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Cyclone Debbie flooding disputes head to FOS

19 June 2017

The NSW Small Business Commissioner will pass bundles of disputes to the Financial Ombudsman Service after flooding in the state’s north prompted complaints about insurers…

ICA sets out to ‘bust myths’ on disaster coverage

19 June 2017

The Insurance Council of Australia will hold community forums in cyclone and flood-exposed parts of north Queensland next month to improve understanding of premiums and policies amid criticism of the industry…

In this issue of Insurance News (the magazine)

19 June 2017

Why did the NSW Government execute an embarrassing backflip on the transfer of its emergency services funding levy from insurance customers to all property owners on May 30? And perhaps more importantly, what are the chances of the reform ever seeing the light of day?…

ESL backflip worries brokers

13 June 2017

NSW insurance brokers have slammed the State Government’s shock U-turn on emergency services levy reform, saying confusion reigns among clients and staff…

Cyclone Debbie highlights building failure issues

13 June 2017

Cyclone Debbie exposed a range of building failures, including risks from garden shed debris and damage from wind-driven rain entering homes, the Cyclone Testing Station at James Cook University says…

Post-Tracy building codes ‘reduce cyclone deaths’

13 June 2017

Stricter building codes introduced after Cyclone Tracy in 1974 play a partially effective role in saving lives when major storms strike, according to a study funded by the Bushfire and Natural Hazards Co-operative Research Centre…

El Nino development ‘stalls’

13 June 2017

The development of an El Nino weather system has paused but there remains a 50% chance that threshold levels could be reached this year, according to the Bureau of Meteorology…

Technology lifts SME confidence, Suncorp finds

05 June 2017

SME businesses that use technology such as social media, mobile apps or search engine optimisation have higher confidence in their business outlook, according to a Suncorp report…

Shareholder lawsuits ‘are top cause of D&O losses’

05 June 2017

Shareholder class actions are increasingly common in Australia, making it imperative that companies are sufficiently covered by directors and officers’ liability policies, according to XL Catlin and law firm Wotton + Kearney…