Landmark HIH settlement reached
29 March 2010
HIH creditors will recover more of their lost money after liquidator Tony McGrath settled a $450 million claim against the collapsed insurer’s financial advisers and reinsurers…
Local
Liability for poor construction lies with NZ councils
29 March 2010
Councils in New Zealand will be liable for damages caused by shoddy workmanship after a Court of Appeal decision last week…
Cyclone Ului claims trickle in
29 March 2010
Claims are slowly building in the wake of Cyclone Ului, which tore through the Whitsundays and Queensland central coast earlier this month…
Dodgy insulation raises insurance concerns
29 March 2010
GIO has moved to clarify its position following consumer fears that insurers won’t pay out if dodgy home insulation jobs result in a house fire…
Car theft falls 11%
29 March 2010
Car theft continues to steadily fall in Australia, with an 11% drop in the number of cars and light commercial vehicles stolen last year…
Why Wesfarmers likes the insurance business
29 March 2010
Why is Wesfarmers, a conglomerate specialising in resources companies and giant retail operations, investing in the volatile business of insurance..?
Bushfires commission examines insurance issues
22 March 2010
The Victorian Bushfires Royal Commission put insurance under the microscope last week as it considered the central issues of taxes and underinsurance…
Cyclone damage bill ‘not significant’
22 March 2010
Queensland residents are not expected to file a significant number of claims in the aftermath of Tropical Cyclone Ului, according to early estimates…
Claims from Melbourne storm approach $500 million
22 March 2010
A severe hailstorm that battered Melbourne homes, cars and businesses two weeks ago is set to cost the industry more than $500 million…
Fraudsters target victims of Melbourne storm
22 March 2010
Insurers are warning customers affected by the Melbourne storm to beware of fraudsters posing as authorised tradesmen…
Survey highlights renter non-insurance
22 March 2010
A new survey commissioned by GIO shows a 52% non-insurance rate among renters…
Melbourne storm claims roll in
15 March 2010
Insurance claims are mounting up a week after severe storms lashed Melbourne causing widespread damage to cars, homes and commercial buildings…
Wesfarmers adding to over the counter insurance
15 March 2010
Wesfarmers Insurance plans to introduce a private motor offering through its retail operations in coming months, according to Group MD Richard Goyder.…
Brand and image the key risks, says Aon
15 March 2010
Damage to brands and companies’ corporate image remains the key concern for major organisations in the year ahead, according to a new risk management survey by brokers Aon…
Expect soft market to continue: JLT
15 March 2010
A second major broker has decided the soft market is continuing, with Jardine Lloyd Thompson saying there’s little immediate evidence to suggest a sudden market correction…
Steadfast attracts record numbers
15 March 2010
Broker cluster group Steadfast is claiming the biggest conference attendance in the Australian general insurance industry for its convention in Perth, which began on Saturday…
Negligence case ‘poor decision’
15 March 2010
A Sydney widow has been awarded more than $300,000 in compensation after a NSW judge ruled a homeowner’s negligence was partially responsible for her husband’s death…
Forget about rate rises: Aon
08 March 2010
The head of Australia’s largest insurance brokerage has refuted reports that premiums are hardening, instead depicting the coming two years as a buyers’ – not sellers’ – market…
Insurers busy after major storms hit Melbourne
08 March 2010
Melbourne insurance offices have been overloaded with calls from householders and businesses reporting damage to buildings and vehicles after a “supercell thunderstorm” hit Victoria…
Suncorp settles over ACT disaster
08 March 2010
Suncorp has dropped a class action against the ACT Government over the 2003 Black Saturday bushfires after settling for an undisclosed amount…