22 April 2013
A group of US professional indemnity insurers will pay $US45 million ($43.5 million) to reimburse councils and charities that bought complex debt instruments from Lehman Brothers Australia, under a proposal…
22 April 2013
Fraud relating to the Canterbury earthquakes could total $NZ2.25 billion ($1.84 billion) if events follow the same pattern as Hurricane Katrina in the US, a new report warns…
22 April 2013
New laws and regulations are heading our way, governing the way the industry works, how it provides insurance and ultimately how much it costs…
15 April 2013
The Queensland Government has written to the Insurance Council of Australia calling on insurers to cut premiums for householders who reduce flood risk…
15 April 2013
The NSW Court of Appeal has reserved its decision on access to directors’ and officers’ insurance when a third party seeks priority to the funds over directors and executives…
15 April 2013
Three “invisible forces” are changing the industry, Insurance Council of Australia President Mark Milliner says…
15 April 2013
Australia will be hit by more frequent and severe extreme weather as a result of climate change, according to the Climate Commission…
15 April 2013
The transport industry must tackle a “major spike” in large losses involving heavy goods vehicles, Lumley Insurance CEO John Nagle has warned…
15 April 2013
Housing New Zealand has settled the country’s largest single insurance claim – $NZ320 million ($261 million) for damage to public housing in the Canterbury earthquakes…
15 April 2013
Challenger brands are continuing to gain ground on IAG and Suncorp in the Australian motor insurance market, according to a new report from Merrill Lynch…
15 April 2013
The New Zealand High Court has ruled that red-zone designation in Christchurch does not in itself trigger an insurance claim…
08 April 2013
Brokers have raised concerns about affordability and underinsurance in a study that suggests more than 35% of clients are downgrading or ceasing personal lines and property coverage…
08 April 2013
Insurers and brokers must present a clear and united voice on important issues in the run-up to September’s federal election, according to Suncorp Commercial Insurance CEO Anthony Day…
08 April 2013
Politicians should focus on the national interest and put last month’s “unbelievable” leadership debacle behind them, according to IAG CEO Mike Wilkins…
08 April 2013
About 2.38 million product liability risks were underwritten in 2011, compared with 2.43 million in 2010 and 2.36 million in 2009, according to the National Claims and Policies Database administered by the…
08 April 2013
Claims from last summer’s catastrophes have reached $1.15 billion, according to figures from the Insurance Council of Australia…
08 April 2013
QBE has improved its share of new business, according to figures from Roy Morgan Research…
08 April 2013
New Zealand’s Earthquake Commission has been forced into an embarrassing technology shutdown after two privacy breaches…
08 April 2013
Insurers have been urged to work in partnership with the community sector and governments to provide insurance for low-income Australians…
25 March 2013
Insurers have largely welcomed the Federal Government’s decisions to rule out premium subsidies for policyholders in high-risk flood zones and to not make it compulsory for all household policies to offer…