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Tide turning on direct insurance

03 March 2014

Many small business owners who buy cover online will consider using a broker, this year’s Vero SME Insurance Index has found…

GI underwriting earnings rise

03 March 2014

General insurance underwriting earnings grew last year as increased premium revenue more than offset claims, according to the Australian Prudential Regulation Authority…

Vehicle theft falls further

03 March 2014

The steep decline in vehicle thefts continued last year, with 14% fewer passenger cars stolen and 10% fewer light commercial vehicles taken…

Canterbury claim settlements ‘on schedule’

03 March 2014

More than 40% of over-cap residential claims arising from the Canterbury earthquakes have been completed or fully settled, the Insurance Council of New Zealand says…

NZ building code case heads to Supreme Court

03 March 2014

Insurers’ victory against Christchurch City Council over the imposition of stricter building-strengthening rules is to be tested in New Zealand’s highest court…

ICA commissions strata inspection scheme

24 February 2014

The Insurance Council of Australia has tasked James Cook University with designing an engineering inspection scheme for strata title properties in north Queensland…

Defence insurer takes Roy Morgan award

24 February 2014

Defence Service Homes Insurance was named general insurer of the year at the Roy Morgan Research Customer Satisfaction Awards in Melbourne last week…

Competition drives 10% premium cut: Marsh

17 February 2014

Premium rates for Australian corporate buyers fell by an average of 10% in the fourth quarter of last year as new capital flowing into reinsurance markets fuelled competition, according to Marsh…

Forecasters predict return of El Nino

17 February 2014

A new report claims there is a 75% chance of El Nino conditions late this year, with experts warning of an increased fire risk for Australia…

Canterbury quake payouts pass $NZ10 billion

17 February 2014

Insurers have paid more than $NZ10 billion ($9.29 billion) on claims arising from the 2011 Canterbury earthquakes, the Insurance Council of New Zealand says…

In Insurance News (the magazine) this month

17 February 2014

Why did IAG outbid the local market to win Wesfarmers’ underwriting operations? You’ll find all the answers in the latest edition of Insurance News (the magazine)…

ICA releases revised code

10 February 2014

The Insurance Council of Australia has approved a revised General Insurance Code of Practice that will take full effect by July next year…