Australia contributes to ISO fire safety drive
07 December 2015
The Switzerland-based International Organisation for Standardisation (ISO) has developed a raft of measures that aim to minimise loss of life in building and vehicle fires…
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Asia presents ‘great opportunity’: Swiss Re
30 November 2015
Emerging Asia offers “great opportunities” for Australian insurers, according to Swiss Re…
Deadly SA bushfires declared a catastrophe
30 November 2015
The Insurance Council of Australia has declared bushfires north of Adelaide a catastrophe, activating a special taskforce and hotline…
El Nino persists, but Indian Ocean temperatures offer relief
30 November 2015
The positive Indian Ocean Dipole, which has reinforced the impact of El Nino in Australia since August, has broken down…
Gallagher settles case against former employees
30 November 2015
Arthur J Gallagher has settled a damages action against two former employees who it says breached the restraint-of-trade obligations in their employment contracts…
Study to shed light on underinsurance
30 November 2015
A national survey aims to highlight the true scale of underinsurance in Australia, as the bushfire season gets off to a devastating early start…
Powerline technology to reduce bushfire risk
30 November 2015
New technology that dramatically reduces the likelihood of powerline faults causing bushfires is to become mandatory in high-risk areas under new regulations announced by the Victorian Government last week…
Brisbane hailstorm claims pass $1.3 billion
30 November 2015
Claims have passed $1.34 billion one year after Brisbane’s biggest hailstorm in three decades, according to the Insurance Council of Australia…
Vic and WA remain car theft capitals
30 November 2015
Short-term thefts of passenger and light commercial vehicles have increased 11% in the past five years in Victoria and WA, while NSW shows a steady decline, the National Motor Vehicle Theft Reduction Council says…
NZ spending on building insurance soars post-quakes
30 November 2015
New Zealanders’ weekly spending on building-related insurance has risen more than 70% since 2011…
Catastrophes slice industry profits in half
23 November 2015
Profits for insurers and reinsurers fell by half to $2.36 billion as a string of weather-linked disasters including storms in NSW drove up claims, annual industry data shows…
Climate change ‘poses threat to bushfire response’
23 November 2015
Australia’s bushfire preparedness is at risk from climate change, a new report from the Climate Council warns…
Insurers’ revenue ‘to increase’ as rates pick up
23 November 2015
Australian general insurers’ revenues are projected to grow 3.5% a year to reach $68.8 billion in 2020/21, according to analyst Ibisworld…
NZ urged to act on rising sea levels
23 November 2015
New Zealand must better prepare for rising sea levels, according to new research…
More apartments found with non-compliant cladding
23 November 2015
Two more buildings with non-compliant external cladding have been identified in Melbourne…
El Nino effects ‘unknown’ amid climate change
23 November 2015
The impact of the current El Nino cannot be predicted due to the complicating factor of climate change, according to the World Meteorological Organisation…
Carrot-and-stick approach pays off on car crime
23 November 2015
The National Motor Vehicle Theft Reduction Council is not only trying to catch car thieves, it is also helping turn them into valuable members of society…
BOM releases cyclone awareness video
23 November 2015
The Bureau of Meteorology has produced an educational video as part of its cyclone awareness campaign…
Insurers and reinsurers make $2.31 billion profit, APRA data shows
16 November 2015
General insurers and reinsurers have made a combined full-year net profit of $2.31 billion, according to a compilation of company-level statistics from the Australian Prudential Regulation Authority…
Paris attacks ‘show importance of terror reinsurance pools’
16 November 2015
The devastating gun and bomb attacks in Paris that left almost 130 dead show there is an ongoing need for properly functioning terrorism reinsurance schemes, according to the Australian Reinsurance Pool Corporation…