16 April 2012
Organisations need to re-examine their risk management strategies and introduce new ways to strengthen their operational and financial resilience after last year’s catastrophes, says major broker Marsh…
16 April 2012
Product distribution remains a “thorn in the side” for many parts of the insurance sector, says JLT Australia in an industry review…
16 April 2012
The NSW Supreme Court has begun hearing a criminal case against Rural & General Insurance Brokers founder and MD Charles Pratten, who faces seven charges of obtaining a financial advantage by deception…
16 April 2012
Obtaining full earthquake insurance in the medium to long term in New Zealand is still uncertain and clients are feeling the impact of increased premiums, according to global broker Marsh…
16 April 2012
The finance and insurance industries were the star performers of the Australian services sector last month, according to the latest Australian Industry Group/Commonwealth Bank Australian Performance…
16 April 2012
The latest allegations about Victorian surveyors using unregistered building inspectors is unlikely to have major implications for warranty insurance policies, according to a commercial litigation…
16 April 2012
The General Insurance Code of Practice was extensively revised after the 2003 Canberra bushfires, but not enough, say the critics…
02 April 2012
The La Nina weather pattern responsible for much of the increased rainfall in eastern Australia over the past two years is over, according to the Bureau of Meteorology…
02 April 2012
Some 56% of licensed general insurance brokers placed business directly with underwriters during the six months ending December 31…
02 April 2012
Wesfarmers-owned WFI is facing a rural boycott as farmers continue their campaign against Coles supermarkets’ milk-pricing moves…
02 April 2012
The Insurance Council of New Zealand will raise the issue of affordability with the Government amid growing concern that the trebling of the earthquake levy and any increase in fire service taxes…
02 April 2012
Aon is reporting an upswing in demand for business interruption covers and business continuity planning as a result of the recent string of disaster events…
02 April 2012
New Zealand insurers expect to pay out more than $NZ5 billion ($3.9 billion) in earthquake claims this year and more than $NZ15 billion ($11.7 billion) next year…
02 April 2012
New Zealand’s Earthquake Commission has made payments of more than $NZ3 billion ($2.4 billion) for Canterbury earthquake damage…
02 April 2012
The decade-long downward trend in motor vehicle thefts has stalled, with all but one state experiencing an increase in the number of thefts of passenger and light commercial vehicles during the last quarter of 2011…
26 March 2012
Insurance investors believe premium rates must rise further to reflect the increasing costs of doing business and higher levels of risk in the sector…
26 March 2012
Business leaders’ concerns about external risks have overtaken inward-looking corporate risk for the first time in the 10-year history of the Aon Australasian Risk Survey…
26 March 2012
The Insurance Council of Australia is creating a resilience rating tool to enable homeowners to assess the resilience of their property in the face of extreme weather events…
26 March 2012
Insurers wrote $30.6 billion in gross earned premium for the year to June 30 2011 and incurred claims of $23.8 billion…
26 March 2012
The New Zealand High Court’s Bridgecorp decision on who is entitled to directors’ and officers’ insurance proceeds has flowed on to Australia, with the NSW Supreme Court being asked to rule on…