06 June 2011
Local councils across New Zealand may be left without earthquake insurance cover if their mutual pool insurer, the Local Authority Protection Program Disaster Fund, is unable to secure reinsurance…
06 June 2011
Premium increases are being noted by New Zealand brokers, but so far the June renewals season has revealed no standardised rates of increase, according to Insurance Brokers Association…
30 May 2011
The Natural Disaster Insurance Review’s preferred “full flood” insurance solution would create difficulties for smaller insurers who would be unable to fund the proper risk assessment…
30 May 2011
Insurance “gaps” in coastal regions could continue to widen if the Federal Government Climate Change Commission’s rising sea-level predictions become a reality…
30 May 2011
Brokers responding to a Vero survey have nominated natural disasters and negative perceptions of the industry as their biggest concerns…
30 May 2011
The insurance industry is making “enormous progress” in the drive to solve the flood cover issue, Insurance Council of Australia CEO Rob Whelan says…
30 May 2011
Rockhampton residents knew the “potential gravity” of the season months ahead of the devastating January floods, the Queensland flood commission has heard…
30 May 2011
Suncorp Group CEO Patrick Snowball wants a review of natural disaster management modelled on the Wallis Inquiry of the late ’90s, which led to the financial services reforms of 2001 and later…
30 May 2011
Residents of the Lockyer Valley whose properties were devastated in the January floods have been offered a cost-free opportunity to relocate to safer ground in the region…
30 May 2011
Australian representatives of the Association for Co-operative Operations Research and Development received a standing ovation when they ran a live demonstration of the new Steadfast business…
30 May 2011
The New Zealand Earthquake Commission’s deadline for the February 22 Christchurch earthquake has passed with 159,318 claims being made…
30 May 2011
New Zealand’s Earthquake Commission is being pressured to pay the bills of tradesmen doing repair work around Christchurch or face legal action…
23 May 2011
The Federal Government’s Natural Disaster Insurance Review is advocating a “full flood cover” solution to the availability and affordability of flood insurance, which will mean that all insurers…
23 May 2011
The majority of Queenslanders are against paying a property tax or levy to adequately insure all Australians against natural disaster, an Insurance Council of Australia survey has revealed…
23 May 2011
Insurers who responded to the Federal Government’s consultation on a standard flood definition have generally accepted the suggested wording…
23 May 2011
Reinsurers in Europe are “positive but concerned” about risks in Australia, but they have retained their appetite for risk in this part of the world, according to Suncorp CEO Commercial Insurance…
23 May 2011
Any national flood-mapping scheme could be “overly conservative” in its assessment of which areas are at high flood risk, potentially penalising affected homeowners with higher insurance premiums…
23 May 2011
New Zealand’s Earthquake Commission has recognised 10 events for insurance purposes from the time of the first major earthquake on September 4, 2010…
23 May 2011
The New Zealand insurance industry is concerned that the Reserve Bank and Treasury have damaged the industry by raising fears that another insurer is at risk of failure…
23 May 2011
Most insurers have accepted the “new reality” of contestable platforms being used by brokers to compare policy features and costs, but there are fears that it could drive clients toward…