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…
Local
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…
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…
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…