Terms set for financial system complaints review
08 August 2016
The Federal Government today released the terms of reference for a review of the financial system’s external dispute resolution and complaints network…
Local
Top lines anaemic, profits subdued: Finity
01 August 2016
The business environment for insurers will remain tough and profitability subdued, according to the latest Pendulum report from Finity Consulting and Deutsche Bank…
Four Corners probes insurers’ methods
01 August 2016
The ABC’s Four Corners program tonight will focus on the “humiliating and harmful” practices of insurers investigating traumatised police officers…
Industry records biggest confidence rise
01 August 2016
The insurance and finance sector’s confidence level rose 19 points to +58 in the June quarter, the biggest gain among 10 industries monitored by the Sensis Business Index…
Allianz drops court appeal over CTP payout
01 August 2016
Allianz has withdrawn its appeal against a NSW Supreme Court decision to uphold a $1.8 million compulsory third party insurance claim…
Super funds urged to provide unemployment cover
01 August 2016
Jobs Australia has called for industry superannuation funds to provide unemployment insurance…
Fossil fuel chiefs put green tech at top of risk list
01 August 2016
The technology revolution in renewable energy is considered a major risk among Australian mining, gas and oil sector executives, according to a Willis Tower Watson survey…
Fitch upbeat on insurers’ earnings this year
25 July 2016
Australian general insurers should achieve strong earnings this year if natural hazard claims remain moderate, according to Fitch Ratings…
Ocean temperatures suggest more rain for south
25 July 2016
Indian Ocean temperature changes are pointing to possible above-average rainfall in southern Australia this winter and spring…
Crackdown on imports as asbestos concerns deepen
25 July 2016
Customs officials are investigating building materials imported by Chinese company Yuanda for possible asbestos contamination, amid growing concerns over the use of illegal products…
East coast storm insured losses hit $377 million
25 July 2016
Estimated losses from the east coast low that hit Queensland, NSW and Tasmania last month now stand at $377 million…
Union deal ‘will hit bushfire preparations’
25 July 2016
A controversial agreement due to be imposed on Victoria’s Country Fire Authority will have a significant detrimental impact on bushfire preparedness, an inquiry has heard…
Crackdown demanded as fresh asbestos scare erupts
18 July 2016
The Building Products Innovation Council wants tougher regulations to stop the use of illegal construction materials, after it emerged roof panels on a new Perth children’s hospital contain asbestos imported from China…
Turkey coup attempt puts spotlight on travel cover
18 July 2016
Travel insurers do not usually cover losses caused by army coups, the Insurance Council of Australia says…
Lloyd’s consortium takes livestock cover to new level
18 July 2016
A new Lloyd’s consortium will offer cover of up to $US30 million per location for livestock risks, with Australia expected to be a key market…
ICA offers expertise to flood-hit Huon Valley
18 July 2016
The Insurance Council of Australia has offered to make disaster experts available to advise Tasmania’s Huon Valley Council on flood protection…
Region’s insurers face Q3 volatility: S&P
18 July 2016
Key risks for Asia-Pacific insurers include China’s economic slowdown, low interest rates and potential catastrophe risks in emerging markets, according to Standard & Poor’s…
ICNZ defends industry response to meth labs
18 July 2016
The Insurance Council of New Zealand is assessing issues around damage to homes used as methamphetamine laboratories…
Industry must find secrets of youth: Neal
18 July 2016
A company’s ability to stay relevant depends on seeing things through the eyes of its customers, many of whom are now Millenials, according to QBE CEO John Neal…
NZ sea level rise ‘won’t hit premiums yet’
18 July 2016
Rising sea levels will have minimal impact on insurance premiums in the short term, according to the Insurance Council of New Zealand…