CGU boss calls for fire services funding reform
26 July 2010
CGU CEO Duncan West wants the Victorian Government to overhaul the way fire services are funded, slamming the existing system as “grossly unfair”…
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Increased complaints boost FOS numbers
26 July 2010
The Financial Ombudsman Service is looking for more staff, including risk insurance specialists, to handle a growing number of complaints…
Kerrie Kelly departs ABI after five months
19 July 2010
Former Insurance Council of Australia CEO Kerrie Kelly has stepped down from running the Association of British Insurers after just five months in the job…
General insurance progress slower but steady
19 July 2010
The general insurance industry is making slow but steady progress, with profitability well away from the halcyon days of 2003-07, according to a report by actuarial consultants Finity Consulting…
Broking legend Frank Earl dies
19 July 2010
Friends and colleagues from around the world today farewelled one of Australia’s most highly regarded insurance brokers, Frank Earl, who died last week…
June renewals reveal soft market conditions
19 July 2010
Soft market conditions dominated the June renewal season, with discounts generally available across the commercial portfolio, according to major broker Marsh…
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…
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…