Claims mount as insurers get to work
19 January 2011
The real work for the insurance industry is only just beginning…
Local
Media critical, pollies push for more
19 January 2011
As has been the case in every recent flood in Australia, the different stances on flood cover by different companies has led to a great deal of criticism, with senior politicians and the media weighing in…
Agencies ‘don’t invest in the industry’
13 December 2010
There’s too much capacity in the Australian general insurance market, with a proliferation of underwriting agencies who don’t invest in the industry…
Rain a blessing for some, a curse for others
13 December 2010
Large areas of eastern Australia’s wheat belt have escaped the devastating floods which swept through NSW and Victoria last week…
D&O claims rising as anger spreads
13 December 2010
As the Australian Securities and Investments Commission cracks down on regulatory breaches and more class actions are launched, directors’ and officers’ insurance is coming under increasing pressure…
In Insurance News (the magazine) this month
13 December 2010
It’s back by popular demand – the Insurance News list of the 20 most influential people in the industry…
Insurers prepare for potential cyclone losses
06 December 2010
Queensland personal lines premiums haven’t risen because of the Bureau of Meteorology’s forecast of increased cyclone risk this summer, according to Council of Queensland Insurance Brokers…
Quake rebuild ‘will take years’
06 December 2010
Insurance claims from New Zealand’s Christchurch earthquake could take years to be finalised, with recovery efforts not expected to be finished until August 2013…
Swiss Re expert predicts pain before gain
06 December 2010
The global insurance industry faces a tough year ahead, but insurers will see stronger returns from 2012, a senior Swiss Re economist says…
Qantas loss adds to aviation insurance woes
06 December 2010
Aon has revealed the cost of repairing the Qantas A380 which had an engine failure near Singapore last month will be about $US70 million ($71.7 million)…
Liquefaction no barrier to insurance
06 December 2010
The Insurance Council of New Zealand says claims that residents of the southern city of Dunedin may not be able to obtain property cover because areas of the city are prone to liquefaction…
Insurers worry about drug labs
06 December 2010
Landlords in New Zealand have been warned to be vigilant in checking potential tenants following a 50% jump in claims for damage caused by illegal drug labs…
Insurance cycle theory challenged
29 November 2010
The major natural and man-made events of the past decade have turned the insurance market away from being cyclical, according to Marsh Executive Director Scott Leney…
Death mine starts preparing claims
29 November 2010
Pike River Coal has confirmed to the NZ Stock Exchange it has $NZ100 million ($77.6 million) of material damage and business interruption insurance…
Call for more actuaries on insurance boards
29 November 2010
The Institute of Actuaries of Australia has called for more of its members to be included on the boards and risk management teams of insurance companies…
Quake teams ‘checking 1000 claims a day’
29 November 2010
New Zealand’s Earthquake Commission is facing growing unrest from Christchurch homeowners waiting for their homes to be fixed…
Emerging risks push boundaries
29 November 2010
Insurers are reaching a point where some risks are falling outside the “boundaries of insurability”, according to Zurich Australia Head of Global Corporate Kai Dwyer…
Seasonal crop insurance takes a step forward
29 November 2010
The WA Department of Agriculture and Food has joined the push for the development of crop insurance to cover seasonal risk…
WA workers happy with their insurers
29 November 2010
Injured WA workers are generally satisfied with the service they received from insurers, a new WorkCover WA survey has found…
Outside events put pressure on insurers
22 November 2010
The home insurance market is expected to return to profitability next year – as long as there are no large weather-related catastrophes…