Disaster funding inquiry’s scope ‘spot on’
05 May 2014
The Insurance Council of Australia has welcomed the release of terms of reference for the Productivity Commission’s inquiry into natural disaster funding…
Local
Little bird gives CSIRO a heads-up on disasters
05 May 2014
The Commonwealth Scientific and Industrial Research Organisation has stepped up its monitoring of Twitter for early reports of earthquakes, fires, cyclones and floods…
Excesses rise as Christchurch floods again
05 May 2014
Parts of earthquake-ravaged Christchurch flooded again last week, closely following February and March floods that are expected to cost insurers $NZ25 million ($23.1 million)…
Insurance Law Service under threat as funding is cut
05 May 2014
The Insurance Law Service faces closure due to government funding cuts, Principal Solicitor Katherine Lane warns…
Men cheat more on travel insurance
05 May 2014
Men are more likely than women to inflate travel cover claims and seek payment for pre-existing damage to items, a survey for Southern Cross Travel Insurance shows…
Competition and capacity ‘on the rise in Australia’
28 April 2014
Insurance capacity is rising and competition is at an all-time high, according to Aon Australia’s first-quarter Insurance Market Update…
LMI hails five-star claims performers
28 April 2014
Lumley, AIG, Chubb and Vero are among insurers to record improvements in the latest ratings on LMI Group’s ClaimsComparison website…
Ita losses hit $8.4 million
28 April 2014
Insured losses from Cyclone Ita in north Queensland have reached about $8.4 million, according to the Insurance Council of Australia…
NZ insurers beat drum on fire levy reform
28 April 2014
New Zealand’s insurance industry continues to call for reform of the nation’s fire service levy, as the country enters election mode before the September 20 vote…
NIBA attacks One Big Switch for FNQ failure
28 April 2014
The National Insurance Brokers Association has criticised One Big Switch for wrongly raising consumer expectations in Far North Queensland…
Cyclone Ita declared a catastrophe
14 April 2014
The Insurance Council of Australia has declared Cyclone Ita a catastrophe for areas of north Queensland, meaning insurers will give priority to cyclone claims…
No easy answer to western Sydney flood risk: report
14 April 2014
Western Sydney’s Hawkesbury-Nepean Valley faces a serious, ongoing flood risk that has no simple or single solution, according to the first stage of a NSW Office of Water review…
Pet insurance complaints on the rise
14 April 2014
A study of the pet insurance sector accuses insurers of numerous exclusions, little scope to switch policies, a growing number of complaints and cases of premiums being charged for dead pets…
Taxi reforms ‘won’t solve insurance crisis’
14 April 2014
New laws to tackle unregulated taxi clubs in Victoria will not be effective, according to Taxicare Australia MD George Karas…
Canstar names top NZ travel insurers
14 April 2014
Southern Cross and Travel Insurance Direct have been rated “outstanding value” in a Canstar study…
In this edition of Insurance News (the magazine)
14 April 2014
They call Robert Kelly Mr Steadfast, and the name suits the man. While the hurly-burly days of the “Steadfast tribe” are past, he still speaks his mind on industry issues. Meet the man behind the legend in this month’s edition of Insurance News (the magazine), which will be arriving in subscribers’ mailboxes this week…
NIBA slams One Big Switch
07 April 2014
The National Insurance Brokers Association has criticised consumer group One Big Switch for its campaign to hammer down prices on home and contents policies…
Climate report predicts stark future
07 April 2014
A new United Nations report warns Australia faces severe damage from increased flooding, rising sea levels and bushfires as the regional climate continues to heat up this century…
Law-savvy shareholders step up class actions
07 April 2014
Company directors face increased scrutiny from shareholders who are now more aware of their legal rights and better equipped to pursue class actions through litigation funders, insurers say…
Court rejects WA bushfire case bid
07 April 2014
The Federal Court has dismissed an application to hear a case concerning the Perth Hills bushfire of February 2011, ruling it does not have jurisdiction…