Innovation needed for growth
27 July 2009
Innovation is the way to go as the industry moves through a period of slow growth and tight margins, according to speakers at the Australian Insurance Summit in Sydney on Friday…
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Queensland threatens maritime convention
27 July 2009
The Queensland Government has rejected an offer by the shipping company responsible for the Moreton Bay oil spill in March…
Cloud hangs over builders’ warranty market
27 July 2009
Uncertainty continues to surround the builders’ warranty insurance market, with major builders holding crisis talks in Melbourne last week…
Actuaries chief heads to Switzerland
27 July 2009
The search is on for a new CEO at the Institute of Actuaries of Australia following the resignation of John Maroney after three years in the position…
Peter Corrigan award winners named
27 July 2009
Two bright young insurance industry stars have been named winners of the Peter Corrigan International Exchange Awards…
NZ quake damage cost rises
27 July 2009
Damage claims from the powerful earthquake off the southwest coast of NZ on July 15 have risen to 1995, costing an estimated $NZ3.66 million ($2.93 million)…
Financial services keeps inflation low
27 July 2009
As news spread that Australia’s inflation rate picked up in the last quarter – but only slightly – the financial and insurance services sector has been blamed for contributing to the low rate…
Cash settlements reveal Black Saturday dilemma
20 July 2009
Insurers are keen to get as far away from the Black Saturday rebuilding efforts as possible before the extent of underinsurance is revealed, a loss adjusters’ seminar was told last week…
Three insurers stay in home warranty market
20 July 2009
The three remaining builders’ warranty insurers have signalled their intention to take on extra capacity after Lumley Insurance and CGU announced plans to depart the market…
Education is the answer: CGU
20 July 2009
CGU has called for a joint industry/government education program to help tackle underinsurance…
Residents spared as big quake rocks NZ
20 July 2009
A powerful earthquake measuring 7.8 on the Richter scale has caused little harm to people or property in the South Island of New Zealand…
Victorian bushfires prompt national warning system
20 July 2009
The loss of 173 lives in Victoria’s February 7 bushfires has led to the formation of a national emergency warning system ahead of the next bushfire season…
Developer gives up case against Vero NZ
20 July 2009
A NZ property developer has abandoned its Supreme Court challenge against insurer Vero New Zealand…
NSW Warren Tickle finalist named
20 July 2009
Mathew Korff of Marsh has been named as NSW finalist in the annual Warren Tickle Memorial Award…
Link between insurances should not be overlooked: lawyer
20 July 2009
Brokers may have to back up the directors’ and officers’ cover of clients with professional indemnity insurance to cover them fully, an insurance lawyer has warned…
Hard market yet to emerge
13 July 2009
An ample supply of capital has delayed the arrival of a hard market, despite rate rises in most general insurance classes, according to a new report…
Second major insurer exits home warranty market
13 July 2009
The privatised home warranty insurance market has been rocked by the withdrawal of CGU, which yesterday become the second insurer in two weeks to announce its exit from the market…
Opportunities arising, says Berkley
13 July 2009
The global property/casualty industry is well situated to take advantage of opportunities arising from the global financial crisis, according to legendary US businessman WR (Bill) Berkley…
Victorian farmers attack insurance taxes
13 July 2009
The Victorian Farmers Federation has weighed into the insurance taxes debate, calling the impost on farmers “a disgrace” and demanding a move to a broad-based funding system…
Oil spill clean-up an insurance nightmare
13 July 2009
Australia’s shipping industry has backed the company involved in the Moreton Bay oil spill in March, hitting out at the Queensland and federal governments over their demand it pay all clean-up costs…