EQC land assessments under way
18 March 2013
New Zealand’s Earthquake Commission has begun assessing flat land damage claims from the Canterbury earthquakes…
Local
Study finds Queensland homes underinsured
18 March 2013
Many Queensland homes have too little or no cover, according to new research by RACQ Insurance…
Intermediaries place more business abroad
11 March 2013
Insurance brokers and other intermediaries placed $9.27 billion of business with insurers in the six months to December 31, up 4% on the previous corresponding period, while foreign insurers and Lloyd’s…
‘Angry summer’ made worse by climate change: report
11 March 2013
Australia’s scorching summer has broken 123 weather-related records, according to a Climate Commission report that links the extreme conditions to climate change…
FSL Monitor sends ‘please explain’ to 82 insurers
11 March 2013
Victoria’s Fire Services Levy Monitor Allan Fels has issued notices to 82 insurers formally requesting information about how they set the levy in the lead-up to its abolition on June 30…
Queensland shuns call for compulsory flood cover
11 March 2013
The Queensland Government has confirmed it has no immediate plans to examine a compulsory flood cover scheme…
Cyber risks awareness too low, says Allianz
11 March 2013
Awareness of cyber risks posed by criminals or internal IT negligence is alarmingly low among Australian businesses, according to new research by Allianz…
Truck maintenance a concern: NTI
11 March 2013
Heavy vehicle owners may be neglecting truck maintenance, according to National Transport Insurance…
NZ opposition wants an insurance commissioner
11 March 2013
The New Zealand Opposition has called for the establishment of an independent insurance commissioner to put in place a dispute resolution mechanism for Canterbury residents…
Vehicle thefts continue to rise
11 March 2013
The total number of vehicle thefts rose by 10% in the December 2012 quarter, the latest figures from the National Motor Vehicle Theft Reduction Council show…
Government opts for mitigation
04 March 2013
The Federal Government appears to have closed the door on the idea of discounted insurance premiums for policyholders in high-risk flood zones, instead opting to tackle the flood affordability issue…
Brokers ‘can influence emergence’ of commercial comparators
04 March 2013
Comparator models for commercial lines pose a risk to the intrinsic value brokers give clients, according to QBE GM Australian Intermediaries Shaun Standfield…
New evidence emerges over Black Saturday bushfire
04 March 2013
Questions have been raised about the cause of the Kilmore East bushfire on the eve of a $1 billion class action…
Industry’s combined ratio returns to the black
04 March 2013
The insurance industry reported a net combined ratio of 90% last year, and its total profit rose 81% to $5.45 billion as insurers recovered from 2011’s natural disasters…
Summer catastrophes approach $1 billion mark
04 March 2013
Total insured losses from this summer’s catastrophes have risen to $942.1 million, according to the Insurance Council of Australia…
Customers should consider changing insurer: FSL Monitor
04 March 2013
Consumers who fear high charges in the final months of Victoria’s fire services levy should compare insurers’ quotes and consider switching, the state’s FSL Monitor says…
NZ disaster insurance ‘needs clarity, consistency’
04 March 2013
New Zealand’s natural disaster insurance model is flawed because it requires the Government and insurers to continually fund and resource operations designed for rare events, according to Vero NZ CEO Gary Dransfield…
Sports drugs inquiry raises risk management concerns
04 March 2013
Sporting code executives are reviewing their risk management procedures after the Australian Crime Commission revealed illicit drug-taking is widespread in some professional competitions…
NZ rate rises begin to ease
04 March 2013
New Zealand rates are starting to stabilise and large clients with good risk profiles are seeing premium reductions…
Farmers must carry acid risk
04 March 2013
Farmers and oyster growers who suffer damage from acidic water that has flowed from flooded swamps into the Manning River in northern NSW are unlikely to receive insurance payouts…