NIBA urges stamp duty relief for north
12 February 2018
The National Insurance Brokers Association (NIBA) says stamp duty relief could be offered in northern Queensland to ease the impact of higher insurance costs…
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Australia trails on readiness for driverless cars
12 February 2018
Australia must improve road quality, 4G broadband reach and availability of electric charging stations in preparation for driverless vehicles, business consulting group KPMG says…
NZ storm claims trickle in
12 February 2018
New Zealand’s Earthquake Commission is urging homeowners affected by recent storms to lodge their claims soon…
Car theft council enhances buyer rating guide
12 February 2018
The National Motor Vehicle Theft Reduction Council has added ANCAP safety ratings to its risk rating system, so car buyers can make more informed decisions…
Cycle turns and insurers see a brighter future
05 February 2018
Premiums will rise and underlying profitability should improve in domestic and commercial classes in coming years, according to the latest General Insurance Barometer from JP Morgan and Taylor Fry…
Risk drives price in north, IAG tells ACCC inquiry
05 February 2018
IAG has again pushed the benefits of mitigation in a submission to the Australian Competition and Consumer Commission’s inquiry into insurance in the country’s north…
Weak La Nina on the wane
05 February 2018
A weak La Nina weather system has most likely reached its peak in recent weeks and is likely to end in autumn, according to the Bureau of Meteorology…
Australian businesses complacent on cyber risks: Aon
05 February 2018
Too many Australian businesses have their “heads in the sand” when it comes to cyber dangers, according to Aon…
Victorian hailstorms cause $370 million loss
05 February 2018
Severe storms that hit parts of regional Victoria and Melbourne on December 19 caused insured losses of $378 million…
NZ insurers brace for claims after storm damage
05 February 2018
New Zealand insurers expect an influx of claims running into millions of dollars after powerful storms hit the country last week…
Automated cars ‘pose privacy issue’
05 February 2018
Driverless vehicles will have the capacity to source vast amounts of data about passengers through cameras, audio files and location tracking, leaving them exposed to commercial exploitation, researcher Nicholas Camac says…
Pricing in north reflects exposures, claims costs: ICA
29 January 2018
Insuring property in northern Australia has always been expensive and challenging for insurers, and no amount of finger-pointing by residents and politicians is going to change that fact…
Canberra flags transparency measures in inquiry response
29 January 2018
Treasury will consider requiring previous-year premiums to be displayed on renewal notices and other transparency measures as part of its response to the Northern Australia Insurance Premiums Taskforce and last year’s Senate inquiry…
ICA unveils flammable cladding protocol
29 January 2018
The Insurance Council of Australia has collaborated with Engineers Australia and Fire Protection Association Australia on a protocol to identify and address inappropriate use of aluminium composite panels…
VBA to conduct new cladding audit
29 January 2018
The Victorian Building Authority has announced a new state audit to address flammable cladding on high-rise buildings…
Expect the unexpected, Zurich warns
29 January 2018
This year’s Global Risks Report from the World Economic Forum shows companies must prepare for increased volatility and uncertainty, Zurich CEO General Insurance Raj Nanra has warned…
StrataRatings reveals first product grades
29 January 2018
Independent ratings agency StrataRatings has released its inaugural grading of strata products in the residential and commercial markets…
Satisfaction with household insurers falters
29 January 2018
Overall satisfaction with household insurers declined slightly last year from an 80.4% rating to 79.8%, according to the latest Roy Morgan research…
Most Kaikoura claims settled
29 January 2018
Insurers had fully or partially settled 88% of all domestic claims from the Kaikoura earthquake by the end of December, according to New Zealand industry figures.
Consumer advocate urges commission to act on add-on cover
29 January 2018
Sales of add-on insurance and funeral policies are often harmful and offer such little value they fall below community expectations, the Consumer Action Law Centre says…