Online maps show the coastline of tomorrow
26 April 2016
Large areas of expensive Australian real estate will likely be under seawater by 2100, according to a new website…
Local
Insurers hit back over bushfire underinsurance claim
26 April 2016
The insurance industry has denied being to blame for underinsurance levels among Blue Mountains residents who lost their homes to bushfires…
Insurers downbeat on investment outlook
26 April 2016
Insurers are pessimistic about finding attractive investment opportunities, according to Goldman Sachs Asset Management’s global insurance survey…
XL Catlin captures coral bleaching images
26 April 2016
The XL Catlin Seaview Survey has published devastating images of bleached coral, including on the Great Barrier Reef…
EQC funds fault-lines study in Hamilton
26 April 2016
New Zealand’s Earthquake Commission has awarded a $NZ70,000 research grant to pinpoint infrastructure risks in the North Island city of Hamilton…
Analyst sees tough times for reinsurers continuing
18 April 2016
Global reinsurers’ return on equity has been in decline since 2012 but remains profitable at about 10%, according to a Morgan Stanley report…
Experts warn La Nina could be brewing
18 April 2016
The Bureau of Meteorology says there is a 50% chance a La Nina weather system will develop later this year, bringing with it above-average rainfall and the prospect of floods…
Suncorp chief puts focus on customer retention
18 April 2016
CEO Michael Cameron says keeping Suncorp’s 9 million customers happy is a key plank of his strategy…
FOS hopes for slowdown in insurance complaints
18 April 2016
Lead Ombudsman for General Insurance John Price cannot say why a sudden surge in complaints has caused a bottleneck at the Financial Ombudsman Service – but he hopes it is not permanent…
Winley collapse ‘will raise standards’
18 April 2016
National broker group Westcourt says it is confident the collapse of Perth-based authorised representative group Winley will not negatively affect the wider AR model…
AAMI still working on Christmas bushfire claims
18 April 2016
AAMI is still finalising claims settlements from the Christmas Day bushfire along Victoria’s Great Ocean Road…
In Insurance News (the magazine) this month
18 April 2016
The collapse of Perth-based authorised representative group Winley Insurance will have repercussions in the industry, but Insurance Advisernet Managing Director Shaun Standfield explains in the latest edition of Insurance News (the magazine) why the AR model remains the way of the future…
Broker flags fresh complaints backlog at FOS
11 April 2016
A Brisbane broker says he must wait almost three months before the Financial Ombudsman Service can consider his client’s complaint…
Winley collapse stirs insurers’ anger
11 April 2016
The financial security arrangements smaller authorised representative groups have with insurers are being questioned following the collapse of Perth-based Winley Insurance Group…
Risk rating change leaves bushfire-hit homes underinsured
11 April 2016
Residents of bushfire-devastated Wye River and Separation Creek have been retrospectively rendered underinsured following the Victorian Government’s decision to upgrade the towns’ bushfire attack level to the highest level…
Commercial insurance rates outlook ‘doesn’t look good’
11 April 2016
Climate change and profitability are among the key challenges for insurers this year and beyond, according to actuaries Taylor Fry…
S&P sticks with low-risk rating for mortgage insurers
11 April 2016
Standard & Poor’s has maintained its insurance industry and country risk assessment for the mortgage insurance sector in Australia at “low”…
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…
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…