Insurance law advice service faces closure
02 May 2016
The Financial Rights Legal Centre says its Insurance Law Service will have to close in July next year due to a lack of government funding…
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Storms ahead for insurers as losses mount: Hannover Re
02 May 2016
Climate change, concentration of assets and the interdependence of industries will continue to increase the severity of economic and insured losses, the Actuaries Institute has heard…
Cyclone season set for record low amid El Nino effect
02 May 2016
Australia is on course for a record low number of cyclones this season, according to a senior climatologist at the Bureau of Meteorology…
EQC and homeowners agree deal, disagree on its meaning
02 May 2016
The EQC Action Group, representing 98 Canterbury homeowners, has claimed a “landmark settlement” with the New Zealand Earthquake Commission on the eve of its bid for a declaratory judgement in the High Court…
Protesters target QBE as a ‘bystander’ on climate
02 May 2016
QBE has been classed a “bystander” – a group taking the least action on climate change – in this year’s Global Climate 500 Index, released today…
Gloomy outlook for Asia-Pacific insurers, says S&P
26 April 2016
The Asia-Pacific insurance sector’s net ratings outlook is “somewhat negative” and pressure is expected to grow if a China-led regional slump worsens, according to Standard & Poor’s…
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…
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…