ICA appoints new CEO
15 February 2010
Suncorp insurance executive Robert Whelan is the new CEO of the Insurance Council of Australia…
Local
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…
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…
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…