Flood simulations for coastal regions
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…
Local
Unpaid tradies contemplate court action
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…
No business interruption cover for airlines affected by ash cloud
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…
Disaster costs continue to rise
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…
Christchurch earthquake: NZ councils may have no cover after June 30
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…
Christchurch earthquake: Insurers welcome buyout option
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”…
Parliamentary disaster insurance inquiry to visit most states
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…
Flood: New research outweighs mapping techniques
27 June 2011
The CSIRO believes its cutting-edge dam modelling research could outstrip current flood-mapping technology, and is in discussions with insurers and government officials to bring it…
Christchurch earthquake: EQC coping with assessments
27 June 2011
The NZ Earthquake Commission has confirmed it is on track to complete assessments of all major damage to Christchurch properties by mid-July…
Seminars to debate mandatory flood cover announced
27 June 2011
The controversial proposal to make flood cover mandatory will come under the microscope next month as the Natural Disaster Insurance Review panel takes part in two information…
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…
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…