Insurer funds massive cyclone study
20 October 2014
The James Cook University Cyclone Testing Station in Townsville will examine 24,000 insurance claims to identify ways of improving the resilience of north Queensland housing…
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Marsh adds more lost clients to case against ex-manager
20 October 2014
Marsh now alleges it lost 13 clients after former SA manager of strategic risk Noel Vickery left the company and joined Arthur J Gallagher…
Met bureau predicts soft cyclone season
20 October 2014
The Bureau of Meteorology has forecast a below-average tropical cyclone season, thanks to El Nino-like conditions in the Pacific…
Critical council missing from flood database: ICA
20 October 2014
The Insurance Council of Australia says it is working with Bundaberg Regional Council to ensure disaster mitigation work is reflected in residents’ premiums…
Fraudulent broker Herbert jailed
20 October 2014
New Zealand broker Grant Herbert has been sentenced to four-and-a-half years in jail for theft and paying secret commissions…
Broker ‘would inform clients’ of tax office demand
20 October 2014
Marsh says it will tell clients if information on their assets is handed to the Australian Taxation Office…
Suncorp echoes call for mitigation emphasis
20 October 2014
Suncorp says its own research supports the findings of the Productivity Commission’s draft report on natural disaster funding…
FSL surplus to aid consumer projects
20 October 2014
A portion of the $23.4 million recovered from 56 insurance companies that overcollected Victoria’s final fire services levy will be used to help the state’s most disadvantaged consumers…
Claims-handling drives rise in code breaches
20 October 2014
Insurers committed 21 “significant” breaches of the General Insurance Code of Practice last financial year, according to the Code Compliance Committee…
Electronic data system poses threat to car crime
20 October 2014
Australia is a step closer to launching a fully automated online database of written-off vehicles, aimed at disrupting the illegal market for laundered cars and trucks…
ATO targets insurers’ wealthy clients
13 October 2014
The Australian Taxation Office has demanded insurers hand over information about high net worth clients, insuranceNEWS.com.au can reveal…
Insurers need to look beyond comfort zone: Aon
13 October 2014
The industry must find ways to cover emerging risks, Aon Australia CEO Lambros Lambrou says…
Medical insurer merger fails
13 October 2014
Members of Perth-based MDA National have voted against a merger with the Medical Defence Association of SA…
Growth ambitions ‘require new technology’
13 October 2014
Insurers must upgrade technology to “bridge the digital divide”, according to a new report from financial services provider State Street…
General insurance disputes fall
13 October 2014
The number of disputes received by the Financial Ombudsman Service fell 2% to 31,680 last financial year, according to its annual report…
Bridgecorp-Lloyd’s case goes to Court of Appeal
13 October 2014
The receiver of failed financier Bridgecorp has argued a $NZ20 million ($17.79 million) claim against a Lloyd’s syndicate should be heard in New Zealand rather than England…
BOM steps up tropical cyclone warnings
13 October 2014
A review of tropical cyclone warnings has led to a decision to have hourly updates for some Category 2 systems in the coming season…
Wellington fault unlikely to shake up premiums
13 October 2014
Premiums are unlikely to rise after the discovery of another fault line in Wellington, because a high level of risk was already assumed, the Insurance Council of New Zealand…
In this month’s edition of Insurance News (the magazine)
13 October 2014
Australian insurers have held premiums up for a remarkably long time, recording a $4.96 billion profit last year – but the easy times are coming to an end. The October-November issue of…
Emerging risks ‘present opportunity’ for brokers
06 October 2014
Brokers should take on a broader advisory role to meet the expectations of clients grappling with new risks, according to PricewaterhouseCoopers…