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…
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…
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…
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…
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…
16 February 2015
Moody’s Investors Service warns cyclical headwinds will pose a challenge for the Australian property and casualty sector this year…
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…
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…
16 February 2015
Speeding continues to be the biggest cause of major truck accidents, according to research by heavy motor specialist National Transport Insurance…
16 February 2015
QBE and Allianz have increased their NSW fire services levy rates, effective from March 28…
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…
09 February 2015
Australia may be ravaged by more La Nina and El Nino events as the impact of climate change takes hold, scientists warn…
09 February 2015
Different approaches to covering cyber threats have created confusion in the insurance market, according to Deloitte Cyber Risk Services Partner Tommy Viljoen…
09 February 2015
Survivors of the Murrindindi-Marysville bushfire in 2009 have agreed to a $300 million settlement on the eve of a class action in the Victorian Supreme Court…
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…