Online revolution provides challenges
08 March 2010
Technology, commoditised insurance products and threats to one-on-one business relationships provided a thread of concern at a Melbourne breakfast seminar examining the state of…
Local
Floods threaten threaten towns
08 March 2010
Insurers are counting the cost of extensive flooding in southwest and southeast regions of Queensland through last week, and Premier Anna Bligh has called on them to…
Former AAMI boss takes seat on FOS board
08 March 2010
Former AAMI CEO Robert Belleville has been appointed as a director of the Financial Ombudsman Service, replacing former Insurance Council of Australia CEO Kerrie Kelly…
Marsh courts brokers for expanded platform
01 March 2010
Mega-broker Marsh is building its footprint in the SME market by offering a new online insurance product and placement platform for select regional and metropolitan brokers…
Queensland WorkCover on life support
01 March 2010
Queensland’s state-run workers’ compensation scheme is teetering on the brink of financial ruin, forcing Parliament to consider raising premiums to stabilise its balance sheet…
HIH compensation to proceed
01 March 2010
Creditors of HIH Insurance will finally be able to access compensation for the botched 1998 takeover of FAI Insurance following a backdown by one partner of its former auditing firm…
Technology is insurance’s double-edged sword
01 March 2010
Insurers and brokers must keep pace with technological change to stay competitive, but not at the expense of client relationships, a senior Suncorp figure has warned…
Research highlights driver texting danger
01 March 2010
Research by NRMA Insurance has revealed drivers who text while driving spend almost 70% of the time looking at their phone instead of the road…
Henry review ‘once in a generation’ shot at tax reform: Wilkins
22 February 2010
IAG CEO Mike Wilkins has delivered a rare public censure of insurance levies as pressure mounts on state governments to drop the fire services levy system…
Victoria unprepared for second Black Saturday
22 February 2010
A repeat of last year’s deadly Black Saturday bushfires in Victoria is imminent unless resources are immediately poured into staffing, controlled burns and contingency plans…
No legal action planned on gutters, says NRMA
22 February 2010
NRMA Insurance has distanced itself from a media report that it may sue over damage attributed to high-fronted roof guttering…
Insurers warned over NZ’s ACC
22 February 2010
Protests against higher levies and other changes to New Zealand’s national accident compensation scheme are focusing on the potential for the private sector to take it over…
Insurers fight two fronts in fraud war
22 February 2010
An emphasis on detecting insurance scams could leave underwriters and brokers exposed to internal fraud, a leading risk analyst claims…
In Insurance News (the magazine) this month
22 February 2010
Rates are rising, but how fast? And what are the pressures pushing premiums up and down..?
ICA appoints new CEO
15 February 2010
Suncorp insurance executive Robert Whelan is the new CEO of the Insurance Council of Australia…
Tradies fear builders’ warranty vacuum
15 February 2010
Victorian builders are the latest to voice alarm at Vero’s decision to stop writing builders’ warranty insurance…
Stable outlook forecast for brokers
15 February 2010
“Flat to slightly improved” financial outcomes are the tip for most Australian insurance brokers in the near future, while New Zealand brokers are finding the going a little harder…
Commodore is number one for thieves
15 February 2010
New figures show Holden’s VT Commodore (1997-2000) tops the list on volume and total value for profit-motivated car thefts in Australia, but Toyota Landcruisers are also…
Vero drops builders’ warranty insurance
08 February 2010
Australia’s largest provider of builders’ warranty insurance has announced it is pulling out of the market, evoking fresh memories of the post-HIH coverage crisis…
Insurers hiding behind anti-levy campaign, say lawyers
08 February 2010
A year on from Victoria’s tragic Black Saturday bushfires, a coalition of consumer groups says insurers need to take their share of the blame for underinsurance…