Daily

Suncorp nears deal on Resilium sale

22 March 2019

Suncorp may be close to finalising the sale of its Resilium authorised representative (AR) network after commencing a review of the business last year...

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‘Incorrect premium application’ in AFCA’s crosshairs

22 March 2019

An insurer that imposed a much higher premium on a customer’s property policy has discovered that the new Australian Financial Complaints Authority can rule if the increase is fair...

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Double trouble: intense cyclones ‘unprecedented’

22 March 2019

Two category 4 cyclones could make landfall this weekend simultaneously in Australia for the first time since reliable records began...

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Twin cyclones bearing down on WA, NT

21 March 2019

Tropical Cyclones Veronica and Trevor are on course to make landfall as category-4 storms this weekend in WA and the NT respectively, bringing destructive winds and storm surges to the regions...

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Hostile debut for new CTP scheme

21 March 2019

The ACT has introduced no-fault compulsory third party (CTP) scheme reforms into its Legislative Assembly following a contentious process and amid criticism from lawyers that the new model remains flawed...

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QBE names new leadership for its NZ & Pacific team

21 March 2019

QBE has announced changes to its leadership structure and operating model following the creation of the New Zealand & Pacific region and two key retirements...

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ICA aims at flood-prone federal seats in new mitigation drive

20 March 2019

The Insurance Council of Australia today revealed a top-20 list of federal electorates most prone to flood risk as part of a renewed push for increased government funding of mitigation programs...

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Terror exclusions waived for Christchurch

20 March 2019

New Zealand insurers are waiving policy terrorism exclusions for claims arising from last week’s attack on two Christchurch mosques as the nation considers repercussions from the shocking event that resulted in 50 deaths...

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Here comes Veronica: Slow-moving cyclone heads for WA

20 March 2019

Damage from high winds, storm surge and flooding is feared as Tropical Cyclone Veronica today began to approach the Pilbara coast in northern WA...

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Relocation, relocation: Suncorp’s answer to flood-prone towns

19 March 2019

If a town is being constantly wrecked by floods because it’s situated in the middle of a floodplain or on the banks of a river, why not simply move it to higher ground?

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Thai gold: Zurich settles mine claim

19 March 2019

Zurich-led insurers and Australian mining company Kingsgate have settled a long-running claim over Thailand’s expropriation of the Chatree gold mine in an agreement worth at least $82 million...

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Far North Queensland braces for Cyclone Trevor

19 March 2019

Communities in Far North Queensland are bracing for the arrival of Tropical Cyclone Trevor, with the storm system strengthening as it approaches the coastline...

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Townsville losses pass $1 billion

15 March 2019

Insured losses from devastating downpours that hit the north Queensland city of Townsville earlier this year have reached $1.02 billion...

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NZ reviews ‘flawed’ fire services levy

15 March 2019

New Zealand will review the funding of its fire and emergency services after acknowledging problems with using an insurance-based levy...

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Queensland rejoins national motor theft program

15 March 2019

Queensland is to rejoin the National Motor Vehicle Theft Reduction Council seven years after it quit the body...

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Fusion: Zurich seals M&A agency deal

14 March 2019

Zurich Australia has entered into an underwriting agency partnership with Fusion Specialty Insurance to boost Fusion’s capacity in mergers and acquisitions cover...

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Youi reports $17 million Sydney hailstorm hit

14 March 2019

South African-owned insurer Youi took a $17 million hit from hailstorms in Sydney and Queensland in the December half, but still made an overall profit...

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Hail warning: severe weather alerts issued for NSW

14 March 2019

Large hailstones and flash flooding are expected to hit the Sydney area this afternoon...

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'Scaremongering': ICA hits back at uninsurability claims

13 March 2019

Claims that climate change could see parts of the country become uninsurable are “scaremongering” chatter that does little to help the country manage the environmental threat, the Insurance Council of Australia says.

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Boeing crash: insurers brace for impact

13 March 2019

Insurers could face large claims as a result of Sunday’s Ethiopian Airlines crash. But the key question for insurers for both the airline involved and the aircraft’s builder is the same: what caused the nearly new aircraft to suddenly dive into the ground?

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