Suncorp returns to Emerald
04 February 2013
Suncorp is reviewing risk pricing in Emerald and will offer cover there once again after the State Government pledged $5 million for flood mitigation work…
Local
Outlook stable for Australia and NZ: Fitch
04 February 2013
The Australian insurance sector should maintain a strong credit profile and earnings this year, despite pressure from falling interest rates, according to Fitch Ratings – which has given the sector a stable outlook…
Wivenhoe flood class action maps revealed
04 February 2013
A class action stemming from the Brisbane floods of January 2011 has moved a step closer, with law firm Maurice Blackburn releasing maps of areas it says were hit following negligent operation of the Wivenhoe…
March deadline for Black Saturday fire action
04 February 2013
Victims of the 2009 Black Saturday bushfires in the Kilmore East and Kinglake districts of Victoria have until March 22 to join a class action run by lawyers Maurice Blackburn…
NZ brokers win on composite and split-tier policies
04 February 2013
New Zealand’s High Court has supported brokers and Vero in their case against the New Zealand Fire Service over composite and split-tier insurance policies…
ICA supports Victorian taxi reform
04 February 2013
The Insurance Council of Australia says key reforms proposed in the Victorian Taxi Industry Inquiry will reduce cab drivers’ financial exposure and benefit other road users and their insurers…
ICNZ takes Christchurch council to court
04 February 2013
The Insurance Council of New Zealand has taken Christchurch City Council to the NZ High Court for a judicial review of the authority’s powers to increase regulations on strengthening buildings…
Quake commission sets year-end target for claims
04 February 2013
By the end of this year New Zealand insurers will have all Canterbury quake claims above the Earthquake Commission cap of $NZ100,000 ($80,000), according to CEO Ian Simpson…
IAG and Munich Re form resilience roundtable
04 February 2013
IAG and Munich Re have joined other Australian businesses in a group to examine the social and economic costs of natural disasters, and how they can be cut by making communities safer and more resilient…
Design faults found in doomed building
04 February 2013
The Canterbury Earthquakes Royal Commission has found design faults in the CTV building that collapsed in the February 22 2011 quake, causing 115 of the 185 deaths that day…
Challenger brands chip at insurer ‘duopoly’
10 December 2012
The emergence of “challenger” insurers in the motor sector will dent industry profitability and weaken the grip of IAG and Suncorp, according to a report by Bank of America Merrill Lynch…
Code reviewer signals comprehensive revamp
10 December 2012
The ongoing review of the General Insurance Code of Practice is more thorough than past overhauls so it can “crack… unresolved issues that have lingered for some time”, according to independent reviewer…
Price war marks final days of Victorian FSL
10 December 2012
A price war has broken out in the final months of the Victorian fire services levy, with insurers dropping their rates by different amounts and Vero ditching the FSL on country policies altogether…
NIBA rejects ‘name and shame’ approach to code compliance
10 December 2012
The National Insurance Brokers Association has rejected calls to name General Insurance Code of Practice participants under investigation for breaches or non-compliance…
Landlord insurance struggles for penetration
10 December 2012
Nearly a quarter of lessors have no landlord insurance, according to a survey by research group BDRC Jones Donald…
NZ proposes deadline on earthquake-prone buildings
10 December 2012
All earthquake-prone buildings should be strengthened or demolished within 15 years of assessment, the New Zealand Government says in an initial response to the Canterbury Earthquakes Royal Commission…
In Insurance News (the magazine) this month
10 December 2012
The December edition of Insurance News (the magazine) is hitting mailboxes this week with its popular mix of news backgrounders, interviews, technical articles and the always-popular PeopleNEWS section…
Accountants to sell general insurance
03 December 2012
New licensing legislation will allow accountants to sell general insurance products to super fund members…
Good times return for general insurers
03 December 2012
General insurers have enjoyed premium growth and a fall in claims in the September quarter, according to Australian Prudential Regulation Authority figures…
Bridgecorp appeal casts shadow over more court cases
03 December 2012
The appeal against the Bridgecorp decision in New Zealand continues to hang over other litigation, with a case involving QBE and Vero the latest to be caught up…