Loss adjusters stretched
07 February 2011
Loss adjusters are calling in reinforcements from Canada, the UK, Asia and the US to cope with the growing barrage of claims from the Queensland and Victorian floods and Cyclone Yasi…
Local
Tropical strata cover difficult to find
07 February 2011
Strata insurance in north Queensland is becoming “almost impossible to place” amid severe price hikes and an unwillingness by underwriters to cover high-value properties…
Two years on, most Victorian bushfire claims settled
07 February 2011
Today is the second anniversary of Victoria’s Black Saturday bushfires, and all but a few of the 10,280 claims that resulted have been settled…
Full-price premium offers protection
07 February 2011
NZ insurers have been slammed for trying to “protect their customers” after several in earthquake-ravaged Christchurch and the surrounding Canterbury region received full-price premium renewals…
NZ clients worry about disasters
07 February 2011
Natural disaster disruptions have rocketed to the top of the list of concerns for NZ businesses, according to the latest Marsh risk survey…
Flood: Shorten aims for cover changes
31 January 2011
Assistant Treasurer Bill Shorten will sit down with insurance industry leaders in Sydney on Thursday to find ways to make flood insurance more commonly available…
Flood: too early to predict Queensland cost
31 January 2011
Claims from the Queensland floods are expected to exceed $1.5 billion – but this doesn’t include claims from mining and heavy industrial sectors, which are expected to be massive…
Flood: Victorian claims mount
31 January 2011
Claims related to the Victorian floods have so far reached $69 million, the Insurance Council of Australia reported today…
Flood: brokers brace for backlash
31 January 2011
Brokers are bracing for legal actions from flood-affected policyholders who claim they weren’t informed they were not covered…
Flood: reinsurance under pressure after floods
31 January 2011
While reinsurance has sheltered insurers from the very worst of Queensland’s floods claims, treaties are now almost certain to rise, according to the world’s largest reinsurer…
Flood: BI cover under-rated
31 January 2011
As hundreds of small businesses begin grappling with the aftermath of the Queensland and Victorian floods, a startling number will be left short, with a growing percentage not covered for business…
Flood: insurance investment outlook sinking
31 January 2011
The insurance sector faces an uncertain outlook for investors, according to Melbourne-based fund manager Aviva Investors…
Flood: life industry helps victims
31 January 2011
Life insurance members of the Financial Services Council say they are dealing with requests for payments from flood victims…
Anthony out of puff, but Cyclone Yasi tougher
31 January 2011
The central Queensland coast has escaped significant major damage from Cyclone Anthony after it made landfall at Bowen last night…
Insurance profits remain strong
31 January 2011
Bottom-line profitability in the insurance industry remains robust despite the impact of catastrophic events, an easing in reserve releases and a two-speed premium market…
Christchurch still shaking
31 January 2011
Claims from NZ’s earthquake-stricken Canterbury province have reached nearly 171,000 and continue to rise following more severe aftershocks…
WA bushfire claims mount
31 January 2011
Residents in the small town of Lake Clifton south of Perth are continuing to count the cost of a bushfire that tore across more than 2000 hectares of land last month, with initial estimates of damage…
Policy is death mine’s best asset
31 January 2011
The receiver of the Pike River Coal mine on NZ’s west coast says the company’s main asset is now its insurance policy, but any settlement with the insurer will probably be “considerably less” than…
Suncorp webcast will advise brokers
19 January 2011
Suncorp will host a webcast forum tomorrow afternoon to allow brokers – especially those in the flood-affected areas – to share their views and ask questions…
Insurers don’t want a national scheme
19 January 2011
Calls for a government-sponsored scheme to provide funding for flood victims have not been welcomed by the Insurance Council of Australia…