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…
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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…
BOM predicts ‘typical’ cyclone season
14 October 2013
Australia is set for a “near-average” cyclone season this year, according to the Bureau of Meteorology’s annual forecast…
Chief Justice raises uncertainty over D&O cover
07 October 2013
NSW Chief Justice Tom Bathurst has called for further discussion on the operation of directors’ and officers’ insurance…
Lloyd’s syndicates dragged into action against advisers
07 October 2013
The Federal Court has ordered several Lloyd’s syndicates to be joined to a case that will test the cover provided by professional indemnity policies…
Australia among most exposed to global warming
07 October 2013
Australia is now among the top five G20 nations most exposed to climate change, according to a new report from HSBC…
Broker considers legal action after grand final incident
07 October 2013
Broker Ian Goninon has yet to decide whether to proceed with legal action against Tasmanian Deputy Premier Bryan Green following an incident at the AFL grand final in Melbourne in which he suffered…
One in four lacks natural catastrophe cover
07 October 2013
Almost a quarter of Australians say they have no insurance for natural catastrophe damage, while another 13.1% are unsure if they have cover, according to a survey by Swiss Re…
Vero to study work-related traffic injuries
07 October 2013
Vero and the Monash University Accident Research Centre will investigate how workplace practices and cultures affect work-related traffic injuries…
NZ court dismisses Hanover appeal
07 October 2013
Hanover Group Holdings has lost a Court of Appeal case against AIG NZ over directors’ and officers’ cover for prospectus information…
In Insurance News (the magazine) this month
07 October 2013
QBE CEO John Neal has spoken exclusively to Insurance News about his drive to turn the global insurer’s fortunes around…