Insurtech Australia joins global industry group
29 January 2018
Insurtech Australia has joined its overseas peers to establish a global body to foster the growth of digital start-ups…
Local
Vehicle theft rates drop as Victoria lifts its game
29 January 2018
Australia’s vehicle theft rate dropped 2% in the year to last September and was down 10% compared with five years ago, according to the National Motor Vehicle Theft Reduction Council…
Migrants enrich Australian economy: CGU
29 January 2018
Migrants own one-third of small businesses in Australia and contribute significantly to the economy through job creation, taxes and entrepreneurial skills, according to a CGU-commissioned report…
NOTE FROM THE PUBLISHER
14 December 2017
This is the final weekly edition of insuranceNEWS.com.au for 2017. We will return on Monday, January 29. During the break major issues and events will be covered by our Breaking News service…
icare changes hit more than 400 jobs: union
11 December 2017
Workers’ compensation scheme reforms in NSW have affected about 430 general insurance industry jobs so far, according to the Finance Sector Union…
La Nina is here, weatherman says
11 December 2017
Australia is officially in a La Nina phase, albeit a weak one, according to the Bureau of Meteorology…
Brokers join forces on multi-peril crop cover
11 December 2017
MGA Insurance Brokers, Country Wide Insurance Brokers and Adroit Insurance Group have joined forces to bring new forms of crop cover to farmers…
Melbourne block ordered to remove cladding
11 December 2017
Owners of the Anstey Square building in the inner-northern Melbourne suburb of Brunswick have been ordered to remove flammable cladding around fire hydrants and hoses within two months…
Choice hails RACV Insurance, AIG on travel cover
11 December 2017
RACV Insurance Total Travel Care offers the best single-trip travel cover, according to research by consumer group Choice…
ICNZ code review to study technology’s impact
11 December 2017
Data handling and technological change will be a focus of an industry code of practice review by the Insurance Council of New Zealand…
NZ weather losses set annual record
11 December 2017
New Zealand weather-related insurance losses have reached a record $NZ242.7 million this year after a series of extreme storms…
In Insurance News (the magazine)
11 December 2017
When your products are so similar to your competitors’, how do you “sell” insurance in a TV ad? The December/January edition of Insurance News (the magazine) assesses the best insurance ads of 2017 and finds a winner…
Industry prepares to front royal commission
04 December 2017
Insurers say they’re ready to contribute to a royal commission into alleged misconduct by banks and other financial services entities…
Court begins hearing Brisbane floods case
04 December 2017
The Brisbane floods class action started today in the NSW Supreme Court, and will proceed for two weeks before resuming in February, law firm Maurice Blackburn says…
Victoria cracks down over combustible cladding on 1400 buildings
04 December 2017
Victoria will take tougher action against use of non-compliant combustible cladding after a state taskforce’s interim report revealed up to 1400 buildings likely feature the material…
Strata owners warned on cladding claim time limits
04 December 2017
Strata owners risk being unable to claim under statutory warranties for illegal cladding if they allow time limits to elapse, strata and construction lawyer David Bannerman has warned…
ICA defends travel insurers over Bali volcano exclusions
04 December 2017
Australians who were stranded and lacking insurance in Bali last month amid volcanic activity should have been aware of policy exclusions, the Insurance Council of Australia says…
Thousands driving uninsured, iSelect warns
04 December 2017
More than 700,000 Australians are driving uninsured vehicles, according to new research commissioned by iSelect…
Rates rise further as northern hemisphere plays catch-up
27 November 2017
Australian composite rates increased 13.6% in the third quarter, while the global composite fell for the 18th consecutive quarter, according to Marsh’s Global Insurance Market Index…
Disaster costs to hit $39 billion a year by 2050
27 November 2017
Natural catastrophe economic costs are forecast to more than double to $39 billion a year by 2050, according to the Australian Business Roundtable for Disaster Resilience & Safer Communities…