01 July 2013
The number of public liability (PL) risks written in Australia fell last year to 2.3 million from 2.4 million in 2011 – but the drop was countered by a rise in professional indemnity (PI) policies to 508,168 from 487,748…
01 July 2013
The average insurer covers less than 50% of its business customers’ needs, a new survey shows…
01 July 2013
The Find an Insurer online referral service has received more than 280,000 enquiries in its first year, according to the Insurance Council of Australia…
24 June 2013
The Victorian market is too competitive to allow premium rises that exploit the fire services levy’s removal, insurers told a public hearing last week…
24 June 2013
Insurance provided by the public sector does not reduce risk, a report on market-based mechanisms for climate change adaptation says…
24 June 2013
The annual cost of natural catastrophes in Australia will soar from $6.3 billion to $23 billion by 2050 because of population growth and increasingly extreme weather, a new report claims…
24 June 2013
A review of workers’ compensation in Victoria has recommended an increase in self-insurers’ contributions…
24 June 2013
Lehman Brothers’ US liquidator has blocked a scheme to settle claims against Lehman Brothers Australia in which a group of US professional indemnity insurers and QBE would have paid creditors…
24 June 2013
Insurance stamp duty revenues in NSW are expected to rise 4.47% next financial year to $888 million, according to state budget papers…
24 June 2013
Insurance claims in the tens of millions of dollars are expected after ferocious storms hit Wellington and parts of the South Island…
17 June 2013
Insurers and reinsurers made a combined profit of $4.21 billion last calendar year, according to company-level statistics from the Australian Prudential Regulation Authority…
17 June 2013
Local councils should help insurers pinpoint risks within their borders so premiums are priced accurately, a new report says…
17 June 2013
Work to improve the availability and understanding of flood cover appears to be paying off, with the Financial Ombudsman Service receiving few complaints after January’s floods in Queensland…
17 June 2013
All insurers invited to a public meeting to explain their removal of the Victorian fire services levy have now confirmed they will attend…
17 June 2013
The Australian Business Roundtable for Disaster Resilience and Safer Communities will this week release a white paper on natural disaster management…
17 June 2013
A former property manager for Bunnings New Zealand has been sentenced to five months’ home detention after receiving kickbacks from failed broker Herbert Insurance…
17 June 2013
The number of motor vehicle thefts increased 6% last year compared with 2011, according to the Australian Bureau of Statistics…
17 June 2013
The Bushfire Co-operative Research Centre is a step closer to developing a new national fire rating system, following the publication of three interim reports…
17 June 2013
The Australian and New Zealand Institute of Insurance and Finance has launched updated versions of its educational website and mobile application…
11 June 2013
Consumer groups fear recommendations arising from the year-long review of the General Insurance Code of Practice may be “buried”…