11 July 2011
The Insurance Council of Australia will propose a premium rebate scheme exclusively for properties at high risk of flood when it submits its response to the Natural Disaster Insurance Review…
11 July 2011
The Queensland Floods Commission of Inquiry has announced a second round of public hearings, which will focus on the insurance industry’s response to the disaster as well as planning issues…
11 July 2011
Chartis has stopped selling travel insurance on behalf of grounded Tiger Airways…
11 July 2011
General insurance premiums in Australia and New Zealand rose by 2% to $US42 billion ($39 billion) in 2010, according to a new report by Swiss Re…
11 July 2011
Directors’ and officers’ insurers have been advised to look carefully at the recent court case judgement against former directors of the failed Centro property group…
11 July 2011
New Zealand’s Earthquake Commission expects it has received all claims for the most severe damage from the Christchurch earthquakes after paying out over $NZ1 billion ($778 million) since…
04 July 2011
The Federal Government is expected to reveal its standard flood definition “very soon” following industry agreement on a definition, the Insurance Council of Australia has told…
04 July 2011
Competition is keeping a lid on premium rises during the June 30 renewals period, according to brokers…
04 July 2011
Reinsurance rates in the Australia-New Zealand market increased between 20-100% in the June renewals, according to a report by risk and reinsurance specialist Guy Carpenter…
04 July 2011
Moreton Bay Regional Council is considering introducing a buyback scheme for properties that regularly flood…
04 July 2011
Insurance claims from the NSW mid-north coast floods have fuelled more complaints about flood definitions…
04 July 2011
Australian insurers with overseas operations achieved a total of $18 billion of sales during the 12 months ending June 2010…
04 July 2011
Perth residents must take shared responsibility for bushfire risk management, according to an investigation into the fires that swept through the state’s eastern suburbs in February…
04 July 2011
CSIRO will apply its cutting-edge 3D extreme events simulation flood modelling research to coastal areas of Queensland to assess the impact of growing sea level rises…
04 July 2011
New Zealand’s Earthquake Commission and insurers could face some judicial pain ahead as unrest mounts over unpaid claims for repair and reconstruction work in Christchurch…
27 June 2011
Airlines affected by the volcanic ash cloud across Australia and New Zealand from Chile’s Puyehue Cordon Caulle volcano are unlikely to have business interruption policies in place to cover the event…
27 June 2011
The estimated cost to insurers of Cyclone Yasi has topped $1 billion, according to figures published by the Insurance Council of Australia on Friday…
27 June 2011
New Zealand’s principal local government insurer has told its clients it cannot provide property cover after June 30 because it has failed to obtain reinsurance…
27 June 2011
New Zealand insurers say a Government decision to offer a buyback option for 5100 residents in the worst affected areas of Christchurch will “provide clarity for customers”…
27 June 2011
The federal parliamentary inquiry into the insurance response to natural disasters will hold public hearings in Queensland, NSW, rural Victoria and WA as well as Canberra and Sydney later this year…