Ombudsman making headway on backlog
25 August 2014
The Financial Ombudsman Service will have significantly reduced its backlog by the end of the year, according to Chief Ombudsman Shane Tregillis…
Local
More NSW councils bring forward bushfire season
25 August 2014
Up to 20 NSW councils will advance their bushfire season start dates to September 1, with firefighters warning of an “above-average” risk this year…
Liquidator pursues debts, lawyers target planners
25 August 2014
Liquidator KordaMentha has triggered a vicious circle of court action as it places legal pressure on investors in failed forestry group Timbercorp…
NIBA looks to copy guide for MPs
25 August 2014
A British Insurance Brokers’ Association guide for politicians could serve as a template for an Australian version, according to the National Insurance Brokers Association…
Insurers look beyond bonds
18 August 2014
Persistently low yields have forced insurers to diversify their investments, but Australian groups have been slow to copy their counterparts in Europe and North America by investing abroad…
Plan for the worst, Aon warns food suppliers
18 August 2014
Companies in the food supply system should have crisis management plans in place to combat growing risks from issues such as contamination, Aon Risk Solutions warns…
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…
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…