27 February 2012
The insurance industry needs a greater commitment from the Federal Government on flood mitigation and mapping, Insurance Council of Australia President Rob Scott told ICA’s Regulatory Update…
27 February 2012
The Insurance Council of Australia will be more active in promoting the role of insurance to politicians and the public, after acknowledging the industry’s reputation suffered during last year’s disasters…
27 February 2012
The Australian Securities and Investments Commission will be looking closely at how insurance is sold to consumers, and pressing for stronger penalties for breaches, Commissioner Peter Kell…
27 February 2012
A national body representing strata owners has dismissed claims insurers are paying property managers large secret commissions…
27 February 2012
Consumers don’t like insurance companies, but they do trust them and are satisfied with their service, according to new research…
27 February 2012
A new website has been launched to improve access to insurance for sufferers of mental illness…
20 February 2012
The board of the Insurance Council of Australia has approved revisions to the General Insurance Code of Practice, following the political flak it copped over claims handling during last year’s catastrophes…
20 February 2012
National Insurance Brokers Association CEO Dallas Booth has admitted the northern Australian strata insurance market is close to “market failure”…
20 February 2012
The number of airline passengers stranded without insurance cover after the collapse of Air Australia isn’t yet known, with some travel insurers not providing financial default cover for the airline’s…
20 February 2012
Wellington residents have been told they need to focus on earthquake resilience over the next decade, with a major earthquake estimated to cost around $NZ37 billion ($29 billion)…
20 February 2012
A quarter of small businesses in rural and regional Australia would not survive a short-term closure, according to new research…
20 February 2012
For some insurers the catastrophes of 2011 have become the disasters of 2012, with investors demonstrating their disappointment…
13 February 2012
Insurers anticipate claims from flooding in Queensland and NSW will cost “tens of millions of dollars”, according to the Insurance Council of Australia…
13 February 2012
Brokers have come under fire for not looking at strata buildings they are selling policies on…
13 February 2012
Strata insurers have had to defend their claim that policies for buildings in northern Queensland were not knowingly underpriced in the past…
13 February 2012
Reinsurance is keeping insurers out of the northern Queensland strata market, a broker claims…
13 February 2012
New Zealand’s Earthquake Commission and private insurers will begin technical assessments next month on 8000-10,000 Christchurch homes with foundation damage…
13 February 2012
New Zealand buildings could be subjected to a rating system that would provide a simple guide to building safety in an earthquake…
13 February 2012
Businesses have tightened up on the credit terms they offer customers but risk losing them as a result, a survey by trade credit insurer Coface has found…
06 February 2012
Property rates increased by 8-15% across all classes of risk last year, Marsh says in its 2012 Pacific Market Insurance Report…