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%…
Local
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…
Regulator probes 170 buildings after Docklands blaze
01 June 2015
The Victorian Building Authority will investigate 170 inner Melbourne buildings to check whether flammable cladding was used in their construction…
Court approves final Black Saturday payouts
01 June 2015
The Supreme Court of Victoria has approved a $300 million settlement of the final class action brought by survivors of the Black Saturday bushfires…
Swiss Re warns of increasing bushfire threat
25 May 2015
Bushfire losses have grown in frequency and size in the past decade, according to a Swiss Re report on emerging risks…
IAG urges business to be bold in Asia
25 May 2015
Australian business must act bravely in engaging with Asia, IAG MD and CEO Mike Wilkins says…
Lawyers warn NIIS threatens legal rights
25 May 2015
More than 80% of personal injury lawyers consider the National Injury Insurance Scheme a backward step for consumers, according to a survey for the Australian Lawyers Alliance…
Pratten retrial pushed back
25 May 2015
A court has postponed until June 1 the retrial of Rural & General Insurance founder Charles Pratten over offences relating to obtaining a financial advantage by deception…
Captive market thriving: Marsh
25 May 2015
The captive market continues to thrive but growth in Australia is limited, according to a new report from Marsh…
Organised criminals cash in on cyber attacks
25 May 2015
Criminal gangs are benefitting from society’s increased reliance on digital technology, the Australian Crime Commission has warned…
Improved data shows crooks’ focus on scooters
25 May 2015
A new classification system for motorcycle thefts reveals motor scooters are a favourite target…
Insurers lose out in proportionate liability case
18 May 2015
Litigants are even more likely to target defendants who carry insurance after the High Court last week narrowed the scope of proportionate liability claims…
El Nino arrival sparks bushfire warning
18 May 2015
El Nino has arrived, and it may combine with other weather systems to create severe bushfire conditions in parts of Australia…
NZ brokers, insurers lose fire service levy case
18 May 2015
New Zealand’s insurance industry is pressing the Government to change the law on funding for fire brigades, after the country’s highest court ruled in favour of the Fire Service in its long-running battle with insurers and brokers over the fire service levy on commercial policies…
Catastrophes to hit insurer earnings: AM Best
18 May 2015
A series of recent natural catastrophes is expected to materially affect Australian insurers’ earnings, according to AM Best…
Two more Victorian buildings found with flammable cladding
18 May 2015
The Victorian Building Authority has identified two more buildings using the same flammable cladding that contributed to a Melbourne Docklands blaze in November…