Massive claims expected for Thailand
14 November 2011
IAG’s operations in Thailand have so far received around 1500 claims resulting from the country’s floods, with more Australian insurers expected to be affected as the regional business impacts…
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Queensland Government buys $53.6 billion of reinsurance
07 November 2011
The Queensland Government has bought $53.6 billion of reinsurance cover for the state’s property assets, but has been unable to get cover for roads…
NZI stars in New Zealand industry awards
07 November 2011
The Insurance Brokers Association of New Zealand has made a special award to NZI’s claims team for an outstanding performance in response to the Canterbury earthquakes…
ICA to help shape National Injury Insurance Scheme
07 November 2011
The Insurance Council of Australia has been given a seat at the table of Assistant Treasurer Bill Shorten’s new National Injury Insurance Scheme (NIIS) advisory group…
Grant helps university study social media use in disasters
07 November 2011
Queensland University of Technology has received a Federal Government grant of $188,000 to study the use of social media in times of crisis, ensuring the lessons learned in last summer’s natural…
Miners not covering the ‘fracking’ risks properly
07 November 2011
Mining companies using fracking technologies aren’t covered under their existing public liability policies, according to an environmental insurance expert…
Suncorp quantifies Queensland recovery economic boost
31 October 2011
A new report commissioned by Suncorp reveals the insurer will stimulate the Queensland economy to the tune of $1.2 billion over a 10-year period through restoration and recovery work…
Calling insurance shonky a poor Choice, says ICA
31 October 2011
The decision by consumer advocate Choice to include the insurance industry in its 2011 Shonky Awards was irresponsible, Insurance Council of Australia CEO Rob Whelan says…
Qantas grounding: Insurers ready to help if needed
31 October 2011
Travel insurers are not expecting a dramatic rise in claims from the grounding of the entire Qantas fleet at the weekend…
Global fire deaths trending down, but complacency is a danger
31 October 2011
Insurance think tank the Geneva Association says although the global death toll from fires is trending down, fire safety is often taken for granted in building developments…
Christchurch earthquakes cost rises to $NZ20 billion
31 October 2011
The New Zealand Treasury has upgraded the cost of the Canterbury earthquakes from $NZ15 billion ($11.5 billion) to $NZ20 billion ($15 billion)…
Insurers brace for claims from New Zealand gas outage
31 October 2011
Insurers and business are waiting to hear the cause of damage to the country’s largest gas pipeline to see if business interruption clauses are triggered…
UK targets Australia and NZ for investment
31 October 2011
The UK Government has launched a competition to encourage Australian and New Zealand businesses to invest in its ailing economy…
Queensland sees highest rise in residential premiums
24 October 2011
Queensland households have seen the highest increase in insurance premiums this year, according to Canstar Cannex’s annual rating of home and contents policies…
Power utility makes offer over bushfire
24 October 2011
Landowners in the Victorian regional centre of Horsham who joined a class action against electricity utility Powercor after losing property in the December 2009 bushfires have been offered…
Queensland faces new weather hit: report
24 October 2011
New Bureau of Meteorology data suggests this summer could see another La Nina event develop, leading to higher than average rainfall across northern and eastern Australia…
Low investment returns will harden market, says Swiss Re
24 October 2011
The continuing low interest rate environment will force the insurance market to harden over the next year, Swiss Re Chief Economist Thomas Hess has told insuranceNEWS.com.au…
Insurers ready for bad cyclone season
24 October 2011
Insurers are preparing for another tough cyclone season in northern Australia…
Earthquakes starting to lessen, say scientists
24 October 2011
Scientists have told the Canterbury Earthquakes Royal Commission that the likelihood of further quakes and aftershocks is starting to lessen, but an elevated hazard level will persist past one year…
Weather portal tells Queenslanders to ‘harden up’
24 October 2011
Queensland has taken a typically individualist and colloquial approach to disaster risk management with the launch of a website called Harden Up Queensland…