Ex-AFL coach loses case against Chubb
09 May 2016
Chubb Insurance is not obliged to pay legal bills of almost $660,000 accrued by James Hird, the former coach of AFL club Essendon, according to the Victorian Supreme Court…
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Code committee acts on first hardship breach
09 May 2016
The General Insurance Code Governance Committee has made its first determination under new financial hardship provisions, according to the Financial Ombudsman Service…
Swiss Re roundtable ponders questions of technology
09 May 2016
Technology’s impact on risk management and the wider insurance industry dominated discussion at a Swiss Re roundtable last month…
Ombudsman probes insurer’s claim denials
09 May 2016
The Financial Ombudsman Service says it has approached a general insurer following a “large volume of complaints” from policyholders whose claims were declined…
Canterbury insurance payouts reach $16.5 billion
09 May 2016
Insurers have paid out $NZ17.8 billion to Canterbury earthquake victims, according to latest figures from the Insurance Council of New Zealand…
More apartments on ‘high alert’ over flammable cladding
09 May 2016
Two Melbourne apartment blocks with flammable cladding have been added to a Metropolitan Fire Brigade list of buildings considered a greater risk if fire breaks out…
Millions in compensation remains unpaid: FOS
09 May 2016
The Financial Ombudsman Service says 194 consumers are still waiting for compensation worth $12.61 million, plus interest…
Pratten jailed for tax fraud following retrial
02 May 2016
Rural & General Insurance founder Charles Pratten has been jailed for five years after failing to declare more than $5 million income…
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…
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…