Flood refusals to spark complaints
28 March 2011
The Financial Ombudsman Service says flood-related complaints are expected to rise as insurers send out refusal notices…
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Christchurch earthquake: gaps in BI insurance emerge
28 March 2011
Business interruption is emerging as the major insurance issue of the Christchurch earthquake…
Christchurch earthquake: Rugby World Cup move triggers insurance loss
28 March 2011
The organisers of the Rugby World Cup will be calling on their event insurance after being forced to move games from Christchurch because of earthquake damage to the stadium…
ICA chief in post-floods webcast
28 March 2011
Insurance Council of Australia CEO Rob Whelan will answer brokers’ questions when he appears in a national webcast on Wednesday afternoon…
WA uses mutual structure for crop insurance
28 March 2011
Grain co-operative CBH Group has formed a mutual company with broker Willis to offer multi-peril crop insurance in WA…
Localised NSW storm causes moderate claims
28 March 2011
A storm that caused flash flooding in the Illawarra region of NSW last week has only caused moderate claims, according to insurers…
No evidence to back carjacking spike
28 March 2011
The National Motor Vehicle Theft Reduction Council has rushed to reassure motorists that carjackings are not on the rise…
Agents see first signs of hardening market
21 March 2011
Major underwriting agency SRS is experiencing a four-fold increase in slips being directed to it by brokers – a reliable indication that the market is hardening in the wake of disasters…
More BI claims from Queensland floods
21 March 2011
While many Brisbane businesses had flood cover, brokers are finding more claims are coming in from business interruption policies…
Flood definition creeps closer as discussions continue
21 March 2011
Negotiations over a standard flood definition are continuing between the Insurance Council of Australia, its members and the Federal Government…
Christchurch earthquake: Marsh names third employee killed
21 March 2011
Marsh NZ has published the name of a third employee killed in the Christchurch earthquake on February 22…
Christchurch earthquake: EQC fund won’t run dry
21 March 2011
The NZ Earthquake Commission maintains it will have enough cash to cover damage claims from the February 22 Christchurch earthquake, despite reports the fund has been “hollowed out”…
Christchurch earthquake: EQC fast-tracks assessments
21 March 2011
e NZ Earthquake Commission will have 350 assessors and loss adjusters in Christchurch this week in a bid to fast-track claims…
Flood: PI claims to hit Lloyd’s if dam operators found liable
14 March 2011
New hydrology reports from the Insurance Council of Australia’s panel of experts conclude that releases from Wivenhoe Dam were to blame for the Brisbane floods…
Flood: Ombudsman to use hydrology reports
14 March 2011
Hydrology reports commissioned by the Insurance Council of Australia for the Queensland floods will also form the basis of the Financial Ombudsman Service’s rulings, according to Chief Ombudsman Colin Neave…
Christchurch earthquake: second insurance death confirmed
14 March 2011
Marsh has advised the name of a second employee who died in the Christchurch earthquake…
Consumer advocate berates industry’s ‘arrogance’
14 March 2011
A leading consumer advocate has ranked the insurance industry as worse than the banks in its dealings with consumer groups, citing a “take it or leave it, arrogant attitude”…
QBE payout may set precedent
14 March 2011
QBE has been forced to pay a flood damage claim because the product disclosure statement was not handed to the customer at the time the policy was sold…
Christchurch earthquake: more restrictions, higher premiums
14 March 2011
The insurance industry is expecting earthquake cover in New Zealand to be more restricted and cost more after the second Christchurch earthquake…
Flood-damaged cars can be insured
14 March 2011
Road accident experts say flood-damaged cars can be dangerous, but motor insurers say they will cover flood-affected vehicles if they have passed the roadworthy assessment process…