FOS says check for flood cover
19 July 2010
The Financial Ombudsman Service has warned consumers they may not be covered for flood damage to their home and contents…
Local
Review signals major changes for life insurance
12 July 2010
The Cooper Review of Australian superannuation has proposed significant changes to the delivery of life insurance, aiming to clear up confusion and maximise investor returns…
ANZIIF announces award finalists
12 July 2010
Hot on the heels of Allianz UK winning the British Insurer of the Year awards last week, Allianz Australia has been named as a finalist in the Australian and New Zealand Insurance Industry Awards…
QBE and Calliden uphold SA warranty scheme
12 July 2010
QBE and Calliden have stepped in to ensure the ongoing viability of the privatised builders’ warranty insurance scheme in South Australia following the departure of Vero from the market…
Retailers set to push into insurance
12 July 2010
Retail giants Myer and Woolworths are following Australia Post, Coles and Kmart into the personal lines insurance market…
Lehman Bros and councils go to mediation
12 July 2010
Lehman Brothers Australia and a group of 70 local councils are locked in mediation talks in Sydney in a bid to resolve issues surrounding a $200 million loss suffered during…
Market still soft, says leading broker
05 July 2010
Premium rates will not harden locally while global reinsurance markets remain flush with capital, according to JLT Australia CEO Leo Demer…
APRA releases general insurance data
05 July 2010
The Australian Prudential Regulation Authority has released its latest report on policies and claims for professional indemnity and public and product liability insurance…
Volcano travel claims may still be paid
05 July 2010
Travel insurance claims arising from the intermittent eruption of the Eyjafjallajokull volcano in Iceland might still be recognised – depending on the insured’s ability to foresee the unforseen…
Swiss Re spruiks public-private approach to risk
05 July 2010
Australia’s reluctance to use public-private partnerships to mitigate the risk of natural catastrophes could be set to change following talks between global experts and government authorities…
Broker upset by insurer’s direct-only offer
05 July 2010
A Melbourne insurance broker has criticised Allianz Australia for limiting free motoring benefits to direct insurance customers…
Brits help out in Aussie storm claims
05 July 2010
Allianz Australia MD Terry Towell has revealed how the insurer’s global reach has helped his company to respond to major hailstorms in Melbourne and Perth…
Survey reveals Melbourne car insurance disparity
05 July 2010
A survey of personal lines car insurers by comparison website RateCity has identified a disparity of almost $1000 in rates offered to drivers in Melbourne…
Insurance broking on fast track to hot list
28 June 2010
Insurance brokers have confirmed publicly what they have always suspected privately – their profession is among the hottest in the workforce…
Agencies ‘counter top-heavy industry’
28 June 2010
The emergence of underwriting agencies is helping to counter the “top-heavy” nature of the Australian general insurance market, according to Lloyd’s Asia-Pacific Regional Manager Keith Stern…
Insurance Fraud Hotline nears launch date
28 June 2010
The director of a new private insurance fraud hotline says the service is intended to fill an industry void and is not designed to make money…
Rises ‘rational’ as market hardens
21 June 2010
Insurers have taken a rational approach to a bevy of natural catastrophes this year in setting June 30 renewals, according to insurance brokers…
NZ insurers wary as fraud rises
21 June 2010
New Zealand insurers are casting a more scrupulous eye over claims as cases of car theft and arson continue to show signs of rising…
Calliden departs Victorian builders’ warranty market
21 June 2010
Calliden has announced it will exit the market for builders’ warranty insurance in Victoria, leaving QBE as the last insurer standing…
NZ apartment owners sue for $10 million
21 June 2010
Owners of a Wellington apartment block are seeking $NZ12.7 million ($10.28 million) in damages to repair the complex they say is poorly constructed…