Flood-hit Picton residents find answers at forum
11 July 2016
An Insurance Council of Australia forum in Picton last week was attended by around 20 claimants hit by flood and storm damage during last month’s east coast low storms…
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Lambie puts insurers on notice after Tasmania floods
11 July 2016
Tasmanian senator Jacqui Lambie says she will push for a parliamentary inquiry if evidence emerges of insurance companies treating policyholders unfairly following devastating floods in the state’s north last month…
Court ruling raises funeral insurance fears
11 July 2016
Consumer groups have warned that a Federal Court ruling may allow funeral insurance companies to exploit indigenous communities…
Premium growth slows amid tough outlook
04 July 2016
Insurance premium growth in Australia slowed to 0.5% last year from 1.3% in 2014, and the outlook for this year remains tough, according to Swiss Re…
Aon flags ‘marginal correction’ in premiums
04 July 2016
Increased competition, abundant capacity and premium rates falling to levels not seen since before the global financial crisis are among issues facing Australian insurers this year, according to Aon…
Insurers seek tech partners to keep pace with change
04 July 2016
Australian insurers plan to partner with technology start-ups to benefit from rapid change, a report from consulting group Accenture says…
Builder and engineer face action over high-rise blaze
04 July 2016
Two more building practitioners face disciplinary action over a devastating fire involving flammable cladding…
Transport operators urged to revisit liability cover
04 July 2016
Legislation that extends the unfair contract terms regime to include small businesses could have a dramatic effect on Australian transport operators, Berkshire Hathaway Specialty Insurance says:
Parts market regulation ‘key to cutting car crime’
04 July 2016
Profit-motivated car crime is best stopped through regulatory reform, according to the National Motor Vehicle Theft Reduction Council…
NZ volcano research to inform evacuation time
04 July 2016
A New Zealand research team has received funding to investigate response times for Aucklanders in the event of a volcanic eruption…
LMI reports mixed claims-handling results
04 July 2016
Eight insurance brands have achieved five-star ratings for handling home contents claims, with five top scoring for private motor, LMI Group’s latest ClaimsComparison report shows…
Declined and withdrawn claims soar: report
27 June 2016
There has been a “marked increase” in denied and withdrawn general insurance claims, according to the latest report from the General Insurance Code Governance Committee…
Insurer results ‘can mask tough times’
27 June 2016
The way insurance companies report their results can hide the true impact of tough market conditions, according to an underwriting expert…
Insurers ease flood claim fears, but some will miss out
27 June 2016
Suncorp and QBE have determined that shops damaged by floods in the NSW town of Picton will be fully covered under the storm section of policies…
Researchers see room for improvement in flood response
27 June 2016
National safety measures for flood events must be evaluated and revised, according to a report by the Bushfire and Natural Hazards Co-operative Research Centre…
Delays in storm response – but no complaints
27 June 2016
The Insurance Council of Australia says no one in the flood-damaged northern Tasmania town of Latrobe has contacted the council’s hotline despite “horror stories” about insurers from some affected residents…
Coastal flood cover is available – at a price
27 June 2016
Mainstream media reports implying insurers may wriggle out of paying claims for coastal damage during the devastating east coast low are wide of the mark, according to industry experts…
NZ-style disaster insurance ‘not for Australia’
27 June 2016
Insurance industry expert Allan Manning has rejected the suggestion that Australia could benefit from adopting natural disaster cover modelled on New Zealand’s Earthquake Commission…
FOS director quits over conflict fears
27 June 2016
Chris McRae has resigned from the Financial Ombudsman Service board to eliminate any perceived conflict of interest with his role as an independent adviser to life insurance members…
East coast storm bill hits $235 million
20 June 2016
Insured losses from the storms that hit Queensland, NSW, Victoria and Tasmania earlier this month have more than tripled over the past week to $235 million…