Cyclone damage bill ‘not significant’
22 March 2010
Queensland residents are not expected to file a significant number of claims in the aftermath of Tropical Cyclone Ului, according to early estimates…
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Claims from Melbourne storm approach $500 million
22 March 2010
A severe hailstorm that battered Melbourne homes, cars and businesses two weeks ago is set to cost the industry more than $500 million…
Fraudsters target victims of Melbourne storm
22 March 2010
Insurers are warning customers affected by the Melbourne storm to beware of fraudsters posing as authorised tradesmen…
Survey highlights renter non-insurance
22 March 2010
A new survey commissioned by GIO shows a 52% non-insurance rate among renters…
Melbourne storm claims roll in
15 March 2010
Insurance claims are mounting up a week after severe storms lashed Melbourne causing widespread damage to cars, homes and commercial buildings…
Wesfarmers adding to over the counter insurance
15 March 2010
Wesfarmers Insurance plans to introduce a private motor offering through its retail operations in coming months, according to Group MD Richard Goyder.…
Brand and image the key risks, says Aon
15 March 2010
Damage to brands and companies’ corporate image remains the key concern for major organisations in the year ahead, according to a new risk management survey by brokers Aon…
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…
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…