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A NOTE FROM THE PUBLISHER

16 December 2019

This is the final Monday edition of insuranceNEWS.com.au for 2019, with our Daily update service continuing through to Friday. We will be back in action from Monday February 3...

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Above-normal fire threat remains, new report says

16 December 2019

The eastern region stretching from north Queensland through to NSW and Victoria faces above-normal fire risk this summer, the Bushfire and Natural Hazards Cooperative Research Centre says in a report released today...

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Calls for national reinsurance scheme fall on deaf ears

16 December 2019

The Building Ministers’ Forum concluded on Friday with an agreement to follow up on the professional indemnity insurance crisis but did not take up the Victorian Government’s call for a national reinsurance scheme...

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Hardening rates will keep industry growth intact: S&P

16 December 2019

Overall return on equity for insurers will exceed 10% over the medium term, S&P Global Ratings has predicted in a moderately upbeat report on the industry’s outlook...

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Premiums to keep rising, claims costs increasing: KPMG

16 December 2019

Premium rates are set to continue rising as insurers also battle rising claims costs, KPMG says in its annual review of the industry...

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White Island tragedy raises questions over responsibility

16 December 2019

A Miami-based law firm says cover provided by New Zealand’s Accident Compensation Corporation won’t prevent US legal action against cruise company Royal Caribbean over injuries and loss of life caused by the White Island eruption...

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Cyber breach transparency critical after hacks

16 December 2019

Companies hacked by cyber criminals should inform their customers even if they’re not legally obliged to do so, a webinar for insurance brokers has been told...

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WFI highlights risks of burglary on farms

16 December 2019

Farmers are urged to keep their properties and valuables safe after nearly 700 farms across Australia lodged insurance claims for theft in the last year, according to claims data at IAG subsidiary WFI Insurance...

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Vehicle theft rises 7% as Queensland battles rising trend

16 December 2019

Motor vehicle theft rose 7% nationally in the year to September, with Brisbane and the Gold Coast the top two locations targeted by criminals stealing passenger and light commercial cars...

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