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…
15 December 2014
The NSW Government’s Building Professionals Board has questioned building certifiers about claims against their professional indemnity insurance…
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…
08 December 2014
Insurers must do more to help consumers buy the right cover, according to the Financial System Inquiry’s final report…
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…
08 December 2014
Federal MP Warren Entsch has accused the Insurance Council of Australia of mounting a “scaremongering” campaign on north Queensland consumers.
08 December 2014
Insured losses from last month’s Brisbane hailstorm are approaching the $500 million mark…
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…
08 December 2014
Australian companies show a strong interest in identifying risks within their businesses, according to an Aon global survey…
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…
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…
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…
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…
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…
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…