Christchurch still shaking
31 January 2011
Claims from NZ’s earthquake-stricken Canterbury province have reached nearly 171,000 and continue to rise following more severe aftershocks…
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WA bushfire claims mount
31 January 2011
Residents in the small town of Lake Clifton south of Perth are continuing to count the cost of a bushfire that tore across more than 2000 hectares of land last month, with initial estimates of damage…
Policy is death mine’s best asset
31 January 2011
The receiver of the Pike River Coal mine on NZ’s west coast says the company’s main asset is now its insurance policy, but any settlement with the insurer will probably be “considerably less” than…
Suncorp webcast will advise brokers
19 January 2011
Suncorp will host a webcast forum tomorrow afternoon to allow brokers – especially those in the flood-affected areas – to share their views and ask questions…
Insurers don’t want a national scheme
19 January 2011
Calls for a government-sponsored scheme to provide funding for flood victims have not been welcomed by the Insurance Council of Australia…
Retailers consider claims class action
19 January 2011
Queensland retailers who have been told their claims are not covered may join in a class action, according to United Retail Federation National President Scott Driscoll…
Inquiry will examine flood insurance
19 January 2011
An independent commission of inquiry into the Queensland floods disaster will examine the role of the private insurance industry in providing cover, according to Premier Anna Bligh…
Claims mount as insurers get to work
19 January 2011
The real work for the insurance industry is only just beginning…
Media critical, pollies push for more
19 January 2011
As has been the case in every recent flood in Australia, the different stances on flood cover by different companies has led to a great deal of criticism, with senior politicians and the media weighing in…
Agencies ‘don’t invest in the industry’
13 December 2010
There’s too much capacity in the Australian general insurance market, with a proliferation of underwriting agencies who don’t invest in the industry…
Rain a blessing for some, a curse for others
13 December 2010
Large areas of eastern Australia’s wheat belt have escaped the devastating floods which swept through NSW and Victoria last week…
D&O claims rising as anger spreads
13 December 2010
As the Australian Securities and Investments Commission cracks down on regulatory breaches and more class actions are launched, directors’ and officers’ insurance is coming under increasing pressure…
In Insurance News (the magazine) this month
13 December 2010
It’s back by popular demand – the Insurance News list of the 20 most influential people in the industry…
Insurers prepare for potential cyclone losses
06 December 2010
Queensland personal lines premiums haven’t risen because of the Bureau of Meteorology’s forecast of increased cyclone risk this summer, according to Council of Queensland Insurance Brokers…
Quake rebuild ‘will take years’
06 December 2010
Insurance claims from New Zealand’s Christchurch earthquake could take years to be finalised, with recovery efforts not expected to be finished until August 2013…
Swiss Re expert predicts pain before gain
06 December 2010
The global insurance industry faces a tough year ahead, but insurers will see stronger returns from 2012, a senior Swiss Re economist says…
Qantas loss adds to aviation insurance woes
06 December 2010
Aon has revealed the cost of repairing the Qantas A380 which had an engine failure near Singapore last month will be about $US70 million ($71.7 million)…
Liquefaction no barrier to insurance
06 December 2010
The Insurance Council of New Zealand says claims that residents of the southern city of Dunedin may not be able to obtain property cover because areas of the city are prone to liquefaction…
Insurers worry about drug labs
06 December 2010
Landlords in New Zealand have been warned to be vigilant in checking potential tenants following a 50% jump in claims for damage caused by illegal drug labs…
Insurance cycle theory challenged
29 November 2010
The major natural and man-made events of the past decade have turned the insurance market away from being cyclical, according to Marsh Executive Director Scott Leney…