Local insurers continue to watch Victoria’s growing flood disaster
06 September 2010
The Insurance Council of Australia has declared the weekend’s Victorian floods a catastrophe, with the expectation of millions of dollars worth of damage…
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Insurers have a better half-year
06 September 2010
The Australian general insurance industry recorded strong results in the year to June, with net profit after tax rising to $4.6 billion, up from $2.6 billion in the corresponding period last year…
Locusts threaten crop premiums
06 September 2010
Agricultural insurers could be facing a drop in crop insurance premiums, depending on the impact of this summer’s locust plague…
Businesses lack cover for credit risks
06 September 2010
Despite 20% of Australian businesses experiencing significant financial loss due to debt defaults in the past year, 70% of businesses don’t insure against defaults…
Levy abolition welcomed
06 September 2010
The Insurance Council of Australia says Victorians will enjoy lower premiums immediately after the state’s fire services levy is abolished in 2012…
Critical decisions for FSL collection model
06 September 2010
The Municipal Association of Victoria says deciding the future collection model for the state’s fire services levy will be “critical”…
NZ advised to follow anti-car theft lead
06 September 2010
New Zealand authorities could follow Australia’s lead to reduce the incidence of older cars being stolen, according to National Motor Vehicle Theft Reduction Council…
Levy goes as Brumby accepts findings
30 August 2010
The Victorian Government has agreed to replace the state’s fire services levy with a “progressive property-based” levy…
Industry welcomes scrapping of levy
30 August 2010
The abolition of the fire services levy by the Victorian Government has been given enthusiastic backing by the general insurance industry…
Market stable, says Zurich chief
30 August 2010
The Australian general insurance market is still flat “although it’s not in freefall”, says Zurich Australia CEO David Smith…
Real men see direct market opportunities
30 August 2010
The Australian direct personal lines market isn’t as crowded as some others, says Real Insurance’s new CEO…
Election leads to reform uncertainty
23 August 2010
The various recommendations for reforming the financial services industry are now in the balance as both major parties scramble to gain power…
Industry giants a study in contrasts
23 August 2010
Top two insurers Suncorp and IAG are expected to deliver vastly different results when the pair unveil their end-of-year financials this week…
ICNZ President steps down
23 August 2010
Insurance Council of New Zealand President Ian Foy will step down today ahead of his return to the UK…
Brokers flock to Auckland convention
23 August 2010
As many as 800 brokers and other industry professionals attended the Insurance Brokers of NZ annual Propel convention in Auckland last week, setting a new attendance record…
Customer satisfaction slipping through the net
23 August 2010
Most Australian insurance websites – 75% – are failing to deliver the best possible response times for potential customers, according to software giant Compuware…
Car thefts closer to home
23 August 2010
New research shows more than half of vehicle thefts and car break-ins occur in the owner’s garage, driveway or a nearby street…
QBE wins ANZIIF’s insurer of the year award
16 August 2010
QBE has been named General Insurance Company of the Year at the Australia and New Zealand Insurance Industry Awards…
H1N1 virus risk abates
16 August 2010
The World Health Organisation says the deadly H1N1 swine flu virus has “largely run its course” and is now in the post-pandemic phase…
Union attacks Suncorp pay offer
16 August 2010
Suncorp has hosed down Finance Sector Union criticism of the company for imposing a four-year pay deal on employees with no guaranteed pay increases…