for 2016–17 was £275.3 million of which £35.4 mil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reinsurance Companies
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of The United Kingdom
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floods In The United Kingdom
The following is a list of major floods. List of notable floods 20th century BC * Jishi Gorge outburst flood about 1920 BC 14th century * Saint Marcellus's flood a storm tide is also called the "Second St. Marcellus flood". * St. Mary Magdalene's flood occurred on and around the feast day of St. Mary Magdalene, 25 July; the passage of a Genoa low the rivers Rhine, Moselle, Main, Danube, Weser, Werra, Unstrut, Elbe, Vltava and their tributaries inundated large areas. Even the river Eider north of Hamburg flooded the surrounding land. Many towns such as Cologne, Mainz, Frankfurt am Main, Würzburg, Regensburg, Passau and Vienna were seriously damaged. The affected area extended to Carinthia and northern Italy. The overall number of casualties is not known, but it is believed that in the Danube area alone 6000 people were killed. 15th century * The All Saints Day Flood of 1436 (german: link=no, Allerheiligenflut) on All Saints' Day (1 November) 1436 was a storm tide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Companies Established In 2016
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *''Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * Bri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2016
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Flood Insurance Program
The National Flood Insurance Program (NFIP) is a program created by the Congress of the United States in 1968 through the National Flood Insurance Act of 1968 (P.L. 90-448). The NFIP has two purposes: to share the risk of flood losses through flood insurance and to reduce flood damages by restricting floodplain development. The program enables property owners in participating communities to purchase insurance protection, administered by the government, against losses from flooding, and requires flood insurance for all loans or lines of credit that are secured by existing buildings, manufactured homes, or buildings under construction, that are located in the Special Flood Hazard Area in a community that participates in the NFIP. U.S. Congress limits the availability of National Flood Insurance to communities that adopt adequate land use and control measures with effective enforcement provisions to reduce flood damages by restricting development in areas exposed to flooding. The NF ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environment Agency
The Environment Agency (EA) is a non-departmental public body, established in 1996 and sponsored by the United Kingdom government's Department for Environment, Food and Rural Affairs, with responsibilities relating to the protection and enhancement of the environment in England (and until 2013 also Wales). Based in Bristol, the Environment Agency is responsible for flood management, regulating land and water pollution, and conservation. Roles and responsibilities Purpose The Environment Agency's stated purpose is, "to protect or enhance the environment, taken as a whole" so as to promote "the objective of achieving sustainable development" (taken from the Environment Act 1995, section 4). Protection of the environment relates to threats such as flood and pollution. The vision of the agency is of "a rich, healthy and diverse environment for present and future generations". Scope The Environment Agency's remit covers almost the whole of England, about 13 million&n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reinsurance
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rebecca Pow
Rebecca Faye Clark (born 10 October 1960), known as Rebecca Pow, is a British politician serving as Parliamentary Under-Secretary of State for Environmental Quality and Resilience since October 2022. She served as Parliamentary Under-Secretary of State at the Department for Environment, Food and Rural Affairs from 2019 to 2022. A member of the Conservative Party, she has served as the Member of Parliament for Taunton Deane since 2015. Early life Pow was born in the county of Somerset in South West England. Education After attending Priston village school, Pow continued her education at La Sainte Union Convent in Bath. Pow studied Rural Environment Studies at Wye College, University of London. Personal life Pow was brought up on a family farm in Inglesbatch near Bath, working on the farm throughout her teenage years. She was an active member of both Bath and Taunton Young Farmers Club where she met her late husband, Charles Clark. They were married for 27 years until ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of British Insurers
The Association of British Insurers or ABI is a trade association made up of insurance companies in the United Kingdom. History The ABI began in 1985 after several specialised insurance industry trade associations joined to form one trade association for the UK insurance industry (excluding Lloyd's of London), including the British Insurance Association, the Life Offices’ Association, the Fire Offices Committee, the Accident Offices Association, the Industrial Life Offices Association and the Accident Offices Association (Overseas). The UK insurance industry is the largest in Europe and the third largest in the world. In 2014, there was a "shock" announcement that Legal & General was leaving as one of ABI's around 300 corporate members, due to ABI's "decision to transfer its investment business to the Investment Management Association." ABI, says the ''Insurance Journal'', warned about modern building materials like external cladding posing a fire risk before the Grenfell Tow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
