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PL and PI claims, premiums remain static

08 April 2013

About 2.38 million product liability risks were underwritten in 2011, compared with 2.43 million in 2010 and 2.36 million in 2009, according to the National Claims and Policies Database administered by the…

Summer catastrophes top $1 billion

08 April 2013

Claims from last summer’s catastrophes have reached $1.15 billion, according to figures from the Insurance Council of Australia…

Insurers back Government flood decisions

25 March 2013

Insurers have largely welcomed the Federal Government’s decisions to rule out premium subsidies for policyholders in high-risk flood zones and to not make it compulsory for all household policies to offer…

Embrace Asia’s ambiguity, says regional expert

25 March 2013

Australian insurance companies wanting to do business in Asia must understand the difficulties in growing rapidly in the region, according to former QBE CEO Asia-Pacific Mike Goodwin…

Boarding house judgement to cost EQC $NZ10 million

25 March 2013

New Zealand’s Earthquake Commission will not appeal against a High Court decision that its cover applies to boarding houses – a ruling that will cost the state-owned insurer about $NZ10 million ($7.95 million)…

NZ insurers collaborate to beat earthquake fraud

25 March 2013

New Zealand insurers, police, the Serious Fraud Office and earthquake recovery agencies have established the Christchurch Fraud Prevention Working Group to combat scams resulting from the Canterbury…

FOS appoints four new ombudsmen

18 March 2013

The Financial Ombudsman Service has appointed four new ombudsmen, including one who will focus on general insurance matters and another who will concentrate on life insurance…

Prepare for tech changes: Allianz

18 March 2013

Technological advances in the insurance industry are likely to happen faster than expected, according to Allianz Australia CIO Steve Coles…