NZ ombudsman receives more complaints
11 April 2016
New Zealand’s Insurance & Financial Services Ombudsman received 985 complaints in the December-March period, and investigated 100…
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Insurance upbeat amid economic pessimism
11 April 2016
Most small and medium businesses in Australia believe the economy is either slowing or standing still, according to the March-quarter Sensis Business Index. Only 13% think it is growing…
Inquiry finds flammable cladding on landmark tower
04 April 2016
Melbourne’s tallest building and major tourist attraction the Eureka Tower has been found to feature combustible cladding…
Hi-tech cars promise short-term gain, long-term pain
04 April 2016
Driverless cars may dramatically reduce premiums and profits, but innovative insurers have three decades to adapt, according to a Moody’s report…
Legal group pushes for junk insurance compensation
04 April 2016
The Melbourne-based Consumer Action Law Centre has started a campaign to help consumers seek refunds for dud add-on insurance policies and warranties…
Blue Mountains class action nears settlement
04 April 2016
An “in principle” settlement has been reached between Endeavour Energy and plaintiffs who filed a Blue Mountains bushfire class action…
Councils underestimate cyber risk, Aon says
04 April 2016
Cyber breaches remain an underrated threat among councils, according to Aon’s Australian Local Government Risk Report…
Cyclone Yasi victims await payout five years on
04 April 2016
Five years after Cyclone Yasi ripped through North Queensland a small number of claimants are yet to receive insurance payouts…
Government cuts crop insurance aid
04 April 2016
The Federal Government has cut funding for crop insurance grants by $9 million…
Consumer group slams insurance investigations
21 March 2016
Heavy-handed insurance investigators treat innocent consumers like criminals, according to a new report from the Financial Rights Legal Centre…
Physical cyber attack risk exposes gap in coverage
21 March 2016
Physically destructive cyber terrorism is a “real gap” in current insurance coverage, according to the head of Australia’s Reinsurance Pool Corporation…
Heat records broken across southeast
21 March 2016
Temperatures in parts of Victoria and NSW hit record levels this month and modelling suggests the above-average warmth will extend into next month, according to the Bureau of Meteorology…
Majors to tighten grip as disruptors make move
21 March 2016
Major general insurers will continue to dominate the Australian market over the next five years, but customer-connected entrants such as Google and Amazon may start to make inroads, according to a new report…
Researchers speed up flood risk assessments
21 March 2016
Flood risk predictions could be carried out up to 1000 times faster using new techniques, according to researchers…
Energy group settles $4 million Blue Mountains lawsuit
21 March 2016
Endeavour Energy has settled a class action led by IAG over a 2013 bushfire in the Blue Mountains…
Victoria pulls back from fire services merger
21 March 2016
The Victorian Government has ruled out a merger between the Metropolitan Fire Brigade and the Country Fire Authority following a damning report…
EQC trials faster claims
21 March 2016
New Zealand’s Earthquake Commission is piloting a new claims-handling process following last month’s Christchurch quakes…
SMEs coming back to brokers: Vero
14 March 2016
The proportion of business owners using brokers increased last year, according to the latest Vero SME Insurance Index…
QBE chief sounds rallying cry on climate change
14 March 2016
QBE Group CEO John Neal says global warming is real and insurers have a responsibility to help slow it…
Government ‘should help educate farmers’ on crop insurance
14 March 2016
Farmers need educating about the role of multi-peril crop insurance before it can become a mainstream product, Rural Insurance Solutions MD Wayne Brown says…