Wilkins urges radical rethink of disaster management
10 June 2014
Australia needs a more sustainable, comprehensive and national approach to managing natural disasters, according to IAG MD and CEO Mike Wilkins…
Local
S&P, ABN Amro lose appeal over GFC losses
10 June 2014
Standard & Poor’s, ABN Amro and investment manager Local Government Financial Services have lost an appeal in the Federal Court over claims they misled investors before the global financial crisis…
Heatwaves ‘growing more intense’
10 June 2014
Heatwaves now start earlier in the year, last longer and are more intense because of global warming, the Actuaries Institute’s Catastrophe Risk Seminar heard last week…
Car thefts continue to drop
10 June 2014
The number of car thefts dropped marginally in the March quarter, according to the National Motor Vehicle Theft Reduction Council…
NZ storm causes $41 million losses
10 June 2014
An Easter storm that left 22,000 New Zealanders without power and caused extensive damage to properties resulted in insured losses of $NZ46 million ($41.8 million), according to the…
Capacity, competition keep lid on rates
02 June 2014
Plenty of capacity and competition among insurers are keeping rates down as the new financial year approaches…
Industry profits slide despite premium gains
02 June 2014
The industry’s gross written premium increased in the year to March 31 on growth in domestic motor and home and contents insurance, but profits fell…
ARPC to roll out terror blast model
02 June 2014
The Australian Reinsurance Pool Corporation will extend its terrorism blast modelling to Brisbane and Adelaide over the next year…
Expert hits out at bushfire planning reform
02 June 2014
A fire management expert has slammed changes to bushfire planning laws announced by the Victorian Government…
NSW emergency levy rates drop
02 June 2014
Insurers have cut their collection rates for the NSW emergency services levy across most premium lines…
Tax board eases adviser fears on PI cover
02 June 2014
Most financial advisers who offer tax advice will not need to pay significantly higher professional indemnity premiums or obtain extra cover to meet new tax agent registration…
Marsh sues former SA manager
26 May 2014
Marsh is suing its former SA manager of strategic risk Noel Vickery, claiming he took information from the company when he left after being made redundant…
NSW fire victims launch class action
26 May 2014
Hundreds of people who lost homes and businesses in last October’s Blue Mountains bushfire have launched a $200 million class action against power company Endeavour Energy…
Deniliquin ready to resist major floods
26 May 2014
Raising a levee around the NSW town of Deniliquin has cost $15.8 million and will prevent an estimated $85 million of flood losses…
Insurers, council pass blame over NSW bushfire rebuilds
26 May 2014
Some of the 212 homeowners who lost their properties in last year’s Blue Mountains bushfires may not be able to rebuild, because building policy changes left them unwittingly…
ICA probes NSW flood risk data gaps
26 May 2014
The Insurance Council of Australia has started reviewing NSW local government hazard information to improve a national database it has developed…
Trucks account for 30% of worker deaths
26 May 2014
Some 787 workers were killed in truck-related incidents in the decade to 2012, accounting for 30% of all worker fatalities.…
Fears cybercrime threat has gone unheeded
26 May 2014
Cybercrime in Australia costs about $4.5 billion annually, but the message on mitigation is still not getting through to many businesses, Aon Financial Specialties…
Canterbury quakes to cost insurers more than $NZ31 billion
26 May 2014
Insurance losses from the Canterbury earthquakes are likely to range from $NZ31-$38 billion ($28.75-$35.25 billion), the Reserve Bank of New Zealand estimates…
Budget: Canberra funds Queensland comparison website
19 May 2014
The insurance industry is heading for a showdown with the Federal Government over plans to establish a comparison website for home and strata cover in north Queensland…