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Pedigree pooches come at a premium

14 August 2017

The number of Australians taking out pet insurance has risen 8% since 2013, due in part to our love of pedigree dogs predisposed to costly medical conditions, according to comparison website finder.com.au…

In Insurance News (the magazine) this month

14 August 2017

Do premium rises in the June renewals season indicate the market has turned the corner? The industry’s most popular print publication, Insurance News (the magazine), has the answers in its latest edition, which will be posted out to subscribers over the next week…

Insurers ‘must act’ on insurtechs

07 August 2017

There is a growing realisation among insurers that they must combat the threat of insurtech disruptors, according to a report from technology services provider TAS…

ICA flood database review in final stages

07 August 2017

The Insurance Council of Australia is finalising a review of the latest version of the National Flood Information Database, with figures showing about 20% of addresses have a flood exposure…

NZ buildings ‘could face cladding risk’

07 August 2017

High-rise buildings in New Zealand could be exposed to the flammable cladding risk that has been highlighted in Australia and worldwide, the Insurance Council of New Zealand says…

Multi-fault quakes more common than thought

07 August 2017

Complex multi-fault earthquakes may be more common than previously thought, based on a review of data by New Zealand researchers following last year’s Kaikoura catastrophe…

NSW spent $25 million on ditched fire levy reform

31 July 2017

The NSW Government spent $25.42 million on preparations for the fire and emergency services levy reform before backing away from it at the last minute, according to State Treasury estimates obtained by the Labor Party…

SMEs ‘lack awareness’ on cyber risks

31 July 2017

Many companies are unprepared for rising threats from sophisticated and disruptive cyber crimes, Small Business and Family Enterprise Ombudsman Kate Carnell warns…

Insurers warned over autonomous car crash

31 July 2017

Personal injury insurance, compensation and rehabilitation schemes whose operational models do not reflect the rise in autonomous vehicles and the sharing economy risk collapse, according to a transport expert…

NZ confident of reinsurer support

31 July 2017

Comments suggesting a potential withdrawal of reinsurance from the New Zealand market due to earthquake risk are no cause for alarm, according to the Insurance Council of New Zealand…

FOS general insurance disputes rise

31 July 2017

The number of general insurance disputes received by the Financial Ombudsman Service edged higher in the June quarter, according to its latest statistical report…

Market continues to harden: Gallagher

24 July 2017

Uncertainty and a “more measured attitude” towards risk across several sectors continue to dog the market, according to broker Arthur J Gallagher’s second quarter review of the industry…

Debbie losses $1.4 billion and rising: ICA

24 July 2017

Insured losses from Cyclone Debbie have reached $1.4 billion and the total continues to rise nearly four months after the storm hit the Queensland coast, Insurance Council of Australia data shows…