ICA and NIBA have identical views on volume payments
12 December 2011
Both the major general insurance associations have called for the Federal Government to exempt brokers from a ban on accepting volume-based shelf space fees on platforms…
Local
Survey paints changing picture of broking sector
12 December 2011
Insurance brokerages are experiencing generational change, but older principals are continuing to dominate the broking sector, according to a new report from Macquarie Relationship Banking…
Disasters push up the number of FOS disputes
12 December 2011
The Financial Ombudsman Service has received 650 disputes concerning the Queensland floods, Cyclone Yasi and the Victorian floods…
Wind farm opponents target insurance industry
12 December 2011
The insurance industry can expect claims relating to health problems from wind turbines, a wind farm lobby group is warning…
Legal pitfalls in new e-health draft legislation
12 December 2011
Doctors could face increased legal liability if they join the Federal Government’s $500 million personally controlled e-health scheme…
Earthquake Commission begins assessments outside Canterbury
12 December 2011
The New Zealand Earthquake Commission will start assessing earthquake-damaged houses outside Canterbury this month…
London market will write New Zealand risk – at a price
12 December 2011
There is appetite for New Zealand risk in London, but rates and terms are moving up very quickly, according to Lloyd’s broker Alan Rixon…
New Zealanders consider Singapore-based captives
12 December 2011
Some major New Zealand insureds are looking at setting up captive insurance companies in Singapore as their country’s stronger prudential requirements come into force…
In Insurance News (the magazine) this month
12 December 2011
The way brokers work, their attitudes, beliefs, concerns, challenges and ambitions are examined in depth in the latest edition of Insurance News (the magazine), which is being mailed out this week…
Insurers make a loss in September quarter
05 December 2011
Australia’s general insurance industry has bounced back from the disasters earlier in the year, although a $217 million loss for the sector was recorded in the September quarter…
Wilder weather the new norm
05 December 2011
Insurers must offer targeted and affordable cover to help prepare consumers for increasing and intense bouts of wild weather, according to Insurance Australia Group CEO Mike Wilkins…
SME insurance-buyers ‘wary’, Vero survey finds
05 December 2011
SME business decision-makers are wary of the insurance industry but not unhappy with their current cover, according to a new Vero survey…
Australia Post to sell travel insurance
05 December 2011
Australia Post will next year offer travel insurance at post offices, with a product underwritten by Munich Re subsidiary Great Lakes Reinsurance (UK)…
General insurance product uptake strong, says survey
05 December 2011
A survey by ANZ has found the take-up of general insurance products remains strong…
Insurers handling Margaret River claims
05 December 2011
Insurance companies have set up “shopfronts” in the fire-devastated Margaret River region of WA to handle claims…
Earthquake inquiry hears of Pyne Gould building fears
05 December 2011
People who worked in the Pyne Gould building in Christchurch became concerned about cracks in the walls after the first Christchurch earthquake but were told it was safe, the Canterbury…
Ombudsman outlines common flood complaints
05 December 2011
Common complaints to the Financial Ombudsman Service over flood insurance claims concern whether consumers have been clearly informed of their coverage, policy exclusions and definitions and hydrology reports…
Queensland floods blow the Budget
05 December 2011
Last summer’s Queensland floods have added to the Federal Government’s financial woes and made the chances of staying on course for a surplus much harder…
Christchurch earthquakes: Earlier shakes did not weaken major buildings
05 December 2011
The Christchurch earthquakes on September 4 and Boxing Day 2010 did not significantly weaken the resistance of three buildings that failed in the February 22 quake, an expert report has found…
NZ launches stolen cars database
05 December 2011
The New Zealand Police Department has launched a database providing a list of all stolen vehicles for the past six months…