FSL monitor offers amnesty to Victorian brokers
06 October 2014
Victoria’s Fire Services Levy Monitor Allan Fels will give brokers a month’s amnesty to ensure they have not applied the charge following its abolition on July 1 last year…
Local
Canstar reveals home and contents champions
06 October 2014
Canstar has named CommInsure, AAMI, OnePath and ANZ as its annual award winners in home and contents insurance categories…
Car theft rates fall further
06 October 2014
The number of motor vehicle thefts nationwide has fallen to its lowest level since the 1970s, according to a new report…
Power company faces Victorian bushfire class action
06 October 2014
Bushfire litigation specialist Maddens Lawyers has launched a $50 million class action for 150 property owners burned out by the Mickleham-Kilmore bushfire…
NZ consumer group demands action on home calculations
06 October 2014
Insurers should take more action to ensure homeowners do not unwittingly underinsure, according to a New Zealand consumer group…
EQC prepares for Canterbury wind-down
06 October 2014
The New Zealand Earthquake Commission has called for a more consistent, coherent and co-ordinated approach to managing natural hazard risk…
Public sector urged to adopt risk management ethos
06 October 2014
Public sector entities must include risk management in their everyday activities, Federal Auditor-General Ian McPhee says…
Insurer profit rises despite growing competition
29 September 2014
Australian insurance profits grew 8.3% last financial year to a post-global financial crisis record of $4.96 billion amid escalating competitive pressures, according to KPMG…
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…
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…