28 February 2011
Risk consultants Aon and the Royal Bank of Scotland research arm Equities predict recent catastrophic events in Australia won’t be enough to turn the soft commercial market cycle…
28 February 2011
The outlook for crop insurance premiums is looking positive for the next 12 months, says Primacy Underwriting Agency Underwriting Manager Peter Book…
28 February 2011
About 35% of medium and large-sized businesses affected by the Queensland floods do not have insurance, a National Australia Bank survey has found…
28 February 2011
Increasing class actions against companies and their boards are continuing to add pressure to directors’ and officers’ insurance…
28 February 2011
Peak global standards organisation the Association for Co-operative Operations Research and Development has shifted its focus from selling the message of uniform standards…
28 February 2011
The lack of lenders mortgage insurance portability is cited as a bigger problem for homeowners than exit fees…
21 February 2011
The first hydrology report has been released by the Insurance Council of Australia, with CEO Rob Whelan saying the remaining reports will be released by the end of the month…
21 February 2011
Queensland Treasurer Andrew Fraser has put the overall damage bill from Cyclone Yasi at around $800 million…
21 February 2011
Questions continued to be asked about why the Queensland Government chose not to reinsure some of its risk…
21 February 2011
Australian insurers should expect rate increases at the June 30 reinsurance renewals period that are above the 15% experienced in 2010 and 2009, Munich Re has warned…
21 February 2011
Politicians should be focusing on how the insurance industry is dealing with claims from the recent natural disasters and worrying about policy wordings later, Suncorp Group CEO Patrick Snowball…
21 February 2011
Insurers who refuse flood claims may be subject to legal action unless they can prove they advised policyholders that flood coverage was excluded, a lawyer’s group says…
21 February 2011
As life returns to relative normality for most living in Queensland’s flood zones, some brokers are still frustrated over delays in the time being taken by insurers to assess damage…
21 February 2011
The cost of flooding in Darwin from Cyclone Carlos is still being assessed as claims slowly trickle in…
21 February 2011
A UK small claims court decision to award compensation to a passenger stranded by the Icelandic volcanic ash cloud last year is not expected to set a precedent in Australia…
21 February 2011
The insurance industry’s standards developer, the Association for Co-operative Operations Research and Development, has new forms awaiting approval which it says will improve data collection…
21 February 2011
On March 15 it will be 10 years since the collapse of HIH, and the latest edition of our sister print publication Insurance News examines the history of the collapse, the major players and…
14 February 2011
“Scare stories” about flood terminology are discouraging Queenslanders from making claims, a public meeting organised by the Insurance Council of Australia heard last week…
14 February 2011
A report by actuarial consulting firm Finity concludes that Brisbane is likely to suffer future riverine flooding at higher levels than this year’s 4.5-metre peak…
14 February 2011
An expert panel of three hydrologists established by the Insurance Council of Australia began work in January on reports that the council believes will speed up the claims process for…