Victorian fire services levy up 18% this year
07 May 2012
Insurers will contribute $641.9 million to Victoria’s fire services levy this financial year, an 18% increase…
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Brokerage ordered to pay client $2.7 million
07 May 2012
A Brisbane brokerage has been ordered to pay more than $2.7 million over a rejected claim…
Lawyer to head code of practice review
07 May 2012
Insurance lawyer Ian Enright will chair the forthcoming independent review of the General Insurance Code of Practice…
Insurers urged to broaden their investment
07 May 2012
Insurers need to work their investment portfolios harder as they face greater pressure to deliver profits…
Weather hits Australian businesses harder, survey shows
07 May 2012
Severe weather events have a bigger impact on Australian businesses than on those in other parts of the world, a new survey has revealed…
New midwives insurance model on the cards
07 May 2012
Health ministers have met to discuss a plan to insure private midwives who assist in low-risk home births…
Tsunami sirens to be installed in Christchurch
07 May 2012
A tsunami warning system will be installed this month along the coast near Christchurch, with 22 sirens scheduled to operate from July 1…
FSL to rise again as Victoria has a $600 million change of mind
30 April 2012
Victoria’s fire services levy on insurance premiums is rising again, with reports the State Government has abandoned a transition period under which the FSL would be dropped in favour of a…
Don’t subsidise premiums, governments warned
30 April 2012
Governments should not subsidise premiums for household or business property insurance as this would hinder effective adaptation to climate change, the Productivity Commission warns…
Trade credit insurer downgrades Australia and NZ
30 April 2012
French trade credit insurer Coface has downgraded its ratings for Australia and New Zealand…
ACORD releases new standard for review
30 April 2012
The Association for Co-operative Operations Research and Development has released an Australia standard for review…
NZ insurance ombudsman investigates red zone complaints
30 April 2012
The New Zealand Insurance and Savings Ombudsman is investigating complaints about offers made by insurers to some customers in the Canterbury “red zone”, but admits the row over repairs and…
Raising rates could be a problem for Australian insurers
23 April 2012
Standard & Poor’s has maintained its stable rating on the Australian general insurance industry, but says insurers’ efforts to increase rates “could be a challenge”…
Directors found guilty, but D&O dilemma remains
23 April 2012
The New Zealand High Court has found three directors of failed finance company Bridgecorp guilty of making false statements in a prospectus, but uncertainty over directors’ and officers’ cover…
Best and worst show up in tough market: McAvenna
23 April 2012
The present insurance market involves the “best and worst of times” for brokers, insurers and customers, delegates at the A&I Member Services Convention in Auckland were told yesterday…
Budget, AAMI win car awards
23 April 2012
Financial researcher Canstar has singled out Budget Direct and AAMI for outstanding value in car insurance. This is the third year in a row that both insurers have been named in this…
Christchurch quake: Insurers face consumer backlash
23 April 2012
New Zealand insurers are under fire for offering customers payments to repair homes in the Christchurch red zone, where land is deemed unsuitable for residential living…
Christchurch redevelopment blueprint within 100 days
23 April 2012
The New Zealand Government has given a new planning unit 100 days to come up with a redevelopment blueprint for central Christchurch…
Victorian Government launches bushfire lawsuit
23 April 2012
The Victorian Government has issued a writ against the electricity company responsible for the power line that caused the Kilmore-Kinglake bushfire on Black Saturday…
Mortgage insurance market conditions ‘stable’
23 April 2012
Ratings agency Standard & Poor’s forecasts a stable outlook for the Australian lenders’ mortgage insurance market this year, despite a major local player reporting an “elevated loss…