Ipswich outlines flood mitigation approach
24 October 2011
Ipswich City Council has outlined a number of measures being undertaken to minimise future flood risk…
Local
Court finds earthquake cover reinstates immediately
24 October 2011
The High Court of New Zealand has decided that earthquake cover provided by the government-owned Earthquake Commission does not lessen when a claim is made…
Motor vehicle thefts continue to fall
24 October 2011
New figures from the National Motor Vehicle Theft Reduction Council for the 2010/11 financial year show that the number of vehicles stolen in Australia is continuing to decline…
Older Australians underinsuring their homes
24 October 2011
Older homeowners are underinsuring their properties by an average $131,000, according to new research by Suncorp subsidiary Apia…
Insurers defend their disaster claims-handling
17 October 2011
The industry has defended its claims-handling timeframes during last summer’s flood disasters, telling a parliamentary inquiry processing delays in such circumstances are “inevitable”…
NIBA plans code of conduct review
17 October 2011
The National Insurance Brokers Association plans to review its Code of Conduct during the next six months…
Earthquakes royal commission calls for upgraded buildings
17 October 2011
The Canterbury Earthquakes Royal Commission has recommended that unreinforced masonry buildings around New Zealand be improved as soon as practicable…
Levy will restock EQC coffers
17 October 2011
New Zealand’s Earthquake Commission has been thrown a lifeline to help it meet operating costs…
Christchurch earthquakes: EQC classifies new event
17 October 2011
New Zealand’s Earthquake Commission has classified the October 9 aftershock as a new event for insurance purposes…
Queensland Floods Commission reviews Bundaberg, Maryborough, Gympie
17 October 2011
The Queensland Floods Commission of Inquiry is now in the final stages of its statewide review, with only Brisbane and Ipswich hearings left on the agenda…
NZ counts the cost of earthquakes
17 October 2011
The New Zealand Government has recorded costs of $NZ9.087 billion ($7.07 billion) from the Canterbury earthquakes in its financial statements for the year to June 30…
More players wanted to look after pets
17 October 2011
The limited number of underwriters in the pet insurance market has concerned consumer organisation Choice in its latest report on the sector…
Zuji wins Canstar Cannex award for medical travel insurance
17 October 2011
Online travel agency Zuji has won the annual Canstar Cannex award for Best Medical Travel Insurance Product, beating 41 other brands…
Push to regulate claim timelines
10 October 2011
Insurers lack basic communication skills and claims delays are adding to Queensland flood victims’ anxiety levels and contributing to mental health issues, according to two inquiries…
Christchurch earthquakes: Home inspections move into new phase
10 October 2011
The New Zealand Earthquake Commission has moved from a “worst first” strategy to inspecting properties street by street in Christchurch and has begun a campaign to get all contents…
Australian disasters to cost more than $4.23 billion this year
10 October 2011
Insurance companies have set aside more than $4.23 billion to pay for claims related to this year’s tally of natural disasters, according to the latest figures from the Insurance Council of Australia…
Lumley drops north Queensland property business
10 October 2011
Lumley Insurance is the latest insurer to withdraw from property cover in north Queensland following big losses last summer…
ACT adopts new emergency warning and information system
10 October 2011
The ACT Emergency Services Agency has launched a new website and social media accounts that will increase access to warnings and information…
Think global, act local: Snowball
03 October 2011
Suncorp Group CEO Patrick Snowball has told UK insurers the current economic climate has highlighted the need for insurers to be able to respond to “globally transmitted systemic change”…
New statistics mark decline of liability rates
03 October 2011
The extent of softening in the liability markets last year has been revealed in the latest statistics on public and product liability and professional indemnity rates from the National Claims and Policies…