NZ homeowners warned against unqualified valuers
22 July 2013
New Zealanders risk having their homes valued by unqualified surveyors as new companies take advantage of changes to insurance policies…
Local
Pike River insurance won’t cover victims’ payouts
22 July 2013
Most of the insurance payable to Pike River Coal, whose mine on New Zealand’s West Coast collapsed in an explosion, has gone on legal fees – leaving only a few thousand dollars for each of the 29 victims’ families…
Court upholds directors’ access to D&O proceeds
15 July 2013
The NSW Court of Appeal has handed down Australia’s first major decision on access to directors’ and officers’ cover, ruling insurers can pay defence costs under D&O policies before any third-party claim on…
Price of materials rated region’s greatest risk
15 July 2013
The price of raw materials is now the leading threat to businesses in the Asia-Pacific region, according to this year’s Lloyd’s Risk Index…
Disaster resilience campaign picks up pace
15 July 2013
A business campaign to increase Australia’s disaster resilience is moving into its next phase, with meetings to highlight mitigation case studies and discuss further action…
Get to know your broker, Aon says
15 July 2013
Businesses must have better conversations with their insurance brokers or risk being left exposed, according to Aon…
NSW community questions 400% premium rises
15 July 2013
Narrabri Shire in NSW has protested to the Insurance Council of Australia after home premiums in the town of Wee Waa increased by up to 400%, despite it having a levee that has prevented flooding for three…
Property reinsurance demand still strong
08 July 2013
Demand for Australian property reinsurance continues to grow, with significant capacity remaining in the market, according to a report by Willis Re…
Researchers urge mitigation in face of climate change
08 July 2013
Reducing disaster risk should be part of any climate change adaptation policy, a new report says…
Canberra closes insurance loophole on MPs
08 July 2013
Federal politicians will have public liability, management liability and travel cover under new policies placed by the Commonwealth’s insurance broker Gallagher Australia…
ICA revises down catastrophe figures
08 July 2013
The insurance cost of recent natural disasters has fallen, according to adjusted figures from the Insurance Council of Australia…
Riskpool pulls Christchurch cover
08 July 2013
New Zealand mutual liability trust fund Riskpool has withdrawn its professional indemnity and public liability insurance for possible claims related to Christchurch building consents…
Vehicle thefts decline in first quarter
08 July 2013
Short-term motor vehicle thefts fell 9% in the three months to March 31 compared with the December quarter, according to national figures…
Half of NZ public assets lack cover
08 July 2013
More than half of New Zealand’s public assets are uninsured, according to a survey by the country’s Auditor-General…
ICNZ opens insurance fraud hotline
08 July 2013
The Insurance Council of New Zealand has launched a fraud hotline to fight rorts that cost local policyholders more than $NZ150 million ($128 million) a year…
Correction
08 July 2013
In an article last week (PL business declines, as PI continues to grow, insuranceNEWS.com.au, July 1), we failed to credit the information to the Australian Prudential Regulation Authority’s National Claims…
Direct threat and technical knowledge top broker concerns
01 July 2013
Competition from direct insurers and the need to maintain technical knowledge are brokers’ main concerns, according to a survey for the LMI Group…
S&P affirms Asia-Pacific insurer ratings
01 July 2013
Standard & Poor’s has issued revised ratings using new criteria for 25 non-life insurance companies in the Asia-Pacific region…
Medical indemnity claims continue to increase
01 July 2013
The number of private and public sector medical indemnity claims is rising, but there is “no need for alarm bells yet”, the Australian Institute of Health and Welfare says…
Insurance groups back UN principles
01 July 2013
A year after its launch, the Principles for Sustainable Insurance initiative has become the largest collaboration between the United Nations and the global insurance industry…