Stiff competition, falling premiums continue
10 August 2015
The six months to June featured soft markets, stiff competition and falling premiums in the Australian insurance sector, according to Marsh’s mid-year market report…
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Watchdog warns over deadly electric cable
10 August 2015
Time is running out for homeowners and businesses to remove potentially deadly electric cable from their properties, the Australian Competition and Consumer Commission has warned…
El Nino set to overtake previous events
10 August 2015
The latest El Nino climate effect continues to strengthen and within weeks could surpass peak values reached during 2002 and 2009, according to the Bureau of Meteorology…
Beware threat from outer space, Lloyd’s warns
10 August 2015
A solar storm that could knock out power grids and computers is more probable than we think, according to Lloyd’s Australia General Representative Chris Mackinnon…
Insurance News appoints Managing Editor
10 August 2015
John Deex has been appointed Managing Editor of Insurance News. He replaces Jan McCallum, who has left the publication to pursue freelance opportunities after more than four years in the role…
NZ ‘weather bomb’ pushes bill towards $89 million
10 August 2015
Extensive flooding in June cost insurers more than $NZ44 million, the Insurance Council of New Zealand says…
Lawyers warn of defamation claims from social media
10 August 2015
Only a few insurance claims relating to defamation via social media have been made, but this will change given Australians’ rapid take-up of platforms such as Twitter, last week’s Claims Convention in Sydney heard…
Insurers process record number of Canterbury claims
10 August 2015
Private insurers have settled more than 16,000 residential claims arising from the Canterbury earthquakes of 2010 and 2011, the Insurance Council of New Zealand says…
In Insurance News (the magazine) this month
10 August 2015
Why did Warren Buffett, a visionary investor with a famous instinct for business advantage, do a “hands-off” deal with IAG that he admits he hasn’t done in 48 years? You’ll find the answer in the latest edition of Insurance News (the magazine), which will be mailed to subscribers over the next week…
Insurers face tougher times: Finity
03 August 2015
Australia’s general insurers must adjust to a new reality, as the soft market finally starts to bite, according to actuarial consultant Finity…
Suncorp named best digital brand
03 August 2015
Consumers have named Suncorp the best digital brand in Australia, leading a top 10 in which half of the businesses are banks or insurers…
FOS clears backlog as complaints drop
03 August 2015
The Financial Ombudsman Service recorded 7720 complaints in the second quarter, down 7% on the preceding three months and 4% on the corresponding quarter of last year…
Insurance Box joins world-first telematics study
03 August 2015
QBE’s Insurance Box telematics technology will be used in a world-first study of young drivers…
Cyber criminals pose growing threat
03 August 2015
Organised crime gangs have improved access to sophisticated malware and are using it to steal intellectual property or commercially sensitive information, the Australian Cyber Security Centre warns…
Uni prepares to unveil test for aged drivers
03 August 2015
Research aimed at predicting older people’s fitness to drive is expected to be ready next year…
Transport workers ‘more likely to risk injuries’
03 August 2015
One-fifth of transport industry employers say they break safety rules to complete work on time, according to a survey by Safe Work Australia…
Underinsurance ‘endemic’ in small business
03 August 2015
A survey of small businesses has revealed high levels of underinsurance, with 77% holding no business interruption cover and 60% lacking burglary cover…
Safety agency finds back, neck pain hits youngest hardest
03 August 2015
Back and neck pain are common causes of absenteeism among younger workers, a survey by Safe Work Australia shows…
Suncorp calls on Canberra to fund cyclone retrofit
27 July 2015
Suncorp has urged the Federal Government not to “hide the problem behind an insurance pool” when tackling the cyclone threat in north Queensland…
Flammable cladding found at old people’s home
27 July 2015
Combustible building cladding has been discovered on an aged care facility in Melbourne…