04 March 2013
While on the surface the Federal Government’s commitment to flood mitigation funding seems to answer some prayers for the insurance industry, it may turn out to be a case of being careful what you wish for…
25 February 2013
A spate of natural disasters in north Queensland, from Cyclone Larry in 2006 to Cyclone Yasi in 2011, has really only affected southern Australians via the rising price of bananas…
18 February 2013
The past five years have seen enormous progress in reducing fatal truck accidents, with deaths from heavy vehicle crashes down 20%…
11 February 2013
Long before sophisticated measuring tools and satellite feeds, it was fishermen off the west coast of Ecuador and Peru who first noticed rising sea temperatures at year’s end…
04 February 2013
Submissions in response to the issues paper produced by Ian Enright’s review of the General Insurance Code of Practice have begun to emerge…
10 December 2012
A crackdown by the Australian Securities and Investments Commission on insurance price comparison sites will please insurers but carries an implicit warning to the industry on the growing role of aggregators…
03 December 2012
The insurance industry is under-prepared for the effects of class actions, which are likely to grow in size and number…
26 November 2012
Brokers have made it clear they will take legal action against former employees who they believe may try to poach clients – and court decisions this year have tended to favour the employers…
19 November 2012
Nine months after the Queensland Floods Commission of Inquiry made its final report on the floods of late 2010 and early last year, the Federal Government has finally delivered its response…
12 November 2012
Another day and yet another scientific report has demonstrated the risks linked with natural disasters are rising…
05 November 2012
The General Insurance Code of Practice is to undergo its biggest overhaul since its inception in 1994…
29 October 2012
The Australian Government Actuary’s report on strata title pricing in north Queensland provides no comfort for unit owners faced with huge premium increases – but it does shed light on the underlying factors…
22 October 2012
Insurance complaints to the Financial Ombudsman Service are rising, even when natural disaster claims are excluded…
15 October 2012
The liability insurance sector seems to be booming, according to recent data from the Australian Prudential Regulation Authority…
08 October 2012
Four years ago the insurance industry was rocked by the news that the world’s largest and best-known insurer, American International Group, was set to lose its AA credit rating due to massive exposures…
01 October 2012
Moves to reduce individual directors’ liability for corporate fault should cut risks in directors’ and officers’ cover and lead to cheaper premiums…
24 September 2012
French Enlightenment writer Voltaire said that with great power comes great responsibility…
17 September 2012
The Reinsurance Rendezvous in Monte Carlo has wrapped up for another year, with major reinsurers talking the market up before the crucial January 1 renewal period…
10 September 2012
The great and the good of the insurance and reinsurance industry are currently meeting in Monte Carlo for the pow-wow that is the annual Reinsurance Rendezvous, and pundits are tipping a calmer event…
03 September 2012
The devastating Christchurch earthquakes were always going to have a massive impact on the New Zealand insurance industry. While the country’s geological history and its position astride the Pacific’s…