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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…

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…

Key broker role may involve changes, UAC survey finds

27 November 2017

Brokers will continue to play a key role over the next five years, but may have to adjust their services and “value proposition” to end customers, according to an Underwriting Agencies Council survey…

Industry bites back after senator’s attack

27 November 2017

The general insurance industry has hit back after One Nation senator Brian Burston made a series of allegations in Parliament, accusing him of “choosing to ignore” facts that contradict his comments…

Make most of technology, AUB urges brokers

27 November 2017

Brokers have a chance to demonstrate their value to clients who are still trying to understand insurtech and the changes it brings to the market, according AUB Group…

La Nina looking more likely

27 November 2017

The Bureau of Meteorology warns the likelihood of a La Nina weather event has increased to 70%, as the tropical Pacific approaches the temperature threshold…

No respite for southern regions on fire risk

27 November 2017

While southeast Queensland and north NSW have had their seasonal bushfire risk downgraded to “normal” due to heavy rainfall, southern regions have not been so lucky, according to the Southern Australia Seasonal Bushfire Outlook’s November update…

Relationships, education key to broker-SME bond: Vero

27 November 2017

New Zealand brokers should spend more time nurturing young, new and smaller clients to develop valuable long-term relationships, according to Vero’s final SME Insurance Index report for the year…

Profits on rise as cycle turns: KPMG

20 November 2017

Insurance industry profits may be on course for a sustained improvement after surging 25% to $4.85 billion last financial year, according to a KPMG report…