Compo dispute spurred attack on TIO
08 February 2010
The man who allegedly firebombed a downtown branch of the Territory Insurance Office in Darwin last week had previously disputed the insurer’s handling of his…
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One year on, most bushfire victims choose cash
08 February 2010
Victims of the Black Saturday bushfires appear to be abandoning their communities in the wake of the $1.1 billion disaster…
Final hurdle in HIH settlement
08 February 2010
Settlement in one of the final HIH Insurance legal actions is being postponed by the demands of a former Arthur Andersen partner to be released from the threat of future legal action…
Gold Coast cops a soaking
08 February 2010
Insurers are already fielding claims after Saturday night’s drenching in Queensland’s southeast, particularly the Gold Coast region where falls of up to 400mm in six hours…
The hard market has arrived
01 February 2010
Insurance premiums are finally marching upwards to avoid a soft market “bloodbath” according to the annual JP Morgan Deloitte General Insurance Industry Survey…
Climate change, recruitment keeps leaders awake
01 February 2010
Brokers and insurers share similar views on the issues affecting insurance in substance, but not importance…
QBE leads broker perceptions
01 February 2010
QBE remains the insurer of choice for brokers, continuing a decade of dominance over its rivals…
New year, new FOS terms of reference
01 February 2010
Insurers and brokers face new dispute rules after the Financial Ombudsman Service marked the new year with the introduction of a unified terms of reference…
Regional neighbours remain a risk
01 February 2010
Credit and political turmoil have coalesced to form a more dangerous world, according to the latest Aon survey measuring global threats…
AAMI forced to withdraw ad attack on NRMA
01 February 2010
AAMI has been forced to withdraw an aggressive outdoor advertising campaign taking aim at personal lines competitor NRMA Insurance…
More softness to come, says Marsh
14 December 2009
Australia’s commercial insurance market has not hardened across the board as expected, and rates seem unlikely to rise soon, according to a new report from mega broker Marsh…
Cost of capital concerns Australian insurers
14 December 2009
Australian insurers have identified the cost of capital as a key concern over the next three years, a KPMG survey has revealed…
Beware regulatory reaction, says Zurich chief
14 December 2009
Australia’s robust regulatory regime helped Australia weather the worst of the global financial crisis, but there is a danger the regulatory pendulum will swing too far the other way…
Hall of Fame nominates O’Halloran
14 December 2009
QBE Group CEO Frank O’Halloran has been named as a finalist for the US-based International Insurance Society’s 2010 Insurance Hall of Fame…
Atradius confirms trade credit market is still tight
14 December 2009
A surge in trade credit insurance claims that accompanied the global financial downturn may be nearing an end, according to major insurer Atradius…
Broker expects fewer cyclones than normal
14 December 2009
Reinsurance broker Guy Carpenter is expecting a milder than normal cyclone season for Australia in the year ahead…
Vero steps in after Victorian building firm folds
14 December 2009
Builders’ warranty insurer Vero has again been called into action after Victorian building firm Paulding Constructions entered administration this month…
Poor car choice killing young drivers
14 December 2009
The selection of old and unsafe cars is killing young drivers on Australian roads, according to Monash University research…
Tort reform leads to 27% drop in public liability rates
07 December 2009
Tort law reforms have resulted in a 27% fall in public liability premiums within the past five years, according to the Insurance Council of Australia…
Climate challenge demands ‘innovation and courage’
07 December 2009
The insurance industry can rise to the challenges of climate change but not without innovation and courage, says Jardine Lloyd Thompson’s Asia-Pacific Executive Chairman…