Most small businesses not insured for business interruption
12 November 2012
Around 65% of small businesses do not have business interruption cover and 16% do not even have fire insurance, according to research conducted for Allianz…
Local
Council claims $NZ575 million from Christchurch earthquakes
12 November 2012
Christchurch City Council has claimed $NZ575.6 million ($456.9 million) for earthquake damage and has so far received $NZ379.4 million ($301 million) from insurers…
Coalition considers reinsurance pool to cut north Queensland premiums
05 November 2012
The Federal Opposition will investigate whether the Australian Reinsurance Pool Corporation could be used to reduce the cost of insurance in north Queensland…
Disputed storm claims still clog files
05 November 2012
More than 500 insurance claim disputes remain unresolved almost two years after one of Australia’s most destructive spates of natural disasters…
Reef trip winners selected
05 November 2012
Adelaide broker Carol Caldwell and Sydney broker Eric Lowenstein have been named as the winners of the Catlin/Insurance News trip to the Great Barrier Reef…
Australians insurers ranked among top asset managers
05 November 2012
QBE is the highest-placed Australian general insurer in Towers Watson’s global investment managers survey – ranked 263 out of 500…
Transfer workers’ comp and CTP to private insurers: Suncorp
05 November 2012
State workers’ compensation and compulsory third-party insurance schemes should move from public to private underwriting to increase efficiency, cut costs and improve health, according to a new…
Website targets motorcycle theft
05 November 2012
A new website aims to educate motorcyclists on crime prevention, with figures showing motorbike thefts now account for more than a quarter of all vehicles stolen and not recovered in Australia…
Brokers need smarter data processing, says Kelly
29 October 2012
Brokers and insurers must streamline the process of transmitting clients’ information, Steadfast MD Robert Kelly says…
Industry faces reinsurance premium ‘hazard’
29 October 2012
Soaring reinsurance premiums and an ever-increasing array of providers are among the “navigational hazards” facing insurers, according to leading actuarial consultant Jamie Reid…
Code of practice reviewer seeks submissions
29 October 2012
The initial phase of the General Insurance Code of Practice review has been completed, with the release of an issues paper and a call for submissions…
Cat modellers still adjusting to claims escalation: Swiss Re
29 October 2012
Devastating earthquakes in New Zealand, Japan, Chile and Haiti in the past two years have given insurers and catastrophe modellers greater insight into seismic risk – but the industry has yet to implement…
Most Vic bushfire victims agree to sell
29 October 2012
Almost 80% of selected landowners in bushfire-prone areas of rural Victoria have agreed to sell their land under the State Government’s $50 million buyback scheme…
Travel cover dominates NZ complaints
29 October 2012
Travel insurance accounted for most complaints to New Zealand’s Financial Services Complaints Ltd in the year to June 30…
Catlin competition closes on Wednesday
29 October 2012
The Catlin Seaview Survey competition closes on Wednesday…
Insurance News gives you life and health
22 October 2012
Insurance News will launch a new website on October 31 to provide a complete news and information service for intermediaries and other professionals working in life insurance and health insurance…
North Queensland strata report vindicates insurers on pricing
22 October 2012
Residential strata title insurance premiums in north Queensland have been underpriced for years and the business has provided poor returns to insurers, according to an Australian Government Actuary report…
Non-flood insurance complaints rise: FOS
22 October 2012
General insurance complaints to the Financial Ombudsman Service are continuing to rise, even with flood disputes removed from the figures…
Eqecat unveils Australian earthquake model
22 October 2012
Risk modeller Eqecat says its new Australian earthquake tool is the first to implement this year’s hazard model update from Geoscience Australia…
Better risk management equals higher value, says Aon
22 October 2012
Companies that invest in sophisticated risk management practices will report a stronger financial performance and enjoy a higher share price, according to research for Aon…