National car theft on rise as Victorian figures soar
10 July 2017
Victoria, Queensland and SA were largely responsible for a 9% national rise in car theft numbers last year, according to the latest Australian Bureau of Statistics figures…
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ICA website aids disaster recovery
10 July 2017
The Insurance Council of Australia has established a website dedicated to helping post-disaster recovery efforts…
Industry to maintain strong performance: S&P
03 July 2017
Australia’s property and casualty sector will continue to perform strongly in the medium term, according to S&P Global Ratings…
Renewals: hardening, but not yet a hard market
03 July 2017
The final few weeks of the June 30 renewals season have revealed the long soft market may be coming to an end, according to brokers…
Reinsurance market softening continues: Willis Re
03 July 2017
Australian reinsurance rates continued to soften at the mid-year renewals amid “plentiful” capacity, reflecting a global trend, according to Willis Re…
Debbie insured losses near $1 billion
03 July 2017
Losses from Cyclone Debbie are set to exceed $1 billion based on claims received by insurers, while a natural catastrophe data company has raised its estimate for the total bill…
Risk Frontiers goes it alone
03 July 2017
Natural hazards research centre Risk Frontiers has split from Macquarie University after a 23-year partnership…
PI and PL claims payouts decline
03 July 2017
Insurers paid almost $1.66 billion in professional indemnity and public and product liability claims last year, down 4.8% from 2015, according to the Australian Prudential Regulation Authority’s National Claims and Policies Database…
Latest cyber attack a warning to business: JLT
03 July 2017
The Petya ransomware attack, which spread like wildfire through global networks last week, should provide a wake-up call to businesses, according to JLT…
Insurers urged to invest in ‘shared value’
03 July 2017
A new report encourages Australian insurers to adopt the shared-value concept and drive improvements to communities…
NZ insurers support ice contamination standard
03 July 2017
The Insurance Council of New Zealand has backed new test standards for methamphetamine contamination in residential properties.
Court hears Ponzi allegations in NZ dispute
03 July 2017
Claims services company WorldClaim New Zealand has won a court ruling requiring a director to hand over his phone, computer and other devices as it investigates his handling of claims and client funds following the Canterbury earthquakes…
Correction: EPS panels
03 July 2017
An article in the latest edition of Insurance News (the magazine) says expanded polystyrene panels on the Lacrosse apartments were responsible for the fire that damaged its exterior…
NSW pledges cladding crackdown
26 June 2017
The NSW Government says it will do all it can to avoid a tragedy like London’s Grenfell Tower disaster…
Kaikoura quake claims approaching $2 billion
26 June 2017
The value of Kaikoura earthquake claims received by New Zealand private insurers has reached $NZ1.84 billion, making it the second-costliest seismic catastrophe after the Canterbury quakes…
Class action set to target ‘worthless’ car warranties
26 June 2017
Law firm Quinn Emanuel Urquhart & Sullivan is to file an $80 million class action against a McMillan Shakespeare Group subsidiary offering extended car warranties…
El Nino: no worries
26 June 2017
The Bureau of Meteorology no longer expects an El Nino this year following a reversal of early-autumn warming in the eastern tropical Pacific Ocean…
NZ businesses back broker performance
26 June 2017
About 75% of companies in New Zealand are satisfied with their brokers’ services, according to research commissioned by Suncorp New Zealand…
ICNZ focuses on building fitout failures in quakes
26 June 2017
The Insurance Council of New Zealand says a seminar on buildings’ internal fitout failures during earthquakes is part of a bid to tackle the issue after high-rise commercial properties in Wellington were damaged during the Kaikoura event…
Rates rising for June renewals, brokers say
19 June 2017
Underwriters have pushed through moderate rate increases in the June 30 renewals season, according to brokers…