29 February 2016
Australian marine protection and indemnity renewal premiums will rise moderately as the International Group of P&I Clubs – the prominent group of non-profit mutual underwriters – tries to break even…
29 February 2016
US scientists have developed an app that allows smartphones to double as earthquake early warning systems…
22 February 2016
Australian insurers and reinsurers’ net profit fell 42.2% to $2.4 billion last year as claims from storms and bushfires took their toll, according to industry data…
22 February 2016
A tornado in Kurnell, southern Sydney, in December has so far cost insurers $205.3 million, according to figures released by the Insurance Council of Australia today…
22 February 2016
The independent Bushfire Building Council of Australia has joined scientists and indigenous experts in calling for a national strategy to improve community resilience to fire…
22 February 2016
Capacity will continue to exceed demand in the Australian general insurance market this year, according to Marsh…
22 February 2016
About 1000 Christchurch residents held a protest yesterday about insurance responses to the 2011 Christchurch earthquakes, marking the eve of the worst quake’s fifth anniversary…
22 February 2016
A class action against Endeavour Energy over the 2013 Blue Mountains bushfires reached court last week, with the hearing expected to last more than two months…
22 February 2016
The long-awaited technological revolution is already impacting on insurance, and promises to change everything about the way the industry works. Insurance News (the magazine) looks at the influences behind the changes, and how brokers in particular will be challenged by new systems and operating models. The name of the game is disruptive innovation, and our February/March edition examines just how extensive the disruption will be…
15 February 2016
Red-hot competition seems to agree with the insurance broking industry…
15 February 2016
Last year was Australia’s fifth-warmest on record, with the national mean temperature 0.83 degrees above the 1961-90 average, according to the Bureau of Meteorology…
15 February 2016
The number of bushfires in Australia increased by about 40% in the six-year period to 2013, according to a computer model developed by CSIRO Data61 scientists…
15 February 2016
Australian general insurers must accept the realities of climate change and increase pressure on governments over mitigation, Taylor Fry Senior Actuary Sharanjit Paddam says…
15 February 2016
The Insurance Council of New Zealand expects few domestic claims following Saturday’s 5.7-magnitude earthquake in Canterbury…
15 February 2016
The 18% rise in the number of business insolvencies last year should act as a warning to all organisations to protect their bottom lines, says major broker Marsh…
15 February 2016
A driverless bus will go on trial in WA later this year, in a first for the country…
15 February 2016
The Insurance Council of Australia will hold a forum for policyholders affected by the recent bushfire in WA’s southwest…
08 February 2016
Campaigners fear a $12.5 million scheme to provide grants to north Queensland body corporate managers for building assessments has been stalled by bureaucracy…
08 February 2016
Owners of homes and businesses destroyed by the Great Ocean Road bushfires will receive assistance to rebuild under a memorandum of understanding between the Insurance Council of Australia and the Victorian Government…
08 February 2016
The worst of the current El Nino is over, with the weather phenomenon – which usually means drier and hotter conditions in Australia – easing from its peak late last year, according to the Bureau of Meteorology…