Warranty needed to plug NZ’s leaky buildings crisis
04 October 2010
A new home warranty scheme is needed in NZ to prevent a replay of the leaky buildings crisis, according to a lawyer for claimants…
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$19 million payout after stadium roof collapse
04 October 2010
NZI has settled a $NZ25 million ($19 million) claim from the operators of Stadium Southland in the southern city of Invercargill, after the stadium’s roof collapsed following a snowstorm on September 18…
Premiums growing despite competition
27 September 2010
Insurance premiums on personal lines products have increased despite more market competition from new players, KPMG says in its latest report on the general insurance industry…
Insurers escape big bills from bad NZ weather
27 September 2010
As New Zealand continues to pick up the pieces after the Christchurch earthquake the country has been battered by a week of destructive weather – and it isn’t over yet…
WA fire victims wait on talks
27 September 2010
Compensation for victims of bushfires at Toodyay, 85km northeast of Perth, may be sought through the courts unless negotiations between the WA Government, Western Power and…
Quake insurers unlikely to exceed reinsurance limits
20 September 2010
Most insurers with claims from the Christchurch earthquake will not exceed their reinsurance limits, according to a new report on the event by Aon Benfield…
Super funds to offer general insurance
20 September 2010
Another personal lines channel is opening up the rush to find new distribution bases, with QBE to supply online general insurance products to industry superannuation fund members…
Investor wants his HIH money back
20 September 2010
An investor who spent $7.2 million of his family company’s money on HIH shares a few months before the giant insurer collapsed in March 2001 kept buying…
Locust threat growing
20 September 2010
The first locust hatchings have been reported in Victoria, with reports of swarms now forming in central Queensland…
NZ quake costs still unknown
20 September 2010
As the state of emergency lifts and the number of aftershocks decrease, a clearer picture of the damage from the September 3 Christchurch quake damage is emerging…
Modellers say NZ quake will hit $4.8 billion
20 September 2010
The final cost of the Christchurch quake could be as high as $NZ6.18 billion ($4.8 billion), catastrophe modellers have claimed…
NZ Government fast-tracks quake claims
20 September 2010
The NZ Government wants insurers to fast-track the processing of claims following the Christchurch earthquake, although the industry says that all it can do is being done…
Tower and ANZ settle client ownership dispute
20 September 2010
NZ’s Tower Insurance and ANZ National Bank have settled their long-running dispute over client ownership…
Pressure mounts on NZ loss adjusters
13 September 2010
New Zealand’s loss adjusters face being overwhelmed by the number of claims stemming from the Christchurch earthquake…
Insurers face business interruption claims deluge
13 September 2010
The NZ insurance industry is facing a big number of business interruption claims following the Christchurch earthquake…
Victorian floods claims reach $20 million
13 September 2010
The Victorian floods have resulted in 5000 claims worth $20 million, according to figures released to insuranceNEWS.com.au this morning by the Insurance Council of Australia…
Flood cover quandary stupid: CEO
13 September 2010
A leading insurer says it’s time the industry took the initiative on flood insurance, rather than letting lawyers set the agenda…
Small businesses ignoring risk, says Day
13 September 2010
Small businesses are increasingly aware of the value of insuring, but too few are still taking out adequate cover, according to Suncorp Commercial Insurance CEO Anthony Day…
NSW quiet on FSL reform
13 September 2010
Abolition of the fire services levy does not appear to be on the agenda of the NSW Government or of the Opposition…
NZ insurers move fast after quake disaster
06 September 2010
The New Zealand insurance industry is braced for costs in the hundreds of millions of dollars following Saturday’s devastating Christchurch earthquake…