Shop around, Choice says
04 March 2013
Motorists are lazy and tend not to shop around for the cheapest car insurance, according to consumer group Choice…
Local
NSW vows to act on Australia’s biggest flood risk
25 February 2013
Flood mitigation for the at-risk Hawkesbury-Nepean region of western Sydney is finally at the top of the political agenda, with the NSW Government and the Federal Opposition vowing to take action…
Experts advise insured Bundaberg flood victims
25 February 2013
Insurers “appear slower to respond” to claims from the Bundaberg floods than they were after the Brisbane catastrophe of 2011, according to Legal Aid Queensland civil justice lawyer Paul Holmes…
Suncorp and IAG earn analysts’ nod
25 February 2013
Analysts poring over profit announcements from Australia’s two leading local insurers have found cause for optimism, with most displaying new enthusiasm for Suncorp…
Small business premium funding decision delayed
25 February 2013
Premium funders and the National Insurance Brokers Association will continue to resist moves to extend consumer credit laws to small business, after the Federal Government deferred its decision on the matter…
Insurers’ quake payouts top $NZ6.7 billion
25 February 2013
Insurers have paid more than $NZ6.7 billion ($5.4 billion) on Canterbury earthquake claims, with the task of apportioning damage between the Earthquake Commission (EQC) and private insurers due to be…
Brands matter less with online travel cover
25 February 2013
An easily navigable website showing clear terms and conditions is the key to selling travel insurance, according to research by Global Reviews…
Quake commission must cover boarding houses
25 February 2013
Boarding houses are residential buildings and should be covered by the state-owned Earthquake Commission, New Zealand’s High Court has ruled…
NZ marine losses top $115m over six years
25 February 2013
New Zealand marine insurers paid $NZ140.57 million ($115.1 million) on major claims from 2005 to 2011, including $NZ17.7 million ($14.5 million) for cargo losses from the September 2010 Christchurch…
In Insurance News (the magazine) this month
25 February 2013
The Insurance Council of Australia has refocused since the disastrous days of the Brisbane floods, according to new President Mark Milliner…
Code overhaul to move compliance committee ‘front and centre’
18 February 2013
The review of the General Insurance Code of Practice could result in an enhanced role for the Code Compliance Committee, independent reviewer Ian Enright has revealed…
All eyes on Great Southern D&O case as Bridgecorp seeks to appeal
18 February 2013
Entitlement to directors’ and officers’ liability policy proceeds will next be tested in the Great Southern action in the NSW Court of Appeal, with the Bridgecorp case in New Zealand now headed…
Catastrophe claims figures revised
18 February 2013
The Insurance Council of Australia has revised its claims figures on flood and storm damage in Queensland and NSW, and the Tasmanian bushfire…
Most Christchurch red zone offers accepted
18 February 2013
About 6500 property-owners have accepted the New Zealand Government’s buyout offer, out of 7207 offers…
Clients seek to switch insurers and cut policies in final days of Vic FSL
18 February 2013
Victorian brokers are encountering angry clients as the state’s fire services levy on insurance phases out…
NZ to top up ex-AMI quake fund
18 February 2013
The New Zealand Government could be up for another $NZ400 million ($328.44 million) to settle Canterbury earthquake claims it inherited when it took on the earthquake business of AMI in 2011…
Trucks getting safer, but premiums rising
18 February 2013
Australia’s roads are getting safer, with heavy vehicle crashes falling 13% in the past five years, but premiums for truck-owners are forecast to continue rising as the average claims cost increases…
Great Southern D&O test case delayed till March
11 February 2013
The Great Southern legal action that will determine whether directors’ and officers’ liability insurance can be used to fund the defence of company officers and directors has been postponed till March…
Bridgecorp appeal set to be lodged
11 February 2013
An appeal against the New Zealand High Court’s decision in the Bridgecorp directors’ and officers’ case is expected to be lodged today or tomorrow…
Insurers name dates for dropping Victorian FSL
11 February 2013
Insurers are beginning to remove the Victorian fire services levy entirely, a year after the outcry when charges of up to 95% were applied to commercial policies…