Severe weather lashes NZ insurers
04 August 2014
Insured damage from New Zealand’s June 9-11 storm totalled $NZ30 million ($27.2 million), taking this year’s bill for severe weather to $NZ107 million ($97.1 million)…
Local
Suncorp to slash premiums as Roma levee nears completion
28 July 2014
Suncorp will cut up to 90% from property premiums in Roma next month thanks to the town’s new flood levee, with other parts of Queensland set to follow suit as defences are completed…
Directors fear increased liability
28 July 2014
Company directors and officers are increasingly worried about regulators holding them personally liable for breaches and issuing hefty penalties, according to Henry Davis York partner Louise Cantrill…
CGU and Fels cross swords over fire levy refunds
28 July 2014
Victorian Fire Services Levy Monitor Allan Fels and CGU remain in talks over the insurer’s levy over-collection…
Lawyers seek NSW fire settlement
28 July 2014
Slater & Gordon is seeking a class action settlement over the Blue Mountains bushfires of last October…
Ad campaign to target car-key theft
28 July 2014
A new TV and cinema advertising campaign will alert people to the growing incidence of car-key theft…
ABN Amro and S&P walk away from derivatives case
28 July 2014
Twelve NSW councils will get to keep the $25 million payout they won over the purchase of complex financial derivatives that crashed in value…
Personal lines buyers ‘switching focus from price’
21 July 2014
Consumers may be deciding that cheaper isn’t necessarily better when it comes to buying insurance…
Insurers to recoup some Black Saturday losses
21 July 2014
Insurance companies are in line for a major slice of the $494.6 million Black Saturday bushfire settlement, the largest class action settlement in Australian legal history…
El Nino fears recede as Pacific cools
21 July 2014
Fears an El Nino system could bring dry weather and increased bushfire risks this summer have eased, based on the latest outlook from the Bureau of Meteorology…
University joins Suncorp in cyclone resilience project
21 July 2014
Suncorp has joined forces with James Cook University to study what makes houses resilient to cyclone damage…
Big Data, bespoke services ‘key to insurers’ success’
21 July 2014
The successful insurers of the future will be those that harness Big Data to provide a personalised service, new research suggests…
Businesses call for disaster data platform
21 July 2014
The Australian Business Roundtable for Disaster Resilience & Safer Communities has called on the Federal Government to develop a national open platform for critical data on disasters…
Queensland businesses underinsure as premiums spiral
21 July 2014
One in eight Queensland small businesses are underinsured because of high premiums, and more than half say soaring insurance costs have cut their profitability…
Workplace death toll falls further
21 July 2014
Workplaces fatalities fell to an 11-year low of 191 last year, down 16% on 2012, according to a new Safe Work Australia report…
Pratten freed, retrial ordered
14 July 2014
Rural & General Insurance founder Charles Pratten is free after the NSW Court of Criminal Appeal quashed his convictions over tax fraud and ordered a retrial…
ICA backs cyclone inspection program
14 July 2014
The Insurance Council of Australia has called for independent engineering inspections of strata title properties in north Queensland, to improve cyclone resilience…
Reinsurers, insurers join Wivenhoe class action
14 July 2014
Insurers have joined a class action that is seeking hundreds of millions of dollars for more than 4000 victims of the January 2011 Brisbane floods…
Insurers losing digital race: PWC
14 July 2014
General insurers are taking too long to develop products and communication methods suited to the digital world, and risk having their markets eroded by tech-savvy new entrants…
NZ storm losses hit $72 million in first half
14 July 2014
Insured storm damage in New Zealand totalled $NZ76.9 million ($72 million) in the first half of this year, according to the Insurance Council of New Zealand…