LMI hails more five-star claims services
15 June 2015
Four insurers have earned five-star ratings for the first time in LMI Group’s latest ClaimsComparison survey…
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ICA states case for workers’ comp overhaul
15 June 2015
A report commissioned by the Insurance Council of Australia calls for greater harmony between state and territory workers’ compensation schemes…
Climate change ‘intensifies flash flooding’
15 June 2015
Australian communities face increasingly damaging flash floods as the planet warms, according to research by the University of NSW…
NSW court upholds confidentiality of PI policy
15 June 2015
The NSW Supreme Court has rejected a bank’s request for access to the professional indemnity policy of a company it is suing…
Call for rethink of credit card travel cover
15 June 2015
Allianz Global Assistance has called for an overhaul of the way travel insurance is provided with credit cards, following a review by the Australian Securities and Investments Commission…
NZ insurers agree to $NZ100,000 code fine
15 June 2015
Insurance Council of New Zealand members have agreed to a maximum fine of $NZ100,000 ($92,850) for unresolved significant breaches of the Fair Insurance Code, which takes effect on January 1…
Car thefts sink to record low
15 June 2015
The number of short-term car thefts in Australia fell to 31,266 in the year to March – the lowest annual level since tracking started in the 1970s…
In Insurance News (the magazine) this month
15 June 2015
The latest newcomer to the local insurance market is one that’s got competitors worried. It’s Berkshire Hathaway Speciality Insurance, and our exclusive report in the June/July edition of Insurance News (the magazine) introduces you to its 33-year-old Australian CEO, who has big plans and the backing to carry them out…
Change afoot, but industry fundamentals will remain, expert says
09 June 2015
A range of factors is reshaping the insurance landscape, according to senior lawyer Mark Kimberley. But he expects the industry will adapt to the changes without being damaged…
Coroner should probe cladding blaze, firefighters say
09 June 2015
The Metropolitan Fire Brigade in Melbourne has asked a coroner to investigate a high-rise fire that spread rapidly due to the use of flammable cladding…
FOS outlines compensation scheme plan
09 June 2015
The creation of a financial services compensation scheme in Australia would benefit consumers by addressing gaps in professional indemnity insurance, according to the Financial Ombudsman Service, which has released a new proposal for the scheme…
Technology raises prospect of zero car accidents
09 June 2015
The insurance industry was given a taste last week of how technology is going to change motor vehicle and accident insurance…
Insurers will cover drones as numbers rise
09 June 2015
Insurance cover for the commercial use of unmanned aerial systems, usually referred to as drones, will become more easily available in Australia as numbers of the machines grow, LMI MD Allan Manning says…
Use raw data or fall behind competitors: PWC
09 June 2015
Technology makes it easier for insurance companies to gather vast quantities of valuable consumer and market data, but many are not using it to compete more effectively…
Car thefts rise in Victoria
09 June 2015
Victoria Police statistics show vehicle thefts in the state increased 11.5% last year, and RACV Insurance says theft claims rose almost 9%…
Aon increases Australia’s terror risk rating
01 June 2015
Australia’s terrorism risk rating has risen following the Sydney cafe siege, according to a new report…
Catastrophe claims reach $3.42 billion in nine months
01 June 2015
Total insurance claims for catastrophes which have hit Australia since last November have now reached $3.42 billion, according to the Insurance Council of Australia…
Disasters drive up claims
01 June 2015
General insurers’ gross incurred claims grew 21.8% to $31.2 billion in the year to March 31 amid higher catastrophe claims, industry data shows…
El Nino ‘gaining strength’
01 June 2015
The El Nino climatic effect continues to strengthen and will last at least into the Australian spring, according to the Bureau of Meteorology’s latest update…
NZ insurers, brokers reject fire levy proposals
01 June 2015
New Zealand insurers and brokers have slammed the Government’s proposals for reform of fire service funding…