11 February 2013
The development of a new draft guideline outlining how insurers should deal with hardship cases is imminent, according to the independent reviewer of the General Insurance Code of Practice…
11 February 2013
Rate increases in Australia will be kept to a minimum this year because of heightened competition, according to a report from the Pacific division of global broker Marsh…
11 February 2013
The Insurance Council of New Zealand has successfully challenged Christchurch City Council’s bid to make building owners strengthen existing properties to 67% of new building standards, up from the current 34%…
11 February 2013
An increase in frequency and intensity of extreme weather events is not the main driver of increasing losses, according to the Insurance Council of Australia…
11 February 2013
The New Zealand Fire Service Commission has lodged an appeal against a High Court decision in favour of the Insurance Brokers Association of New Zealand and Vero over composite and split-tier insurance…
11 February 2013
Consumer group Choice says insurance premiums have spiked but companies are failing to explain the reasons behind their pricing decisions…
11 February 2013
The Insurance Council of New Zealand has called for a register of homes that insurers have written off after the Canterbury earthquakes…
04 February 2013
The insurance industry expects rate increases across all lines this year, according to the latest JP Morgan/Taylor Fry General Insurance Barometer…
04 February 2013
The mounting cost of the second major flood to hit Queensland in as many years has turned attention towards mitigation measures recommended but yet to be implemented, and the cost and availability of insurance…
04 February 2013
General insurers made a combined after-tax profit of $3.38 billion in the year to June 30 last year, according to the Australian Prudential Regulation Authority…
04 February 2013
A Government-backed flood insurance scheme for householders in high-risk areas is again being raised following the latest Queensland and northern NSW floods…
04 February 2013
Devastating bushfires across Tasmania, Victoria and parts of NSW are expected to cost insurers nearly $100 million…
04 February 2013
The Financial Ombudsman Service settled 40% of matters in favour of consumers in determinations on disputes from the 2011 Queensland floods…
04 February 2013
Insurers and consumer groups are at odds over claims and dispute-handling standards in their submissions to the review of the General Insurance Code of Practice…
04 February 2013
Ace Insurance may face more claims from former agents over holiday and long-service leave after losing a Federal Court appeal…
04 February 2013
Australian courts are expected to follow the New Zealand Court of Appeal’s decision to quash the Bridgecorp decision on directors’ and officers’ cover, which forced insurers to redesign policies…
04 February 2013
Victoria’s new Fire Services Levy Monitor is already investigating more than 100 complaints from householders and business owners, and he is writing to insurers requiring them to detail how they will…
04 February 2013
Settlement terms for a class action following the 2009 Black Saturday bushfires at Pomborneit in western Victoria have been approved by Justice David Beach in the state’s Supreme Court, paving the way…
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…
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…