Insurers assess bushfire impact
10 February 2014
Insurance companies are monitoring the impact of dozens of bushfires that swept across Victoria at the weekend, according to the Insurance Council of Australia…
Local
Oasis model debuts with Australian floods
10 February 2014
Australian floods feature in a new catastrophe modelling tool that uses open-source software to cut costs and improve data access…
NZ leads way in liquefaction studies
10 February 2014
Three years after the Canterbury earthquakes New Zealand leads the world in research on land damage from liquefaction, a Risk Management Solutions seminar has heard…
Moody’s predicts steady year for LMI groups
10 February 2014
Moody’s Investors Service expects to maintain the ratings of insurers offering lenders’ mortgage insurance over the next year…
Cyclone station boosts data collection
10 February 2014
A cyclone testing station in Townsville has improved its monitoring and study capacity by adding portable meters, a Risk Management Solutions catastrophe modelling seminar has heard…
Flood, fire and cyclone maps feature on ICA database
03 February 2014
Insurers will soon gain access to a national database mapping a wide range of natural disaster risks…
Great Southern heads to High Court as Bridgecorp decision overturned
03 February 2014
Company directors, their insurers and brokers face further uncertainty about whether directors’ and officers’ policies provide guaranteed access to defence costs, with a crucial Australian case…
ICA monitors cyclone threat
03 February 2014
The Insurance Council of Australia is continuing to monitor cyclone activity after Ex-Cyclone Dylan hit Queensland on Friday…
Disputes to FOS continue to fall
03 February 2014
The number of disputes received by the Financial Ombudsman Service in the December quarter was down 3% on the corresponding period in 2012…
Companies retreating from digital world
03 February 2014
After 20 years of being urged to embrace the internet, many corporates have decided the risks of operating online are not worth the pain, according to Marsh…
Banks to remind homeowners on cover
03 February 2014
Banks will remind home loan customers of their property insurance obligations following changes to the industry’s code of practice this month…
ACT releases flood data
03 February 2014
The ACT Government has published long-awaited flood data showing one-in-100-year flood risks for the Molonglo River…
Car theft figures hit record low
03 February 2014
Short-term thefts of passenger and light commercial vehicles fell 2% to 7877 in the September quarter, taking the 12-month figure to a record low…
NZ records second-worst year for weather damage
03 February 2014
Weather-related damage led to more than $NZ174 million ($163.75 million) of insured losses last year, according to the Insurance Council of New Zealand…
Insurer to refund policyholders over fire levy
03 February 2014
Insurance Manufacturers of Australia, jointly owned by RACV and IAG, will refund $11 million to Victorian policyholders whose premiums increased after removal of the state’s fire services levy…
A NOTE FROM THE PUBLISHER
16 December 2013
This is the 45th and final Monday insuranceNEWS.com.au bulletin for 2013. We will return on February 3. During the period any news of significance to the industry…
Insurers record $5.72 billion profit
16 December 2013
General insurers made a combined net profit of $5.72 billion in the last financial year, according to the Australian Prudential Regulation Authority…
Revamped research centre promotes bushfire resilience
16 December 2013
The Federal Government’s Bushfire and Natural Hazards Co-operative Research Centre has been launched with a wider role than its predecessor and a renewed focus on community resilience…
Compliance committee prepares to oversee broker code
16 December 2013
Brokers are starting to receive copies of the revamped Insurance Brokers Code of Practice, which also outlines how the new Code Compliance Committee will work…
Emergency chief vows to engage with industry
16 December 2013
Queensland’s newly appointed Inspector General of Emergency Management says he will prioritise communication with the insurance industry…