29 August 2016
QBE has defended its decision to deny an NRL player’s claim for a “career-ending injury” that has been highlighted by media during the past week, saying the injury that forced Parramatta Eels player Anthony Watmough into retirement was due to a pre-existing condition…
29 August 2016
Slumping metal prices have put pressure on mining companies to cut operations and reduce costs, raising concerns their insurance risks may increase…
22 August 2016
Insurers and reinsurers are in the midst of a dismal financial period, according to recent reports in insuranceNEWS.com.au, but new figures from the prudential regulator show they nevertheless made a combined after-tax net profit of $3 billion for the year to June 30 – a 15.3% rise on the previous year…
22 August 2016
A major bomb attack at the core of a key city remains a threat despite the recent trend towards armed terror assaults, according to the Australian Reinsurance Pool Corporation…
22 August 2016
Insurance leaders have taken a hard look at the industry’s future development in a volatile business environment at the Risk and Insurance Management Society Australasia forum in Melbourne today…
22 August 2016
NRMA Insurance has defended its decision not to cover sea erosion damage to properties in Collaroy after June’s east coast low…
22 August 2016
Class action risk has increased significantly over the past decade, with a rising number of claims filed and more law firms and funders becoming involved, a report by lawyers Allens says…
22 August 2016
An International Monetary Fund team is reviewing New Zealand’s insurance and banking sectors as part of routine surveillance to gauge financial system stability…
15 August 2016
Premiums will continue to decline across multiple classes in Australia as competition intensifies amid weak economic growth, according to Marsh…
15 August 2016
Brokers must focus on client relationships to provide personalised advice as the community becomes increasingly comfortable with disruptive technologies, a forum on innovation heard today…
15 August 2016
Macquarie Business Banking wants brokers to complete its “new and improved” Insurance Broking Benchmarking Survey…
15 August 2016
General insurance matters accounted for about one-third of disputes considered by the Financial Ombudsman Service in the June quarter, as the number of complaints continues to rise…
15 August 2016
Private insurers have paid out more than $NZ18 billion for commercial and residential claims since the 2010/11 Canterbury earthquakes, according to the Insurance Council of New Zealand’s latest figures…
15 August 2016
The Code Governance Committee has widened the scope of an inquiry into general insurance outsourcing to include claims investigation practices and policies, says the Financial Ombudsman Service…
15 August 2016
The collapse of New Zealand’s Western Pacific Insurance with a $31 million reinsurance shortfall came swiftly on the heels of the 2011 Christchurch earthquakes. The latest issue of Insurance News (the magazine) looks inside the company to discover its major business focus was Australia, where its exposures totalled $5.8 billion…
08 August 2016
Rogue panelbeaters are charging insurers inflated bills for repair work that is, in many cases, deliberately engineered, according to industry experts…
08 August 2016
Tech giants such as Facebook and Google pose challenges for personal lines insurers and it is “commercially questionable” to disregard social media as a key distribution channel, according to Finity Consulting and Deutsche Bank’s Pendulum report…
08 August 2016
Residents from Yarloop have met law firm Slater & Gordon to discuss a possible class action after bushfire devastated the WA town…
08 August 2016
Striking a balance between innovation and experimentation and supporting the core business is crucial, an Actuaries Institute seminar in Sydney heard…
08 August 2016
Wild weather and flooding in March resulted in insured losses of more than $NZ30 million, according to the Insurance Council of New Zealand…