Image, the economy and regulation worry corporations
11 June 2013
The state of the economy has become a top concern for senior executives in Australia and New Zealand while the cost of business interruption is also an increasing worry…
Local
Australian clients to benefit from sidecar at Lloyd’s: Aon
11 June 2013
A new capacity deal being provided on the Lloyd’s market by US insurance giant Berkshire Hathaway has already been accessed by Aon Australia…
Queensland earmarks $9 billion for disaster rebuild
11 June 2013
Queensland has allocated $9.3 billion for disaster recovery as it rebuilds following widespread flooding…
Researchers promise smarter disaster management platform
11 June 2013
Australian IT experts are developing a disaster management platform that will help companies and agencies improve mitigation and responses…
SA insurance revenues to grow as CTP proceeds fall
11 June 2013
SA’s insurance revenues will grow 7.4% in the next financial year as rising domestic and commercial premiums offset a drop in compulsory third-party proceeds, according to state budget forecasts…
Home and contents cover a luxury, say Kiwis
11 June 2013
One-third of New Zealanders think home and contents insurance is a luxury, according to a study by research group Canstar…
Insurers urged to follow banks on hardship measures
11 June 2013
The banking industry’s new financial hardship package should prompt insurers “to look at their practices and see that they’re keeping up”, according to a consumer advocacy group…
Steadfast outlines plans to consolidate brokers
03 June 2013
Steadfast has detailed its plans to establish “hub brokers” to enable consolidation of small and medium-sized brokers into larger, well-established firms…
Claims data reflects drop in catastrophe costs
03 June 2013
Insurers’ gross incurred claims fell 15% in the year to March 31 following fewer natural disasters, according to Australian Prudential Regulation Authority industry data…
ALRC sets out plan to break down age barriers
03 June 2013
The Australian Law Reform Commission has identified insurance availability as a major barrier to older people’s ability to work…
Christchurch payouts progress as tremors continue
03 June 2013
Insurers are paying $NZ3 million ($2.5 million) a day in residential claims settlements from the Canterbury earthquakes, according to the Insurance Council of New Zealand…
EQC silent on flat reinsurance report
03 June 2013
The New Zealand Earthquake Commission has declined to confirm a UK insurance media report that it will avoid a rate increase when it renews its reinsurance treaty this year…
In Insurance News (the magazine) this month
03 June 2013
The wide world of insurance is well illustrated in the latest edition of Insurance News (the magazine), while will be posted out to subscribers this week…
FSL monitor calls public hearing and issues first report
27 May 2013
Victorian Fire Services Levy Monitor Allan Fels has asked Allianz, CGU, RACV, QBE and Suncorp to attend a public hearing to discuss removal of the charge from insurance premiums…
ICA to hold insurance ‘literacy’ drive
27 May 2013
The Insurance Council of Australia is to launch a campaign to teach consumers about insurance and its benefits…
Car cover premiums soar
27 May 2013
Average car insurance premiums have risen at more than three times the rate of inflation in the past year, according to Canstar’s annual survey…
ICA considers code review recommendations
27 May 2013
The Insurance Council of Australia board is considering the recommended changes to the General Insurance Code of Practice…
NZ court grants stay in Civic reinsurance case
27 May 2013
The New Zealand High Court has allowed German reinsurer R+V a stay of legal proceedings in a dispute with local government insurer Civic…
Insurers face ‘growing challenge’ on enterprise risk management
27 May 2013
Enterprise risk management is still evolving and poses a strategic challenge to insurers, according to Milliman Australia Principal Josh Corrigan…
Correction
27 May 2013
In last week’s edition of insuranceNEWS.com.au we reported that New Zealand insurers have provided $NZ325,000 ($271,000) to support the work of the Canterbury Insurance Advocacy Service…