09 February 2015
New Zealand’s insurance industry will “impose higher standards on itself” and has set a “high benchmark for self-regulation” with its new Fair Insurance Code, according to Insurance Council of New Zealand CEO Tim Grafton…
09 February 2015
Sydney-based management consultancy Strategis Partners plans to launch an agricultural risk management platform called Agricultural Risk Exchange…
09 February 2015
The annually updated National Construction Code will this year be available free for the first time, after federal and state building ministers agreed to drop the $400 charge…
09 February 2015
Motor vehicle theft has fallen more than 60% since 2001, with the drop almost 70% in NSW, latest figures show…
02 February 2015
Despite strong profits last year, the Australian insurance industry is at a turning point and now faces weaker growth and premium rate reductions, according to the latest JP Morgan/Taylor Fry General Insurance Barometer…
02 February 2015
Australia’s general insurers remain profitable despite earnings volatility caused by natural catastrophes and intense competition, according to a new report from AM Best…
02 February 2015
Insurers are in talks with the Australian Securities and Investments Commission over its controversial north Queensland home and contents comparison website, with some threatening not to participate…
02 February 2015
Geopolitical risks outweigh economic threats for the first time in the 10-year history of the World Economic Forum’s Global Risks report…
02 February 2015
Business interruption and supply chain issues, natural catastrophes and fires or explosions are the top three threats facing companies worldwide, according to the fourth annual Allianz Risk Barometer…
02 February 2015
Fifty-six insurers have collectively repaid $26.9 million related to Victorian fire services levy over-collection and price increases…
02 February 2015
Fair and prompt insurance claim resolution falls under a financial service provider’s wider obligation to act with utmost good faith, the Financial Ombudsman Service says…
02 February 2015
Bushfires that swept through the Adelaide Hills early last month have resulted in 936 claims worth $33.1 million…
02 February 2015
The hailstorm that hit Brisbane on November 27 has led to more than 102,300 claims valued at $1.08 billion…
15 December 2014
This is the final scheduled insuranceNEWS.com.au bulletin for 2014. We will return on February 2, but while we’re in recess any significant industry news will be covered by our Breaking News service…
15 December 2014
General insurers and reinsurers made a combined net profit of $4.52 billion in the last financial year, according to the latest company-level statistics from the Australian Prudential Regulation Authority…
15 December 2014
The Queensland Government has told a regional council to remove all references to projected sea level rises from its town planning scheme, prompting fears over future liability…
15 December 2014
Estimated insurance losses from the November 27 Brisbane hailstorm now stand at $804 million, according to the Insurance Council of Australia…
15 December 2014
Victoria must prepare for increasingly devastating bushfires as climate change takes hold, according to the Climate Council…
15 December 2014
Next year’s outlook for the Australian insurance sector remains stable, according to Fitch…
15 December 2014
New Zealand’s Earthquake Commission is soon to start settling about 13,500 land claims from Canterbury earthquake victims whose homes have become more vulnerable to flooding…