Zero tolerance one key to stopping fraud
27 June 2011
Whistleblowers, technology and zero tolerance are the keys to combating fraud, according to Zurich General Insurance Fraud Manager Asia-Pacific Adam Plummer…
Local
Expected rate rises haven’t happened: Aon
20 June 2011
Widespread rate increases have not occurred in the SME market, according to a new report by Aon…
Industry flood inquiry submissions close
20 June 2011
The extension for public submissions addressing insurance matters to be made to the Queensland Floods Commission of Inquiry has passed, with all submissions due by June 15…
Aon settles with ANU over Mt Stromlo loss
20 June 2011
The Australian National University and broker Aon have settled long-running litigation over the devastating Canberra bushfires in January 2003 that destroyed the Mt Stromlo Observatory…
Christchurch earthquake: Reinsurers calm fears, Eqecat defends estimate
20 June 2011
Catastrophe modeller Eqecat has defended its loss estimate for the June 13 Christchurch earthquakes, while reinsurers have reassured the market they will cover New Zealand risks…
Rates to rise, but how much isn’t certain
20 June 2011
IAG and QBE are talking up premium increases, but speculation still remains over exactly how high the rises might be…
Christchurch earthquake: infrastructure risk rejected
20 June 2011
New Zealand’s local authority insurer is having difficulty getting enough reinsurance for damage to underground infrastructure in the country following the Christchurch earthquakes…
Travel insurers to cover volcanic ash disruptions
20 June 2011
Travel disruptions last week caused by the volcanic ash cloud across Australia and New Zealand from Chile’s Puyehue Cordon Caulle volcano will be covered under most travel insurance policies…
Insurance Council monitors NSW floods
20 June 2011
The Insurance Council of Australia says it is monitoring last week’s flooding along the NSW coast, but so far there has not been a large number of claims…
In Insurance News (the magazine) this month
20 June 2011
Contestable broking platforms come under the microscope in the latest edition of Insurance News (the magazine), which is being mailed out this week…
Mixed results from APRA’s general insurance data
14 June 2011
A number of insurers made a loss from their Australian operations in the year to December 31, according to data released by the Australian Prudential Regulation Authority…
Premiums to rise further after latest Christchurch quake
14 June 2011
The New Zealand insurance landscape has changed permanently following the latest Christchurch earthquake, according to Insurance Council of New Zealand CEO Chris Ryan…
NDIR looks at sea level rises
14 June 2011
A Federal Government inquiry into insurance gaps in coastal regions has been included in the Natural Disaster Insurance Review’s terms of reference as reports show sea level rises could cause…
Suncorp hits out on compulsory flood cover
14 June 2011
Suncorp Personal Insurance CEO Mark Milliner has warned that moves to make flood cover compulsory would drive up home insurance premiums by a “significant amount” for homeowners…
NZ insurers, EQC go to court for ruling on quake cover
14 June 2011
The Insurance Council of New Zealand and the Earthquake Commission will seek guidance from the High Court to determine how to apportion damage from the Christchurch earthquakes…
Christchurch earthquake: business owners stressed as BI cover runs out
14 June 2011
Christchurch business-owners are feeling the stress as their business interruption insurance runs out, according to a survey by business assistance group Recover Canterbury…
Yasi victims ‘will be home for Christmas’
14 June 2011
Insurers are aiming to get homeowners affected by Cyclone Yasi in February back in their homes before Christmas…
ICA communications ‘rethink’ needed, says Scott
06 June 2011
Insurance Council of Australia President Rob Scott says the industry needs to “rethink” how it communicates with the public in order to have a greater influence in the public debate after the…
Disasters led to $16.6 billion in claims
06 June 2011
Floods and earthquakes have blown out claims figures for the Australian general insurance industry in the March quarter…
Laker counts cost of insured losses from storms and quake
06 June 2011
Losses from natural disasters in Australia and the Christchurch earthquake will top $11 billion for insurers regulated by the Australian Prudential and Regulation Authority…