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…
28 March 2011
Insurance Council of Australia CEO Rob Whelan will answer brokers’ questions when he appears in a national webcast on Wednesday afternoon…
28 March 2011
Grain co-operative CBH Group has formed a mutual company with broker Willis to offer multi-peril crop insurance in WA…
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…
28 March 2011
The National Motor Vehicle Theft Reduction Council has rushed to reassure motorists that carjackings are not on the rise…
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…
21 March 2011
While many Brisbane businesses had flood cover, brokers are finding more claims are coming in from business interruption policies…
21 March 2011
Negotiations over a standard flood definition are continuing between the Insurance Council of Australia, its members and the Federal Government…
21 March 2011
Marsh NZ has published the name of a third employee killed in the Christchurch earthquake on February 22…
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”…
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…
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…
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…
14 March 2011
Marsh has advised the name of a second employee who died in the Christchurch earthquake…
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”…
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…
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…
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…
14 March 2011
Australia’s increased exposure to class action cases and the availability of commercial litigation funders is continuing to apply pressure to the local directors’ and officers’ insurance market…
07 March 2011
The Insurance Council of Australia has warned its members they must contribute to the creation of a universal flood definition or an “uninformed” Federal Government will do it for them…