11 May 2015
New Zealand insurers have paid $NZ15 billion ($14.14 billion) to settle residential and commercial claims since the Canterbury earthquakes of 2010 and 2011, the Insurance Council of New Zealand says…
04 May 2015
IAG has raised its guidance on catastrophe losses for this financial year, following six extreme weather events since last November that have generated $2.24 billion in claims…
04 May 2015
Suncorp wants the Federal Government to help fund a strategy it has developed to improve cyclone resilience in north Queensland…
04 May 2015
Suncorp’s new direct offering for small strata properties has drawn fire from brokers, with the National Insurance Brokers Association warning property owners about the product…
04 May 2015
Researchers from the University of Adelaide have discovered much greater complexity in assessing the potential for flood risk than previously realised…
04 May 2015
Brokers are getting better at promoting the Insurance Brokers Code of Practice, the Financial Ombudsman Service says…
04 May 2015
Insurance providers can grow their business by selling more products through banks and mortgage brokers when properties are bought, according to QBE Lenders’ Mortgage Insurance CEO Jenny Boddington…
04 May 2015
The Fire Protection Association has called on insurance companies to help drive up building standards by being more rigorous in selecting the risks they take on…
04 May 2015
Complaints to the Financial Ombudsman Service totalled 8341 in the first quarter, up by 7% on the previous quarter and 4% on the corresponding period last year…
27 April 2015
Last week’s Sydney storms caused estimated insurance losses of $244 million from 34,950 claims, and will test the reliability of flood cover definitions…
27 April 2015
The storms that battered parts of NSW last week are not uncommon and usually do less damage than tropical cyclones, according to Munich Re…
27 April 2015
The local economy is the most pressing concern for business leaders, according to Aon’s Australian Risk Survey…
27 April 2015
Brokers and insurers face increased competition, Suncorp Commercial Insurance CEO Anthony Day told last week’s Steadfast Convention…
27 April 2015
ANZ’s home and contents policy offers the best coverage and is the only product on the market that includes total replacement as standard, according to Choice…
27 April 2015
QBE and Budget Direct have shared the honours in Canstar’s national award for outstanding value in car insurance…
20 April 2015
The major providers of professional education to insurance brokers have been challenged to ensure brokers are properly equipped to prosper in an increasingly competitive environment…
20 April 2015
Consumer expectations in some personal insurance classes are not being met, according to the Financial Ombudsman Service…
20 April 2015
More research on the combined effects of hail size, wind speed and rain could be of major benefit to property insurers in pricing and modelling, a new report on last November’s Brisbane hailstorm says…
20 April 2015
Australasia and Asia suffered 23% of all global insured losses last year, according to Guy Carpenter…
20 April 2015
The Bureau of Meteorology has issued an El Nino alert as ocean temperatures in the tropical Pacific continue to rise…