Stay and defend policy ‘worries authorities’
18 August 2014
The ferocity of bushfires in recent years is causing authorities to be less positive about the benefits of householders choosing to “stay and defend” their properties…
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NZ consumer group flags home valuations discrepancy
18 August 2014
New Zealand should regulate to ensure sum-insured home policies provide suitable cover based on accurate valuations, according to Consumer NZ…
Review flags national indemnity program for clinical trials
18 August 2014
Insurance and indemnity arrangements for clinical trials could be streamlined to provide more national consistency, a new report has found…
Don’t miss out on our Bali competition
18 August 2014
Time is running out for brokers to win a trip to Bali, to dive with ocean researchers on the Catlin Seaview Survey…
Rooftop installations pose problems
18 August 2014
When it comes to environmentally sustainable buildings, green is good but not without its risks, the 2014 Claims Convention has heard…
In Insurance News (the magazine) this month
18 August 2014
Who’s Australia’s largest insurer? It has to be IAG, right? Yes, but Suncorp is more profitable and makes more on its investments. The latest edition of Insurance News (the magazine)…
Insurers enter ‘extra time’ on peak profits
11 August 2014
Australian general insurers will enjoy “peak profitability” for longer than expected, according to Finity…
It’s a buyer’s market: Marsh
11 August 2014
Marsh’s half-year report card for Australia notes an “abundance of capacity” in the insurance and reinsurance markets, “more pronounced” competition among direct insurers…
Blue Mountains class action attracts more litigants
11 August 2014
Almost 400 people have registered for a class action over last October’s Blue Mountains bushfires, according to Maddens Lawyers…
FOS disputes fall further
11 August 2014
General insurance complaints to the Financial Ombudsman Service (FOS) continue to decline after a spike following the 2011 floods…
Insurers ‘ramp up’ Canterbury quake settlements
11 August 2014
New Zealand insurers remain confident they will settle most Canterbury earthquake claims by the end of 2016, although over-cap claims are still being passed to them…
Brokers – win a trip to Bali
04 August 2014
International insurer Catlin is offering brokers a chance to win a trip to Bali to see the latest stage in its global marine science project…
Homeowners in dark on bushfire rebuild costs
04 August 2014
Most people living in bushfire-prone areas are unaware they are underinsured since more stringent building regulations were introduced, according to Legal Aid NSW…
Directors call for stronger legal protection
04 August 2014
The Australian Institute of Company Directors has called for the introduction of an “honest and reasonable” defence for directors who face legal action…
ICA names code committee
04 August 2014
Three people have been appointed to the Insurance Council of Australia’s new independent corporate governance committee to monitor and enforce compliance…
D&O cover growing in importance: Marsh
04 August 2014
Aggressive regulatory investigations and civil actions are raising the importance of effective directors’ and officers’ insurance, according to Marsh…
Heavy truck safety review ‘heading in right direction’
04 August 2014
National Transport Insurance has welcomed publication of the first phase of a major review of heavy vehicle roadworthiness…
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)…
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…