Listed companies flag cyber-security upgrades
01 May 2017
About 80% of leading Australian Securities Exchange companies acknowledge their digital defences need improving, according to the exchange’s inaugural “cyber health check”…
Local
Suncorp warns against north Queensland mutual model
24 April 2017
Suncorp has warned the Federal Government against introducing a mutual insurer for cyclone-prone north Queensland, saying it would be ineffective and unfair to Australian taxpayers…
Debbie losses ‘may hit $1.7 billion’ as claims pour in
24 April 2017
Insured losses from Cyclone Debbie have topped $750 million, amid forecasts the final bill could exceed that for Cyclone Yasi in Queensland six years ago…
Insurers see artificial intelligence transforming industry
24 April 2017
Artificial intelligence will profoundly change the industry in the next three years, according to 57% of Australian insurance executives polled in Accenture’s latest Technology Vision for Insurance report…
Businesses ‘face daily cyber attacks’
24 April 2017
A government survey has revealed that many Australian organisations are attacked daily by cyber criminals…
NSW taskforce lays first CTP fraud charges
24 April 2017
A 31-year-old Sydney man is the first person charged under a crackdown on fraud against the NSW compulsory third party scheme…
Christchurch fires cost insurers $16 million
24 April 2017
Fires that caused more than 1000 people to be evacuated near Christchurch earlier this year have cost insurers $NZ17.7 million from 175 claims…
Cyclone losses top $400 million
10 April 2017
Insured losses from Cyclone Debbie and flooding have climbed to an estimated $413 million from 46,817 claims, according to the Insurance Council of Australia…
Flood victims ‘couldn’t afford the premiums’
10 April 2017
Excessive premiums have left many Lismore residents uninsured for flood damage caused by Cyclone Debbie, Mayor Isaac Smith says…
NZ counts cost as Debbie drops in
10 April 2017
New Zealand insurers face an influx of claims after the remains of Cyclone Debbie crossed the Tasman, bringing heavy rainfall and flooding…
Organised crime gang targets CTP scheme
10 April 2017
Police believe a sophisticated crime syndicate is defrauding NSW’s compulsory third party scheme, costing it millions of dollars a year…
Calliden forced to pay brothel fire claim
10 April 2017
Two Canberra brothel owners have won an appeal against Calliden after the insurer refused to pay a $500,000 fire damage claim because they did not disclose their links to an outlaw motorcycle gang…
Industry slams 40% NZ fire levy rise
10 April 2017
The New Zealand insurance industry has criticised the rising fire service levy, saying taxes on cover encourage underinsurance and leave consumers exposed…
Mining market softness to persist: Marsh
10 April 2017
The Australian mining insurance market will remain soft this year, but reasons for large rate reductions will be scarcer, Marsh says in a global report on the sector…
Australians ready for driverless cars, study shows
10 April 2017
Many Australians are ready for automated vehicles, according to a survey by Roy Morgan Research…
In Insurance News (the magazine) this month
10 April 2017
Create a clear direction, have some fun in a high-energy environment, set bold challenges… just a few points in the strategy set by QBE’s Group CFO Pat Regan when he took over the Australian and New Zealand Operations division…
Brokers’ share of SME business declining: Vero survey
03 April 2017
Less than one-third of SMEs bought insurance through a broker last year as digital upheaval affected demand for professional services, according to a Vero survey…
Debbie claims rising as ICA extends cat zone
03 April 2017
Insured losses from Cyclone Debbie have reached $224 million from 19,600 claims, according to the Insurance Council of Australia…
Reinsurance mitigates ratings risks from cyclone
03 April 2017
Robust reinsurance will protect Australian insurers from ratings impacts following Cyclone Debbie last week, according to S&P Global…
Property rate rises tipped to continue
03 April 2017
Premium rate increases in Australian property lines are expected to continue this year, according to the latest market review from broker Arthur J Gallagher…