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…
Local
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…
Scientist urges ‘smarter’ retrofitting to cut storm losses
08 September 2014
A smarter approach to retrofitting old homes for cyclone and storm resilience will prevent losses and save owners money, an emergency services conference has heard…
NZ Supreme Court to rule on fire levy
08 September 2014
New Zealand’s highest court will decide how the fire services levy is applied to commercial premiums, after the Fire Service Commission was granted leave to appeal…
Judge warns on social media risks
08 September 2014
Social media is creating new forms of insurable risk, but because it is instantaneous and borderless, insurers are unsure where the threat lies, a legal expert warns…
NZ weather costs rise
08 September 2014
Weather-related insured losses in New Zealand have risen to more than $NZ135.4 million ($120.4 million) this year after estimates increased for storms during Easter and July…
Underwriters warned on loose D&O wording
08 September 2014
Underwriters should take care to define professional services in directors’ and officers’ policies, HWL Ebsworth Lawyers partner Tim Griffiths warns…
Personal lines drive industry GWP
01 September 2014
Buyers of home and private motor cover helped lift the industry’s gross written premium in the year to June 30…
Premium funders predict rising demand
01 September 2014
Australia’s use of premium funding lags behind overseas markets, but demand is likely to grow as brokers increasingly promote the service to clients, according to an industry executive…
Warning for Brisbane businesses during G20 summit: be prepared
01 September 2014
The G20 summit in Brisbane in November will affect the ability of many businesses to operate in the city, according to Aon…
El Nino still on the cards
01 September 2014
An El Nino event remains a strong possibility over the coming months, the Bureau of Meteorology warns…
NSW councils hit out over bushfire clearance laws
01 September 2014
The NSW Rural Fire Service will meet with Sydney councils within the next few days as pressure mounts on the NSW Government to modify new anti-bushfire laws …
NZ court allows multiple earthquake claims
01 September 2014
Policyholders could cash in after New Zealand’s Supreme Court ruled an insured can make multiple earthquake claims in a single policy period, up to the sum insured each time…
New entrants step up challenge in personal lines
25 August 2014
Challenger brands have doubled their market share in personal lines over the past three years – and they are not done yet…
University study weighs up bushfire strategies
25 August 2014
A pilot study in NSW could help change the way bushfire risk is managed in vulnerable communities…
Court rules welder’s cancer is workplace injury
25 August 2014
A former welder who contracted lung cancer and subsequently had his right lung removed is entitled to workers’ compensation, a court has found…