05 December 2016
Virgin Australia and its affiliated low-cost airline Tigerair have stopped pre-selecting travel insurance for customers using their online booking platforms, the Australian Competition and Consumer Commission says…
05 December 2016
The insurance bill for the hailstorm that hit northwest Victoria, northeast SA and southern NSW on November 11 has reached $192.6 million from 28,146 claims…
05 December 2016
Most financial counsellors back a merger of the Financial Ombudsman Service and the Credit and Investment Ombudsman, according to a survey…
05 December 2016
Motor insurers can check the ages of passenger and light commercial vehicles stolen in each police jurisdiction over the past five years thanks to a new interactive tool developed by the National Motor Vehicle Theft Reduction Council…
05 December 2016
Heatwaves should be categorised in a similar manner to cyclones, according to Risk Frontiers lead scientist Thomas Loridan…
28 November 2016
The Australian insurance industry has lost 1600 jobs this year, according to the Finance Sector Union…
28 November 2016
The La Nina weather system, which typically brings increased rainfall and flooding to many parts of Australia, is looking increasingly unlikely to eventuate…
28 November 2016
Non-compliant restraints for air-conditioning, telecommunications and other fittings likely caused damage to commercial buildings in Wellington during this month’s Kaikoura earthquake, according to the Insurance Council of New Zealand…
28 November 2016
Claims from the hailstorm that hit northwest Victoria’s Mildura region earlier this month now total $120 million…
28 November 2016
Climate change is fuelling “super-charged storms” and Australia is failing to combat the trend, according to a Climate Council report…
28 November 2016
Flood mapping accuracy has vastly improved following data additions to the Australian Rainfall and Runoff national guideline document…
28 November 2016
National Transport Insurance has started an awareness campaign following a growing number of truck fire claims…
21 November 2016
Insured losses from the earthquake in New Zealand last week may range from $NZ1.15-$NZ5.3 billion, catastrophe modeller AIR Worldwide estimates…
21 November 2016
Australian insurers and reinsurers recorded a combined net profit of $3.1 billion for the year to September 30, up from $2.4 billion the previous year…
21 November 2016
General insurance will remain in a soft pricing cycle over the next couple of years, according to Taylor Fry director Kevin Gomes…
21 November 2016
About 19,200 claims totalling $108 million have been lodged with insurers since the severe hailstorm that struck northwest Victoria’s Mildura region more than a week ago…
21 November 2016
Liability insurers’ customer mix is changing, with the services sector dominating as manufacturing declines, Finity Consulting Actuarial Consultant Kim Nowaczyk says…
21 November 2016
The Federal Government’s Department of Human Services has won a court appeal over the actions of a funeral insurer operating in indigenous communities…
21 November 2016
Australian general insurers will achieve combined operating ratios of about 95% next year, even as premium growth remains flat, according to S&P Global Ratings…
21 November 2016
Thousands of jobs will go in insurers’ small claims management departments as they switch to automated processes, according to Ernst & Young Director Advisory Steven Girvan…