Financial Advisor

Insurers set up disaster deal with emergency services

A new agreement between the insurance industry, the emergency services and local authorities is set to improve the response to major disasters.

The deal will see these organisations inform the Association of British Insurers (ABI) and the Chartered Institute of Loss Adjusters (CLIA) about the scale of incidents such as this summer”s widespread flooding or the 7/7 bombings in London as soon as possible.

This will hopefully improve the speed at which insurance firms can get their recovery systems in motion and provide help to their home insurance policyholders faster.

Nick Starling, the ABI”s director of general insurance and health, said: “A planned and speedy response is vital in the aftermath of a major incident. This agreement reflects the vital role insurers play in the recovery process.

“Public safety and preserving evidence is the priority, but the sooner insurers can safely assess the damage the sooner they can help their policyholders.”

The Association of Chief Police Officers welcomed the new scheme, with spokesman Alan Goodwin of Derbyshire Constabulary saying: “Whilst the initial response to any such event and the subsequent investigation will always be the primary focus of the emergency services, the recovery effort may take many months to achieve.

“Engagement of colleagues from the insurance industry at the earliest appropriate opportunity will undoubtedly aid that effort and help bring relief to those people whose lives have been disrupted.”

James Zhao is an e-marketer working with various industries including travel, insurance, ebusiness. For more information on insurance for over 50s, please visit Castle Cover – the over 50 insurance specialists.

A new agreement between the insurance industry, the emergency services and local authorities is set to improve the response to major disasters.

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