Insurers enter ‘extra time’ on peak profits
11 August 2014
Australian general insurers will enjoy “peak profitability” for longer than expected, according to Finity…
Local
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…
CGU and Fels cross swords over fire levy refunds
28 July 2014
Victorian Fire Services Levy Monitor Allan Fels and CGU remain in talks over the insurer’s levy over-collection…
Lawyers seek NSW fire settlement
28 July 2014
Slater & Gordon is seeking a class action settlement over the Blue Mountains bushfires of last October…
Ad campaign to target car-key theft
28 July 2014
A new TV and cinema advertising campaign will alert people to the growing incidence of car-key theft…
ABN Amro and S&P walk away from derivatives case
28 July 2014
Twelve NSW councils will get to keep the $25 million payout they won over the purchase of complex financial derivatives that crashed in value…
Personal lines buyers ‘switching focus from price’
21 July 2014
Consumers may be deciding that cheaper isn’t necessarily better when it comes to buying insurance…
Insurers to recoup some Black Saturday losses
21 July 2014
Insurance companies are in line for a major slice of the $494.6 million Black Saturday bushfire settlement, the largest class action settlement in Australian legal history…