24 September 2012
Insurers, the European Space Agency and a Zurich-based data company have joined forces to produce satellite flood maps that could be used to better understand Australia’s flood risks…
17 September 2012
Australian insurers are recording strong premium growth after years of catastrophe losses, according to Aon Benfield…
17 September 2012
The Insurance Brokers Association of New Zealand has taken the country’s fire service to the High Court for clarification on how insurance contracts can be arranged…
17 September 2012
Flood mitigation is a long-term project and it will take time to get the message out, according to Actuaries Institute CEO Melinda Howes…
17 September 2012
The public and private health sectors handled 2800 new medical indemnity claims in 2010/11, about the same level as the previous year…
17 September 2012
The New Zealand Government has offered to buy out owners of uninsured homes and commercial property in the Christchurch flatland residential red zone, where land is considered damaged beyond repair…
17 September 2012
The number of motor vehicle thefts in Australia increased in the last financial year…
10 September 2012
Brokers are placing more business offshore, according to Australian Prudential Regulation Authority figures…
10 September 2012
The Financial Ombudsman Service’s ruling that RACQ Insurance must pay out to a Queensland couple whose house was ruined by the floods of January last year does not set a legal precedent…
10 September 2012
Natural hazards researcher Risk Frontiers says the $12 million given by the Government to Geoscience Australia to gather flood risk information is “completely incomprehensible”…
10 September 2012
The owner of a ferry that sank killing up to 161 people deliberately misled his insurers for many years, a royal commission into the tragedy has found…
10 September 2012
The sentencing of Rural & General founder and MD Charles Pratten has been delayed for the second time…
10 September 2012
A focus on professional indemnity and directors’ and officers’ liability exposures is crucial in the uncertain financial climate, according to Berkley Re Australia CEO Peter Nickerson…
10 September 2012
Liability rates in New Zealand hardened in the first half of this year, but predicting future movements has become increasingly difficult, leading broker Marsh says…
10 September 2012
Australian insurers are earning inadequate returns from professional indemnity and directors’ and officers’ cover, according to Tim Andrews, a principal with actuarial and insurance consultant Finity…
10 September 2012
The New Zealand Court of Appeal has reserved its decision in the Bridgecorp case concerning access to funds under directors’ and officers’ cover…
10 September 2012
Structural design decisions were the primary cause of the CTV building’s collapse in last year’s February 22 Christchurch earthquake, according to counsel assisting the Earthquakes Royal Commission…
10 September 2012
The New Zealand Government and Christchurch City Council have released a five-year schedule to rebuild the city’s earthquake-damage roads and underground services…
03 September 2012
Gross incurred claims on Australian general insurers fell 22% to $27.9 billion in the year to June as the industry rebounded from last year’s natural disasters…
03 September 2012
The Victorian Government last week officially abolished the fire services levy (FSL) on insurance and appointed a monitor to ensure the industry passes on the savings…