Cyclone strengthens argument for mutual insurer: MP
01 May 2017
Damage caused by Cyclone Debbie has reinforced the case for a mutual insurer to reduce premiums to affordable levels, north Queensland-based MP Warren Entsch says…
Local
Aon reveals top local government risks
01 May 2017
A new Aon report on the local government sector has revealed tensions between the risk services company and JLT, the broker which dominates insurance in the sector…
FOS reports spike in general insurance disputes
01 May 2017
The number of general insurance disputes received by the Financial Ombudsman Service grew 21.5% to 3291 in the first quarter…
Cyber spy, ransomware attacks increase
01 May 2017
Cyber espionage and ransomware attacks are on the rise, according to Verizon Enterprise Solutions’ latest Data Breach Investigations Report…
Digital risk rises for construction businesses
01 May 2017
Risks from digitalisation and new technology are among five “megatrends” affecting the construction sector, according to Willis Towers Watson…
Queensland, Victoria drive rise in vehicle theft
01 May 2017
Vehicle thefts across Australia jumped 10% last year, led by increases in Victoria and Queensland, according to new industry data…
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”…
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…