15 August 2011
Directors can be forced to put their company into administration prematurely to avoid being held personally liable for trading while insolvent, according to the Australian Institute of Company…
15 August 2011
Reducing water levels in the Wivenhoe Dam could have lowered flood damage during the Brisbane flood crisis, but a lack of adequate information hampered releases, according to two new reports…
15 August 2011
Standard & Poor’s has affirmed the New Zealand Earthquake Commission’s AAA financial strength and issuer credit ratings, with a stable outlook…
15 August 2011
The HIH collapse in March 2001 was due to poor management and not systemic risk in the insurance industry, IAG CEO Michael Wilkins says…
08 August 2011
RACQ Insurance has approved the flood claims of 247 customers who had previously been rejected after it received new hydrological information from Brisbane City Council…
08 August 2011
The Insurance Council of Australia has rejected criticism that the industry has refused requests from the Queensland Reconstruction Authority for data to help the post-disaster recovery…
08 August 2011
Despite a relatively uneventful June 30 renewals period, major brokers and insurers remain convinced the market will harden…
08 August 2011
Mobile phone technology will deliver simpler, more customised options for insurers, according to Telstra…
08 August 2011
Brokers say that despite ongoing rate rises in the Christchurch region and little capacity to write new business, the New Zealand industry is now heading in the right direction as underwriters move from…
08 August 2011
The insurance industry has come under fire from governments and consumers over flooding, but the latest edition of Insurance News (the magazine), examines the considerable work the industry is…
01 August 2011
The Financial Ombudsman Service Chief Ombudsman Colin Neave is stepping down from the top job, electing not to be reappointed for another two-year term…
01 August 2011
The general insurance industry doesn’t rate a mention in the Queensland Floods Commission of Inquiry interim report, despite months of ongoing backlash over the industry’s response to the…
01 August 2011
The Insurance Council of Australia is intensifying its opposition to the Natural Disasters Insurance Review proposal to introduce compulsory flood cover…
01 August 2011
A flood claims pool that enables insurers to retain subsidised premiums and manage claims would be the most effective way to make flood cover available to high-risk properties, Allianz argues…
01 August 2011
A reinsurer to the New Zealand Earthquake Commission has renewed on an annual instead of a three-year basis following claims from the Christchurch events…
01 August 2011
Developers, unit owners and retirees are being urged to take what strata insurance they can in Far North Queensland as the region faces continued market withdrawals…
01 August 2011
Brokers are experiencing a “mixed bag” following the June 30 renewals, bringing into question whether the market really is going into a hard market…
01 August 2011
CGU CEO Peter Harmer has identified a backlash against rising insurance premiums as the next major reputational issue facing the insurance industry…
01 August 2011
Global insurers are still struggling to meet customer standards of disclosure despite scoring high satisfaction ratings, according to an Accenture survey…
25 July 2011
Claims paid by insurers for the Queensland flood and Cyclone Yasi have risen to more than $1.6 billion…