NIBA promotes advice on strata cover
31 August 2015
The National Insurance Brokers Association has produced a guide to help strata committees and unit owners pick the right strata cover…
Local
Queensland premiums are affordable: Aon Benfield
24 August 2015
Northern Australian insurance premiums are reasonably priced, according to Aon Benfield’s Asia-Pacific CEO Malcolm Steingold…
Catastrophes slice industry profits almost in half
24 August 2015
General insurers and reinsurers made a combined net profit of $2.6 billion for the year to June 30, down from $5 billion the previous year…
Post-quake reputation worries NZ insurers
24 August 2015
Natural catastrophes again top the list of risks that concern New Zealand insurers, according to PricewaterhouseCoopers’ biennial survey…
Global warming raises triple threat
24 August 2015
An “extreme of extremes” combination of three potentially devastating weather phenomena is tipped to occur more often as climate change takes hold – and Australia may be one of the worst-hit countries…
Logging ‘increases bushfire risk’
24 August 2015
Extensive logging can increase bushfire severity in Victoria’s mountain ash forests, according to researchers…
EQC pledges to fix shoddy repairs
24 August 2015
Up to 1200 homes damaged by the Canterbury earthquakes may not have been properly repaired, according to New Zealand’s Ministry of Business, Innovation and Employment…
ICNZ appoints code committee
24 August 2015
The Insurance Council of New Zealand has established a committee to monitor compliance with its revised Fair Insurance Code, which takes effect from January 1…
Industry hails premium taskforce’s focus on mitigation
17 August 2015
Insurers have welcomed the Northern Australia Insurance Premiums Taskforce’s initial findings which were released today, noting they give serious consideration to mitigation as an option to address affordability concerns…
Commercial pricing will stabilise, says Suncorp’s Day
17 August 2015
Rationalisation of commercial insurance pricing will take place soon, according to Suncorp…
Councils leave Victorian insurance mutual
17 August 2015
Six councils have left the Municipal Association of Victoria insurance scheme in the past two years, as private insurers muscle in on a market they once abandoned…
Law firm highlights cyber pitfalls
17 August 2015
Law firm Allens has warned Australian businesses that traditional insurance policies may not bail them out after a cyber breach…
Crooks, carmakers in car security ‘arms race’
17 August 2015
Hackers and manufacturers are at war over vehicle security, according to Australia’s National Motor Vehicle Theft Reduction Council…
Safety agency publishes workplace ‘design’ guide
17 August 2015
Safe Work Australia has produced a handbook to help businesses meet their legal obligations, reduce worker injury rates and improve productivity…
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…
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…