HIH liquidations edge closer
29 September 2014
Companies in the collapsed HIH group continue to pay out to creditors and are now closed to new claims…
Local
FOS expands role on small business cover
29 September 2014
The Financial Ombudsman Service will widen its small business insurance responsibilities after its board supported most changes proposed in a terms of reference review…
Motor insurance revenues to rise
29 September 2014
Rising vehicle numbers will help drive Australian commercial motor insurance revenues to about $4 billion in the next five years, according to a report by Ibisworld…
NZ insurance complaints up
29 September 2014
A total of 188 general insurance complaints were lodged with the New Zealand Insurance and Savings Ombudsman in the year to June 30, up from 167 the previous year…
Strata body warns Brisbane members over G20 terrorism cover
29 September 2014
With Brisbane on high security alert for the G20 leaders’ summit on November 15-16, strata managers in the CBD and South Bank precincts have been warned their insurance policies…
ICNZ joins government cyber project
29 September 2014
The Insurance Council of New Zealand has joined a government initiative to improve the nation’s cyber security…
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…
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…