03 October 2016
Insurers paid $1.73 billion in professional indemnity and public and product liability claims last year, down 15.7% from 2014, according to the Australian Prudential Regulation Authority’s National Claims and Policies Database.
03 October 2016
Australian and international responses to climate change are paving the way for businesses to better understand and manage risks, and there is no time to waste, Investor Group on Climate Change CEO Emma Herd says…
03 October 2016
Most code breaches last financial year related to claims, according to the General Insurance Code of Practice annual report…
03 October 2016
The Insurance Council of Australia is monitoring the impact of a severe storm that damaged property and left SA without power last Wednesday, while businesses are assessing interruption costs from the electricity outage…
03 October 2016
Australian SMEs nominate lack of demand and overstocking as their major worry, while reputation risk is the fastest-growing concern, a Zurich survey has found…
03 October 2016
Rising sea levels are likely to exacerbate the impact of severe storms as global warming continues, providing challenges for planners and insurers, according to Finity Principal Tim Andrews…
26 September 2016
The Insurance Council of Australia has declared flooding around Forbes in central west NSW a catastrophe, after the Lachlan River inundated properties at the weekend…
26 September 2016
Australian businesses should review their cyber defences to counter the growing threat of potentially costly data breaches, according to Aon’s latest Cyber Insights Report…
26 September 2016
New Zealand brokers are still struggling to access crucial data lost during the outage at insurance technology company SSP…
26 September 2016
Australian SMEs are leaving themselves unnecessarily exposed to the risk of “fatal business disruption”, according to a survey from accounting and advisory group Bentleys…
26 September 2016
Meeting customer expectations, leveraging on rapid technology advancements and navigating a tough economic environment are among the main challenges facing insurers, delegates at the 10th annual Claims Convention heard last week…
26 September 2016
Estimated losses from the east coast low that hit Queensland, NSW and Tasmania in June now stand at $421.69 million – 64% of which are domestic and 36% commercial…
26 September 2016
The New Zealand Earthquake Commission has paid more than half of the claims arising from quakes in February, passing $NZ25 million in cash, with cases taking an average of three weeks to settle…
26 September 2016
The Fire Protection Association Australia plans to open a new Sydney training centre as part of a major expansion of its services…
19 September 2016
Indian Ocean temperatures and a La Nina-like pattern in the Pacific Ocean are strongly influencing Australia’s climate, with the two features typically a cause of wet spring weather in the eastern states…
19 September 2016
The National Motor Vehicle Theft Reduction Council has been saved from closure, winning a last-minute reprieve from the Victorian Government…
19 September 2016
Insurers have received about 2500 claims for storm and flood damage across Victoria, SA and NSW, the Insurance Council of Australia says…
19 September 2016
Insurance technology company SSP says systems used by New Zealand brokers are back in operation after its cloud-based transaction platform went down last month, but businesses are still experiencing problems accessing documents…
19 September 2016
Insurers can contribute to community resilience after disasters by using local businesses in the recovery period, a new book by James Cook University scientists says…
19 September 2016
New Zealand insurers are retreating from their much-vaunted switch to sum-insured home policies as competitive pressure grows…