FOS finds flood disputes drying up
28 October 2013
Disputes over flood claims handled by the Financial Ombudsman Service in 2012/13 have fallen, thanks to the industry adopting universal flood cover…
Local
NSW bushfire claims hit $145 million
28 October 2013
Loss estimates from the NSW bushfires have risen to $145 million, according to Insurance Council of Australia figures…
Call to reward strata owners for risk management
28 October 2013
North Queensland strata owners who commission property inspections every seven to 10 years should earn lower premiums for reducing cyclone risk, a report from James Cook University says…
Zurich calls for focus on supply chain risks
28 October 2013
Supply chain disruption is a significant issue that should not be underestimated, according to Zurich…
Victoria seeks broker for conveyancers’ PI
28 October 2013
Consumer Affairs Victoria is seeking a broker to manage the state’s professional indemnity scheme for licensed conveyancers…
EQC ‘on target’ to meet small claims deadline
28 October 2013
New Zealand’s Earthquake Commission is racing against time to process thousands of claims…
Car owners in the dark on theft risks
28 October 2013
Public perceptions about the most likely locations for car theft are out of step with reality, according to the National Motor Vehicle Theft Reduction Council…
Leaked report reveals threat from rising seas
21 October 2013
More than $226 billion of Australian assets, including 274,000 homes, would be threatened by a sea level rise of 1.1 metres, according to a leaked report on climate change…
NSW bushfire claims hit $93 million
21 October 2013
The NSW bushfires have so far led to 855 claims totalling $93 million, according to the Insurance Council of Australia…
Competition dampens commercial rates: Aon
21 October 2013
Increased competition has kept pressure on commercial premiums and provided a favourable environment for insurance buyers this year, according to an Aon Australia report…
Home and contents premium rises ease
21 October 2013
Spiralling home and contents premiums have slowed amid a drop-off in natural catastrophes, according to research group Canstar…
Steadfast chief warns of conflict between codes
21 October 2013
Steadfast MD Robert Kelly has called for alignment between the insurance brokers’ and general insurers’ codes of practice…
Final Bridgecorp decision expected next year
21 October 2013
The New Zealand Supreme Court last week finished hearing the Bridgecorp case on directors’ and officers’ cover…
Ignore personal lines and lose SMEs, brokers warned
21 October 2013
Brokers can compete with online sellers in personal lines and should see these products as an opportunity to build their relationship with business customers, according to a leading broker…
NZ storm damage to be highest in a decade
21 October 2013
Insured damage from storms in New Zealand is forecast to hit a 10-year high of more than $NZ100 million ($88 million) this year…
Aon challenges insurers to innovate
14 October 2013
The influx of capital to the insurance market is enabling insurers to keep rates down, but they could also be using the extra capacity to develop new covers, a senior Aon manager says…
Australia’s insurance sector low-risk, S&P says
14 October 2013
Standard & Poor’s has rated Australia’s general insurance industry “low-risk”…
Suncorp backs switch to no-fault CTP
14 October 2013
The forthcoming National Injury Insurance Scheme provides a “rare window of opportunity” to reform personal injury cover, according to Suncorp EGM Statutory Portfolio Chris McHugh…
Final appeal on Bridgecorp to begin
14 October 2013
The Bridgecorp case will near the end of the line on Thursday, as New Zealand’s highest court hears arguments on access to directors’ and officers’ policy proceeds…
Car thefts dip, revised figures show
14 October 2013
The number of passenger and light commercial vehicle thefts dropped 7% to 45,764 last financial year, according to revised data…