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…
Local
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…
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…
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..?