Uninsured quake claims to grow
14 February 2011
NZ’s Earthquake Commission has rejected more than 500 claims from the September Canterbury quake because the claimants weren’t insured…
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Review before you renew car cover: Choice
14 February 2011
A car insurance survey by consumer magazine Choice advises buyers to “shop around” before renewing…
Builders’ scheme ‘a farce’
14 February 2011
A builders group has branded the Victorian builders’ warranty insurance scheme a farce after insurer Calliden announced it would remain in the market…
800 properties affected by Yasi
07 February 2011
At least 150 properties in North Queensland have been destroyed by Cyclone Yasi and 650 significantly damaged, according to the Insurance Council of Australia…
Bushfire destroys 41 homes, flood hits city
07 February 2011
While Cyclone Yasi and the Queensland and Victorian floods have dominated national attention over the past week, major catastrophes in WA and Melbourne at the weekend have added to the nation’s woes…
Flood: Aon Benfield puts bill at $10-20 billion
07 February 2011
Reinsurance broker Aon Benfield has estimated the damage from the floods in Queensland, Victoria and NSW could reach $20 billion, making it the costliest natural disaster in Australian history…
Flood: Marsh pushes for pool
07 February 2011
The Insurance Council of Australia is dead against it, but that hasn’t stopped giant broker Marsh calling on the Federal Government to consider introducing a flood reinsurance pool similar to the successful…
Flood: more mitigation needed, says Suncorp chief
07 February 2011
Suncorp Group CEO Patrick Snowball has declined to speculate on suggestions that insurance premiums in Queensland could rise by 30%, but says more work needs to be done on risk mitigation…
Flood: delays stretch policyholders’ patience
07 February 2011
Brisbane insurance brokers say delays in claim approvals are inevitable given the scale of the Queensland floods…
Flood: ICA to talk to communities
07 February 2011
The Insurance Council of Australia is fronting up to flood-affected Queensland from tomorrow when it joins the Financial Ombudsman Service and Queensland Legal Aid in a series of community…
Loss adjusters stretched
07 February 2011
Loss adjusters are calling in reinforcements from Canada, the UK, Asia and the US to cope with the growing barrage of claims from the Queensland and Victorian floods and Cyclone Yasi…
Tropical strata cover difficult to find
07 February 2011
Strata insurance in north Queensland is becoming “almost impossible to place” amid severe price hikes and an unwillingness by underwriters to cover high-value properties…
Two years on, most Victorian bushfire claims settled
07 February 2011
Today is the second anniversary of Victoria’s Black Saturday bushfires, and all but a few of the 10,280 claims that resulted have been settled…
Full-price premium offers protection
07 February 2011
NZ insurers have been slammed for trying to “protect their customers” after several in earthquake-ravaged Christchurch and the surrounding Canterbury region received full-price premium renewals…
NZ clients worry about disasters
07 February 2011
Natural disaster disruptions have rocketed to the top of the list of concerns for NZ businesses, according to the latest Marsh risk survey…
Flood: Shorten aims for cover changes
31 January 2011
Assistant Treasurer Bill Shorten will sit down with insurance industry leaders in Sydney on Thursday to find ways to make flood insurance more commonly available…
Flood: too early to predict Queensland cost
31 January 2011
Claims from the Queensland floods are expected to exceed $1.5 billion – but this doesn’t include claims from mining and heavy industrial sectors, which are expected to be massive…
Flood: Victorian claims mount
31 January 2011
Claims related to the Victorian floods have so far reached $69 million, the Insurance Council of Australia reported today…
Flood: brokers brace for backlash
31 January 2011
Brokers are bracing for legal actions from flood-affected policyholders who claim they weren’t informed they were not covered…
Flood: reinsurance under pressure after floods
31 January 2011
While reinsurance has sheltered insurers from the very worst of Queensland’s floods claims, treaties are now almost certain to rise, according to the world’s largest reinsurer…