Buyer’s market may be the new norm: Aon
22 September 2014
An “extremely competitive” insurance market is driving down premiums and putting consumer loyalty to the test, according to Aon…
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Insurers pay out on Bridgecorp
22 September 2014
The failure of New Zealand financier Bridgecorp continues to cost insurers, although a group of Lloyd’s underwriters has won a rare legal victory by arguing their dispute with the…
Broker chiefs predict big challenges ahead
22 September 2014
Companies that invest now to own and control the insurance distribution channels of the future will be the market’s winners, Arthur J Gallagher Australasia CEO Andrew Godden says…
Consultant to conduct ARPC review
22 September 2014
Treasury has appointed external consultant Pottinger to help weigh up the future of the Australian Reinsurance Pool Corporation…
Climate group forecasts more coastal floods
22 September 2014
The flood threat to Sydney is already three times greater than a century ago, and it will triple with every 10cm the sea level rises, according to a report from the Climate Council…
Australia ‘on the radar’ for Chinese, Indian insurers
22 September 2014
Australia has been second only to Japan for insurance industry merger and acquisition activity in the Asia-Pacific region in recent years, according to global law firm Clyde & Co…
QBE raises fire levy rates in NSW
15 September 2014
QBE has raised its NSW fire service levy rates for business written on or after October 11 this year…
Broker Grant Herbert guilty of corruption
15 September 2014
The owner of collapsed New Zealand broker Herbert Insurance Group has been found guilty of corruption…
Marsh employee wins Catlin Seaview Survey prize
15 September 2014
Marsh Project Manager Davina Misra has won a trip to Bali to observe and participate in the Catlin Seaview Survey…
NZ courts side with insureds over quake reinstatement
15 September 2014
New Zealand courts continue to rule against insurers in cases involving reinstatement of cover during the Canterbury earthquakes…
Researchers call for more fire-prevention burns
15 September 2014
A bushfire expert has called for more fuel-reduction burns in non-ash forests in water catchment areas, after research revealed they have less impact on the quality and quantity…
Court rules against insurers in trucking case
15 September 2014
An insurance agent who denied claims from a Perth trucking company due to its lack of driver training has lost an appeal in the High Court…
NZ businesses ‘unprepared for cyber attack’
15 September 2014
The Insurance Council of New Zealand has urged businesses to review their cyber security following a consumer survey on the perceived hacking threat…
Corruption commission hears of insurance payment to union
08 September 2014
Rejecting the cheapest quote for income protection cover cost the builder of Victoria’s desalination plant millions of dollars, the Royal Commission into Trade Union…
Brokers’ business holds steady
08 September 2014
Intermediaries held their own in the general insurance market in the six months to June, with total premium invoiced rising 2% to $8.69 billion…
Insurers focus on TV ads
08 September 2014
Insurers spent more than $253.3 million of an estimated total spend of $327.6 million on TV advertising in 2012/13, according to an Australia Post report…
Experts predict severe fire season
08 September 2014
The Bushfire and Natural Hazards Co-operative Research Centre has forecast “above normal” danger for the coming fire season across much of the country…
Wilkins hails the greater good
08 September 2014
The insurance industry’s positive impact on communities represents the best of the “shared value” concept, according to IAG CEO Mike Wilkins…
Aon warns on rapid growth of cyber risks
08 September 2014
Cyber risks are rising in Australian companies as technology changes rapidly, according to Kevin Kalinich, Aon’s Global Practice Leader for Cyber & Network Security Risks…
Industry awash with capital: Fogarty
08 September 2014
The Australian insurance industry has nearly $13 billion of excess capacity, says Zurich Australia CEO Daniel Fogarty, and it’s “a big issue” for the market…