Market ‘soft but different’
15 November 2010
The commercial insurance market remains soft for now, but insurers’ behaviour in recent renewals is not typical of previous soft markets, according to major broker Marsh…
Local
Lloyd’s moves closer to UAC
15 November 2010
Lloyd’s General Representative in Australia Adrian Humphreys will join the board of the Underwriting Agencies Council as a non-voting associate director…
Home and contents customers satisfied
15 November 2010
Most policyholders in a new survey by consumer organisation Choice have expressed satisfaction with their home and contents policies…
Insurance fraud rife
15 November 2010
Insurance fraud accounts for substantial claim losses across the industry, according to a new survey examining fraud in Australia and New Zealand…
Motor insurance remains profitable
15 November 2010
Motor insurance profitability will continue for the near future despite a number of new players joining the market…
More car thieves immobilised
15 November 2010
Anti-theft devices saved vehicle insurers and car-owners $60 million in claims in the last financial year, according to Australia’s peak body on vehicle theft reduction…
Rogash returns to help revive CEMAC
08 November 2010
Perth-based Insured Group has sold its CEMAC underwriting agency to Austagencies, with former CEMAC owner Murray Rogash returning to rebuild the company…
Consumers don’t trust brokers, says survey
08 November 2010
Insurance brokers and financial advisers are only trusted by a minority of consumers, according to a new survey by research house Datamonitor…
Earthquake to shake up NZ premiums
08 November 2010
New Zealand homeowners and businesses could soon be feeling the financial aftershocks of the Christchurch earthquake as tremors continue to shake the South Island city and the clean-up…
NZ farmers count cost of monster storm
08 November 2010
Insurance claims from a giant snowstorm in NZ’s Southland’s have reached $NZ47 million ($36.6 million), but the uninsured damage bill is expected to be much higher…
Failed insurance pool close to winding up
08 November 2010
The UK High Court has approved the final winding-up of a long-running insurance pool, with a creditors meeting to be held on November 30 in London…
Excess capital sustains soft market
01 November 2010
More than $100 billion in capital excess for insurance and reinsurance markets will see the soft market continue, according to a global expert…
Catastrophic events are risky business
01 November 2010
Reinsurers can expect the catastrophe market to continue to grow following an increase in losses and severity of events in areas that haven’t previously been affected…
Ship leaves, legal action begins
01 November 2010
A local marine insurer is investigating legal action against a grain ship which last month collided with and sank a fishing trawler in Port Lincoln, SA…
Premium growth weak despite strong economy
01 November 2010
Leading economist Ian Harper says a growing economy and increasing demand isn’t leading to insurance premium growth as a result of international oversupply…
Taking vehicle risks seriously
01 November 2010
Companies are not managing the risks involved with their motor fleets in the same way as they would look after other industrial accidents, according to a fleet safety researcher…
Insurers still want a voice at climate talks
25 October 2010
Insurers still want a seat on the Federal Government’s new business roundtable on climate change, despite having been ignored by Treasury…
Harmer’s 2001 predictions
25 October 2010
CGU’s incoming CEO said nine years ago that collaborative relationships between insurers and brokers, professional education and good technology systems would underpin the future success of the…
IBNA’s IT move has ‘resounding approval’
25 October 2010
Members of the Insurance Brokers Network of Australia have greeted the cluster group’s new technology joint venture with “resounding approval”, according to director Peter Roberts…
PI cover for tax agents welcomed
25 October 2010
The Tax Practitioners Board requirement that all tax and Business Activity Statements agents have professional indemnity over will not be an issue, says a bookkeeping body…