30 March 2015
The debate over whether climate change is man-made or cyclical misses the point that, whatever the cause, unusual weather events are becoming more commonplace, according to a reinsurance claims expert…
30 March 2015
A survey of SA fire victims has shown 85% had their homes fully insured in January last year when lightning strikes caused blazes that destroyed a dozen houses…
23 March 2015
With the reinsurance market awash in alternative capital, insurance premium rates are expected to fall slightly this year in Australia, according to a new report from actuarial group Taylor Fry…
23 March 2015
Direct insurer Youi has entered the Ibisworld top 1000 companies chart, while Auto & General, owner of Budget Insurance, has jumped up the list…
23 March 2015
About 45 people attended the Insurance Council of Australia’s forums in Yeppoon and Rockhampton last week for policyholders hit by Cyclone Marcia…
23 March 2015
Victorian Auditor-General John Doyle has criticised the Municipal Association of Victoria’s insurance operation for not running a competitive tender for its insurance services…
23 March 2015
The impact of the Canterbury earthquakes continues to be felt, with the Earthquake Commission starting to settle claims for land that is more vulnerable to flood following changes to the region’s topography…
23 March 2015
Loss manager LMI Group is calling for input from brokers, insurance service providers and consumers as it compiles its first-quarter ClaimsComparison survey…
23 March 2015
The number of short-term vehicle thefts hit a record low last year, the National Motor Vehicle Theft Reduction Council says…
16 March 2015
The number of small businesses using brokers has dropped, according to this year’s Vero SME Insurance Index…
16 March 2015
A surge in claims from businesses following Cyclone Marcia last month has taken insured losses to $403.6 million from 29,565 claims, according to the Insurance Council of Australia…
16 March 2015
The WA coastal town of Carnarvon, 900km north of Perth, is expected to be declared a natural disaster zone following extensive damage by Cyclone Olwyn last Friday…
16 March 2015
Australian insurers’ biggest challenge is the pressure to grow in a static market, according to a new report from Aon Benfield…
16 March 2015
The Insurance Council of Australia (ICA) and the Insurance Council of New Zealand have signed a United Nations statement on reducing the impact of natural disasters…
16 March 2015
The Australian Business Roundtable for Disaster Resilience & Safer Communities is one of three finalists for the United Nations Sasakawa Award for Disaster Reduction, to be announced in Japan tomorrow…
09 March 2015
Premiums invoiced by intermediated general insurance businesses fell to $9.67 billion for the six months to December 31, according to the Australian Prudential Regulation Authority…
09 March 2015
Insurers’ profitability will likely take a hit this year amid a rise in claims costs and weak investment returns, according to Moody’s Investors Service…
09 March 2015
Estimated insurance losses from Tropical Cyclone Marcia in Queensland now stand at $130.5 million, with 17,400 claims lodged, according to the Insurance Council of Australia…
09 March 2015
Insurance companies are chasing a limited amount of fixed-income investments and are being forced to consider other asset classes, according to a global investment specialist…
09 March 2015
Australian insurers’ biggest challenge is the pressure to grow in a static market, according to a new report from Aon Benfield…