In Insurance News (the magazine) this month
12 August 2013
The insurance centre of London is our focus in the latest edition of Insurance News (the magazine), due to hit subscribers’ mailboxes this week…
Local
Don’t lose focus on code recommendations, says advocate
05 August 2013
Recommended changes to the General Insurance Code of Practice should not be overshadowed by a debate on an independent governance framework, a leading consumer advocate warned today…
Insurers embrace conciliation
05 August 2013
The insurance industry is increasingly using conciliation to settle complaints to the Financial Ombudsman Service…
Bushfire complacency ‘must be tackled’
05 August 2013
Projects to improve bushfire awareness and safety remain unfinished as the Victorian community returns to complacency, according to the Bushfires Royal Commission Implementation Monitor Neil Comrie…
EQC prepares to count cost of Wellington quakes
05 August 2013
Assessment of damage from the Cook Strait earthquakes will begin in two weeks, according to New Zealand’s Earthquake Commission…
Dishonest conduct scuppers NZ broker’s PI claim
05 August 2013
IAG will not have to pay an insurance broker’s professional indemnity claim after the New Zealand Court of Appeal ruled the policy does not cover dishonest conduct…
Court tells Allianz to pay in flood dispute
29 July 2013
Allianz has been ordered to pay a disputed claim from a business that was hit by the 2011 Queensland floods, in a decision that could have consequences for other insurers…
General insurance disputes down, says FOS
29 July 2013
The Financial Ombudsman Service received fewer general insurance disputes in the June quarter, with all cases down 8% on the corresponding period last year…
Tailor products to low-income earners, insurers urged
29 July 2013
Insurance for people on low incomes must be better targeted to their needs, according to a report released today by community group Good Shepherd Microfinance…
EQC receives 2000 claims after Wellington quake
29 July 2013
New Zealand’s Earthquake Commission has received 2101 claims arising from the series of quakes that shook Wellington a week ago…
Privacy amendment may spark rush for cyber cover
29 July 2013
A proposed change to the Privacy Act will force businesses to notify affected clients and relevant regulators if personal information is leaked – thus raising the risks posed by cyber attacks and accidental breaches…
Queensland floods prompt fewer disputes
29 July 2013
The Financial Ombudsman Service has received just 17 disputes after this year’s Queensland floods, compared with 1419 after the 2010/11 event…
Brokers, actuaries condemn self-education cap
29 July 2013
Plans for a $2000 cap on self-education tax deductions are a backward step that undermines Australia’s ambition to have a highly trained workforce, brokers and actuaries warn…
Fight against car theft to focus on parts trade
29 July 2013
Preventing vehicle thefts that meet the rising demand for parts and scrap metal is a key aim of the National Motor Vehicle Theft Reduction Council’s 2013-2016 strategic plan…
NZ awaits damage reports from Wellington quake
22 July 2013
The full cost of a 6.5-magnitude earthquake that shook Wellington yesterday may not be known for weeks, according to the Insurance Council of New Zealand…
State’s fire services charge will ‘kick businesses’
22 July 2013
Victoria’s new method of funding its fire services could hit businesses, the Australian Property Institute has warned…
ICA calls on councils to provide latest flood data
22 July 2013
The Insurance Council of Australia has urged local governments to submit flood data and mapping to an industry database, to ensure premiums accurately reflect risk…
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…
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…