ICNZ chief praises industry’s earthquake response
05 September 2011
Insurance Council of New Zealand President John Lyon says the industry has responded well to the Canterbury earthquakes…
Local
Woolworths steps into insurance
29 August 2011
Supermarket giant Woolworths has followed rival retailer Coles into the insurance market in a new partnership with Swiss Re and Hollard Insurance…
Doyle: Market needs to respond to reputation concerns
29 August 2011
Insurers need to develop liability lines that meet the concerns of local businesses, the Australian Professional Indemnity Group national conference has been told…
Reinsurance rate rises may affect liability lines
29 August 2011
The rising cost of reinsurance could begin to put upwards pressure on primary casualty rates, particularly where the reinsurance program is linked to property, an industry conference has been…
Christchurch earthquake: Insurers blamed for delays
29 August 2011
Continuing aftershocks in the Canterbury region are preventing insurers from taking on new risk and causing delays to rebuilding work…
Cairns broker denies forced sale
29 August 2011
A Cairns broker denies a recent court case is linked to his decision to sell his business to Far North Insurance Brokers…
Midwives face PI shortfall
29 August 2011
Medical Insurance Group Australia is calling for clarification over whether private midwives accompanying their patients to public hospitals are considered to be providing a continuation of care…
New NTI group digs down into safety research
29 August 2011
Truck insurance specialist underwriter National Transport Insurance has appointed a new advisory board to assist its accident research centre in finding practical road safety solutions…
Correction: Centro case
29 August 2011
An article in the Newsmakers section of the August/September edition of Insurance News (the magazine) said two Centro directors found guilty in a prosecution under the Corporations Act…
Fire levy rockets as Victoria delays phase-out
22 August 2011
The Victorian Government’s fire services levy on rural and regional property insurance has risen 30%, with country brokers warning the rise comes on top of significant increases in farm and home…
Queensland’s flood inquiry offers anonymity
22 August 2011
Queenslanders have been offered anonymity in a bid to get them to speak out about their experiences with insurers during this year’s floods, as part of the second stage of the Queensland Floods…
Risk and complacency a recipe for disaster
22 August 2011
Victorians need to stop being complacent and take notice of risk factors associated with their homes and businesses, according to an expert panel on natural disasters…
Christchurch earthquake: Large slice of township beyond repair
22 August 2011
The New Zealand Government will offer to buy about 1000 properties in the Canterbury township of Kaiapoi, around one in five homes, after finding the land underneath them cannot be remediated…
Christchurch earthquake: Business rates insurance response as ‘poor’
22 August 2011
More than 40% of Christchurch businesses have told a survey that their insurers’ responses to earthquake claims have been either “poor” or “very poor”…
Hackers threaten SME businesses
22 August 2011
SMEs need to invest more heavily in security to protect themselves against a growing incidence of website hacking, according to a software security expert…
NZ insurers await thousands of claims from polar blast
22 August 2011
The Insurance Council of New Zealand expects thousands of claims to be triggered by the polar blast that brought snowstorms to much of New Zealand last week…
Australia underpricing D&O liability, says Zurich
15 August 2011
Claims exceed premiums from directors’ and officers’ liability policies in Australia, but the market will remain soft due to the amount of competition, says Zurich’s Global Chief Underwriting Officer for…
Directors argue for defence from insolvent trading laws
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…
Dam gauge failures hampered water release
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…
S&P maintains NZ Earthquake Commission ratings
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…