Kaikoura reinsurance claims estimated at $NZ694 million
20 March 2017
Reinsurance claims from the Kaikoura earthquake have reached $NZ694 million, according to provisional estimates by insurance companies, Statistics New Zealand says…
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Climate models point to another El Nino
20 March 2017
International modelling and warm sea temperatures suggest an El Nino system will develop this year, according to the Bureau of Meteorology…
Angry summers ‘pose threat to economy, energy supply’
13 March 2017
The Climate Council says Australia’s increasingly hot summers pose a serious threat to critical infrastructure, and has again called for the urgent uptake of renewable energy…
Property lines price slide near the bottom, says Aon
13 March 2017
The pricing slide in property lines may be bottoming out as rate reductions have slowed in the last three quarters, Aon Australia says in its latest market update report…
Researcher studies attitudes and understanding in cyclone zones
13 March 2017
Do low-income earners who move to cities and towns in cyclone zones understand the risks? And if they do, what level of protection can they afford?…
Scammers pose as insurance assessors
13 March 2017
Con artists posing as insurance company assessors are targeting vulnerable Sydney residents affected by last month’s hailstorms…
Australians urged to collaborate over cyber risks
13 March 2017
A risk expert has called for increased collaboration between the insurance industry and a range of parties to counter Australia’s increasing vulnerability to cyber risks…
Ice contamination worries NZ insurer
13 March 2017
IAG New Zealand says cases of contamination as a result of methamphetamine being produced in private homes are rising fast, and confusion over cover is causing problems for landlords…
North Island counts cost of storm damage, flooding
13 March 2017
Landslips damaged seven homes in New Zealand’s Coromandel Peninsula during a one-in-100-year storm last week…
Climate Institute forced to close as funds dry up
13 March 2017
The Climate Institute will close on June 30 after failing to secure enough funding to continue operations…
Intermediaries place $9.7 billion in premium
06 March 2017
Australian insurance intermediaries invoiced $9.7 billion in premium during the six months to December 31, according to the latest statistics from the Australian Prudential Regulation Authority…
NSW hailstorm bill tops $350 million
06 March 2017
The insurance bill for the hailstorm that pummelled parts of Sydney and the Illawarra on February 18 has passed $350 million, according to latest figures from IAG and Suncorp…
El Nino odds rise as ocean warms
06 March 2017
The likelihood of an El Nino climate event, often associated with greater bushfire risk, this year has risen to 50%, the Bureau of Meteorology says…
NSW tests DipStik flood warning system
06 March 2017
NRMA Insurance is trialling a flood-monitoring device that could stop motorists and pedestrians being swept away and save millions of dollars…
Gippsland bushfire plaintiffs collect $8 million
06 March 2017
Plaintiffs in the Jack River bushfire class action have received final compensation payments totalling more than $8 million from power company AusNet and its vegetation management contractor BJ Murphy…
EQC drills down to aid Kaikoura claims
06 March 2017
New Zealand’s Earthquake Commission is drilling for soil samples as part of the claims settlement process following the Kaikoura earthquake in November…
Fintechs enjoy record investment
27 February 2017
Australia’s “healthy and active” fintech sector attracted a record $US656 million in investment last year, more than three times that of 2015, according to KPMG…
Broker network welcomes iSelect
27 February 2017
The decision last week by Insurance Brokers Network Australia to accept iSelect as a member has raised concerns in the industry, with insurers and brokers fearing the move could assist online comparators to increase their influence…
NSW hailstorm losses climb further
27 February 2017
Losses from the Sydney hailstorm earlier this month have risen to $58 million, according to the Insurance Council of Australia…
Brokers struggle with language barrier, survey reveals
27 February 2017
Only about 31% of brokers consistently provide assistance to non-English-speaking clients who want to lodge complaints, according to an online questionnaire undertaken by the insurance broking industry’s Code Compliance Committee…