Building groups look to improve NSW certifiers’ PI cover
15 December 2014
The NSW Government’s Building Professionals Board has questioned building certifiers about claims against their professional indemnity insurance…
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LMI ‘benefits from lending crackdown’
15 December 2014
Moves to reinforce sound mortgage lending practices will have knock-on benefits for providers of lenders’ mortgage insurance, according to ratings agency Moody’s…
Murray inquiry calls for better guidance and disclosure
08 December 2014
Insurers must do more to help consumers buy the right cover, according to the Financial System Inquiry’s final report…
Cyclone risk ‘lifts north Queensland premiums’
08 December 2014
Rates for home and contents cover in north Queensland have risen 80% since 2005 due to insurers responding to cyclone losses, according to the third Australian Government Actuary report on insurance pricing in the region…
MP attacks ICA over north Queensland ‘scare campaign’
08 December 2014
Federal MP Warren Entsch has accused the Insurance Council of Australia of mounting a “scaremongering” campaign on north Queensland consumers.
Brisbane hailstorm losses continue to rise
08 December 2014
Insured losses from last month’s Brisbane hailstorm are approaching the $500 million mark…
Growth problems drive consolidation
08 December 2014
The number of mergers and acquisitions in the Asia-Pacific region has held steadier than expected since the global financial crisis, according to AM Best…
Businesses look to confront risk
08 December 2014
Australian companies show a strong interest in identifying risks within their businesses, according to an Aon global survey…
Gun victim loses court battle over UFI failure
08 December 2014
A court has dismissed legal action against the Federal Government by a man who was severely injured in a nightclub fight, and whose Solomon Islands-registered insurer did not pay his claim…
ICA in talks over NSW flood data stoush
08 December 2014
The Insurance Council of Australia (ICA) and the Richmond River County Council in northern NSW are working to overcome a standoff over the provision of flood data, following huge increases in residents’ insurance premiums…
FOS widens scope on small business disputes
08 December 2014
The Financial Ombudsman Service has announced a series of changes to the way it handles general insurance disputes involving small businesses, following industry consultation on FOS’ terms of reference…
In Insurance News (the magazine) in December
08 December 2014
The December/January edition of the insurance industry’s most-read print publication, Insurance News (the magazine), will be delivered to subscribers in the next week…
Comparators ‘on notice’, ACCC warns
01 December 2014
The Australian Competition and Consumer Commission says it is monitoring comparison websites following its report on the industry highlighted concerns about lack of transparency…
Personal lines drive industry premium rise
01 December 2014
Home and contents and domestic motor insurance helped lift general insurance gross written premium in the year to September 30, according to latest industry figures from the Australian Prudential Regulation Authority…
Brisbane hailstorm claims top $200 million
01 December 2014
Almost 40,000 insurance claims totalling $201 million have been lodged since the huge hailstorm that hit Brisbane and southeast Queensland last Thursday…
NZ court throws out Bridgecorp Lloyd’s appeal
01 December 2014
The New Zealand Court of Appeal has rejected a legal action targeting the professional indemnity insurance of the broker to failed financier Bridgecorp…
Injury scheme reform ‘could produce $12 billion windfall’
01 December 2014
Privatisation of state personal injury schemes could boost economic productivity by billions of dollars, modelling commissioned by Suncorp shows…
Actuaries hold key climate change role
01 December 2014
Actuaries have a vital role to play in analysing the potential effects of climate change on insurance in Australia, according to research presented to an industry conference…
AAMI names natural hazard hotspots
01 December 2014
The Tamworth area, western Melbourne and the Gold Coast were among hotspots for natural hazard insurance claims last financial year, according to major personal lines insurer AAMI…
ICNZ calls for teamwork on climate threat
01 December 2014
The Insurance Council of New Zealand says reducing the impact of climate change requires “a collective long-term view”…