ICA warns on compo scams
07 April 2014
Drivers should be on their guard against scammers posing as insurance representatives, the Insurance Council of Australia has warned…
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Suncorp sounds warning on high-risk building projects
31 March 2014
Governments that allow high-risk property developments are putting communities at risk and pushing up insurers’ costs, Suncorp Personal Insurance CEO Mark Milliner warns…
Challenge to Great Southern D&O ruling postponed
31 March 2014
A High Court challenge over access to directors’ and officers’ liability nsurance may not happen, with the Great Southern shareholder class action likely to end in a settlement…
Insurer ad spend off the mark
31 March 2014
Insurers convinced of the need to direct more of their marketing online may be missing the mark with consumers who are more attuned to television adverts and personalised mail…
Refunds due after Victorian FSL over-collection
31 March 2014
Some commercial policyholders will receive refunds “in the thousands of dollars” following over-collection of the Victorian fire services levy in its final year…
Pell backs insurance for priests
31 March 2014
Insurance for priests could be a “very useful development”, Cardinal George Pell told the royal commission on child sexual abuse last week…
AAMI funds distracted driver research
31 March 2014
AAMI has announced funding for research into distracted driving, which is on the rise among young people…
Roundtable orders report on disaster research
24 March 2014
The Australian Business Roundtable for Disaster Resilience & Safer Communities has commissioned a report on natural hazard data and the need for a national research plan…
Insurers set their agenda for G20
24 March 2014
Governments should ensure regulations encourage insurers to make long-term investments that can aid economic growth, according to the Global Federation of Insurance Associations…
Lawyers build Kilmore fire compensation case
24 March 2014
A Melbourne legal firm has appealed for victims of the recent Kilmore fire north of the city to come forward as it looks to build a class action…
Queensland businesses offer views on insurance
24 March 2014
Queensland’s Chamber of Commerce and Industry will this month survey members on the impact of higher insurance costs…
NZ homeowners risk underinsurance as sum-insured arrives
24 March 2014
New Zealand’s move to sum-insured from total-replacement cover last year has raised fears many homeowners could be underinsured…
Anti-bullying laws may drive compo claims: Suncorp
24 March 2014
A rise in prosecutions for workplace bullying could create a spike in workers’ compensation claims, Suncorp Commercial Insurance warns…
Capital requirement ‘pushing up’ NZ insurance costs
24 March 2014
The Reserve Bank of New Zealand’s demand that insurers carry enough capital to cover a one-in-1000-year event will further increase the cost of insurance, according to…
Quake-hit residents blame EQC, insurers for stress
24 March 2014
Canterbury residents rate dealing with the Earthquake Commission and insurers as their main source of stress…
Broking growth solid, Macquarie says
17 March 2014
Insurance broking businesses improved their profitability last financial year despite a subdued economic environment and increased competition, according to a study by…
FOS looks to cut backlogs following service review
17 March 2014
The Financial Ombudsman Service (FOS) will restructure some operations to reduce backlogs as it responds to an independent review that found delays in dispute resolution…
Flood mitigation brings Queensland premium reductions
17 March 2014
Insurers are to cut some property premiums in Queensland by up to 70% following the completion of flood mitigation works…
SMEs more receptive to risk analysis
17 March 2014
Australian SMEs face tough times and are increasingly likely to invest in risk analysis, according to a survey by Zurich…
Insurers agree Bridgecorp D&O payout
17 March 2014
Insurers will pay $NZ18.9 million ($17.76 million) from a directors’ and officers’ policy to the receiver of failed New Zealand finance company Bridgecorp…