05 March 2012
One hundred-year rains have soaked Victoria and NSW in the past few days, with loss adjusters saying it may be some time before they can access some of the hundreds of affected properties…
05 March 2012
The general insurance industry collectively earned after-tax profit of $639 million in the December 2011 quarter, down from $1.1 billion in the December 2010 quarter, according to the latest statistics…
05 March 2012
Insurers must find different ways to drive productivity, with poor performance testing the patience of investors, Insurance Council of Australia President and Wesfarmers Insurance MD Rob Scott…
05 March 2012
The floods in Queensland, NSW and northern Victoria will affect the yield of some summer cereal crops…
05 March 2012
Insurers are targeting policy administration for efficiency gains as they try to offset low investment returns by improving their operational performance…
05 March 2012
A survey of manufacturers in the earthquake-stricken Canterbury region has discovered widespread dissatisfaction with business interruption coverage…
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…