ICNZ denies Christchurch ‘delaying tactics’
02 March 2015
Insurance Council of New Zealand CEO Tim Grafton has denied allegations that insurers are deliberately delaying settlement of Canterbury earthquake claims…
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Australian insurers lead world on claims costs
02 March 2015
Australia stands out among global markets for reducing claims expenses and improving profit margins, a new report shows…
ICA hails Toowoomba flood maps
02 March 2015
The Insurance Council of Australia has welcomed a new flood management program launched by Toowoomba Regional Council in Queensland…
Brand power ‘drives up travel cover premiums’
02 March 2015
Some direct travel insurance products show little correlation between strength of features and higher premiums, according to the latest Travel Insurance Report from researcher Plan For Life…
New Zealand councils warned over flood risk
02 March 2015
Local authorities must start planning for increased flooding caused by climate change, the Insurance Council of New Zealand warns…
Queensland cyclone victims lodge more than 5000 claims
23 February 2015
Cyclone Marcia in Queensland has so far prompted more than 5000 claims from car and property-owners, according to the Insurance Council of Australia today…
Insurance leaders flag competitive year ahead
23 February 2015
Intense competition and pressure on premiums in the insurance market are set to continue, Marsh MD and Head of Placement for Asia-Pacific John Donnelly warns…
Milliner urges business to take lead on reform
23 February 2015
Businesses can grow trust by proactively engaging in reform, according to Suncorp Personal Insurance CEO Mark Milliner…
Lawyers weigh up class action over berries scare
23 February 2015
A class action over hepatitis A in frozen berries could lead to substantial payouts, according to a national law firm…
Vero calls for simpler NZ earthquake model
23 February 2015
Vero has called for debate on how New Zealand handles disaster insurance, after releasing a report that finds the dual insurance model, unclear protocols, co-ordination issues and time taken to understand land changes delayed claims settlements following the Canterbury earthquakes…
Insurers warned over crowd-funding rules
23 February 2015
Proposed changes to crowd-funding regulations in Australia may have an impact on insurers, particularly those underwriting directors’ and officers’ and management liability cover, law firm Clyde & Co warns…
NRMA, Defence Service Homes win Roy Morgan awards
23 February 2015
NRMA Insurance has been named business insurer of the year at the annual Roy Morgan Customer Satisfaction Awards in Melbourne last week…
In the latest edition of Insurance News (the magazine)
23 February 2015
The next year is shaping up to be one of the most challenging for insurers and brokers, as investment income and premium rates plummet. The February/March edition of Insurance News (the magazine) reports on the background to this situation, and what to expect…
Canterbury earthquake claims ‘on track’
16 February 2015
Private insurers have paid out almost $NZ14 billion ($13.4 billion) settling Canterbury earthquake claims, the Insurance Council of New Zealand says…
General insurers face cyclical problems
16 February 2015
Moody’s Investors Service warns cyclical headwinds will pose a challenge for the Australian property and casualty sector this year…
Insurers cling on to profits amid growing competition
16 February 2015
Competition in the Pacific region continued to drive down commercial premiums last year but insurers remained profitable amid fewer catastrophic losses, according to Marsh…
Lloyd’s looks to protect its Australian patch
16 February 2015
Lloyd’s says it will focus on its “accessibility and visibility” in Australia as competition in the local commercial insurance market intensifies…
Truck insurer warns of fatigue, ageing drivers
16 February 2015
Speeding continues to be the biggest cause of major truck accidents, according to research by heavy motor specialist National Transport Insurance…
Insurers raise NSW fire services levy
16 February 2015
QBE and Allianz have increased their NSW fire services levy rates, effective from March 28…
Lloyd’s chairman awaits correction
16 February 2015
The Australian Financial Review has still not issued a correction to a report last week stating that Lloyd’s Chairman John Nelson had “thrown his support” behind the Federal Government’s plan to allow unauthorised foreign insurers to enter the local market…