FSL introduction may be delayed
28 May 2012
Insurers and brokers are speculating that the Victorian Government may extend the fire services levy cut-off date past July 1 next year…
Local
IAG sets new risk priorities following summit
28 May 2012
IAG has begun a new three to five-year program aimed at reducing some of the key risks faced by communities across Australia…
Australian businesses keen to understand risk maturity
28 May 2012
Aon says it is “impressed” with the number of Australian companies wanting to have their risk maturity assessed as part of the company’s global risk maturity index project…
Suncorp hits back at insurance ‘myths’
28 May 2012
Suncorp Commercial Insurance CEO Anthony Day has attacked three commonly believed public attitudes that he says are damaging the insurance industry’s reputation…
ICA snipes at unions’ WorkCover ads
28 May 2012
A UnionsNSW advertising campaign misleads the public about insurers’ role in the NSW WorkCover scheme, according to the Insurance Council of Australia…
NSW reviews vehicle repairs
28 May 2012
Motor insurers are examining plans to consolidate two NSW laws that regulate the sale and repair of vehicles in the state…
Suncorp provides model for national injury schemes
28 May 2012
Suncorp says the way it manages personal injury claims could provide valuable lessons for the Federal Government’s new disability care and traumatic injury insurance schemes…
Insurers rated by NZ crash repairers
28 May 2012
Insurer Medical Assurance has ranked best for the second consecutive year in the New Zealand Collision Repair Association’s annual survey…
Massive tax black hole looms after Victoria bungles FSL transition
21 May 2012
Concern is growing among insurers that they may be left to fund a massive shortfall in the Victorian fire services levy in 2012/13 after the State Government failed to ensure a smooth transition…
Insurance industry ‘must lead, not be a victim’
21 May 2012
The insurance industry needs to get on the front foot and lead debate rather than behave like a victim, according to Suncorp Commercial EGM Distribution Andrew Mair…
Rate increases hit WA households after floods
21 May 2012
The consumer backlash to compulsory flood cover has spread to WA, where some residents face substantial premium increases from insurers that have expanded flood cover…
Suncorp chief hits ‘squandering’ Budget
21 May 2012
The Federal Government Budget has risked “squandering a once in a generation opportunity” to promote savings and long-term investment for the future of Australia’s economy, Suncorp CEO Patrick Snowball…
EQC topping up reinsurance
21 May 2012
New Zealand’s Earthquake Commission is increasing its reinsurance cover to $NZ5 billion ($3.9 billion), according to UK reports…
Bushfire class action settled for $32.85 million
21 May 2012
A class action over a 2009 bushfire in the Victorian town of Beechworth has been settled for $32.85 million, and those who suffered a loss have until June 30 to register a claim…
Car thefts up for first time in 10 years
21 May 2012
Motor vehicle thefts have risen for the first time in a decade. Some 57,540 vehicles were stolen last year – a 2% increase on the year before, according to the National Motor Vehicle Theft Reduction Council…
ICA criticises flood mitigation funding
14 May 2012
The Federal Budget has left flood-prone communities exposed by not providing enough for mitigation infrastructure in last week’s Budget, the Insurance Council of Australia says…
Bridgecorp appeal back to New Zealand
14 May 2012
It’s back to New Zealand for an appeal against the Bridgecorp directors’ and officers’ decision after the Centro shareholder class action was settled last week without resolving the question of D&O…
NZ home insurance premiums climb 40%
14 May 2012
The cost of insuring a home in New Zealand has increased by 40% this year and contents cover has risen more than 10%, according to Statistics New Zealand…
Super fund seeds local catastrophe bond fund
14 May 2012
An Australian catastrophe insurance-linked securities fund has attracted an initial $30 million investment from NGS Super…
Rural businesses benefit from brokers’ advice: survey
14 May 2012
Rural businesses that use a broker will gain much better cover, yet often believe they are too small or can’t afford to use a broker…