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…
Local
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…
UAC learns about members
07 December 2009
A survey of Underwriting Agencies Council members has found they employ a total of about 1800 people, with most agencies employing 10 or fewer staff…
New faces on UAC board
07 December 2009
The Underwriting Agencies Council has welcomed three new board members following its AGM last week…
Beware credit risks, say experts
07 December 2009
Australian managers have limited knowledge on ways to shield their companies from customers defaulting on their credit payments, according to a study by credit data specialist…
Don’t blame risk management for crisis, says RMIA
07 December 2009
The failure to understand fundamental risk management principles and implement sound practices were key factors leading to the global financial crisis…
Small concessions for Kiwi bikers
07 December 2009
Last month’s protest rally by motorcyclists in Wellington has achieved limited results in reducing sharp rate rises proposed by New Zealand’s Accident Compensation Corporation…
Strong dollar, high claims, staff moves squeeze local marine market
07 December 2009
With the global marine insurance industry paddling upstream against the economic downturn, Australia is fighting its own specific battles against the export-suppressing strong local currency…
NRMA Insurance unveils safest cars
07 December 2009
NRMA Insurance has announced a new safety section on its website designed to help consumers choose their next new car…
Finance and insurance firms top quarterly performers
07 December 2009
Small and medium finance and insurance firms recorded the strongest profitability in the last quarter, according to new research by Telstra subsidiary Sensis…
Early claims payment paper leads to US trip
07 December 2009
Claim Solutions director Joe Willis has been awarded the 2009 Australian and New Zealand Institute of Insurance and Finance TurksLegal Claims Scholarship…
ANZIIF denies AICLA merger
30 November 2009
The Australian and New Zealand Institute of Insurance and Finance has denied making a formal merger approach to the Australasian Institute of Chartered Loss Adjusters…
Economic pressure drives increase in business fraud
30 November 2009
Fraud has affected nearly a third of global firms in the past year, with insurance companies among the key targets, according to a report by PricewaterhouseCoopers…
Management liability claims surge
30 November 2009
Management liability claims have surged following the global downturn as staff succumb to white-collar crime and gambling…
Vehicle thefts down, but non-recovery problem lingers
30 November 2009
The theft rate for passenger and light commercial vehicles in Australia continued on a downward path in the September quarter, but profit-motivated non-recoveries continue to…
Jumbo jet firefighter to be tested
30 November 2009
Australia will test a large air tanker for aerial firefighting early next year, during what could be a severe bushfire season…