NZ leaky buildings bill blows out
24 August 2009
The cost of repairing New Zealand's leaky buildings has blown out to $NZ11.5 billion ($9.36 billion) from the previous estimate of $3.6 billion ($2.93 billion)…
Local
Change ‘transforming’ adjusters’ role
24 August 2009
Loss adjusters have transformed their services in the seven years since insurers moved away from a panel system to using single companies, according to a leading adjuster…
Think again on flood cover, says complaints chief
24 August 2009
Insurers refusing to cover properties against flood should reconsider, General Insurance Claims Review Panel Chairman Peter Hardham says…
Double win for Adelaide adjuster
24 August 2009
Emily Hart from Crawford and Company in Adelaide has won the latest annual Syd McDonald Young Adjuster Award and the Charles Buchanan Prize for loss adjusters…
Vero and CGU settle NTI dispute
17 August 2009
Vero and CGU have ended their long-running dispute over joint venture truck insurance specialist NTI by agreeing to continue the partnership…
Victoria’s fire services levy rises again
17 August 2009
Insurance brokers are furious at the latest hike in Victoria's fire services levy which has risen to 84% from 68% for commercial policies in country areas…
Australia adopts new insurance standard
17 August 2009
The Australian insurance market is among the first in the world to adopt a new international data standard that's expected to boost product choice and assist distribution…
CGU stands by One.Tel decision
17 August 2009
CGU is standing by its decision to refuse a directors' and officers' claim in the case of failed phone company One.Tel…
Trust helps fund IBANZ College
17 August 2009
A brokers' educational trust is providing funding to help set up a new training arm for the Insurance Brokers Association of New Zealand…
CTP premiums rise another 8% in ACT
17 August 2009
Compulsory third party insurance premiums in the Australian Capital Territory have risen for the second time this year…
Victoria leads charge as PI for midwives falters
17 August 2009
Two Melbourne hospitals will trial a public home birthing service as Federal Government changes to professional indemnity insurance threaten the option…
Road rage out of control: AAMI
17 August 2009
Driver aggression on Australian roads is increasing, causing concern about the link to collisions…
NZ bans mobile phone use by drivers
17 August 2009
New Zealand has finally got into line with most of the rest of the world by announcing a ban on the use of handheld mobile phones by drivers…
Deloitte survey identifies urgent risks
17 August 2009
Chief risk officers need to address the critical issue of liquidity risk, a Deloitte global risk survey has found…
Entries open for claims scholarship
17 August 2009
Local claims professionals can apply to win a scholarship sponsored by specialist insurance law firm TurksLegal and the Australian and New Zealand Institute of Insurance and Finance…
El Nino returns to worry insurers
10 August 2009
Drier conditions leading to greater insured losses are predicted for this spring and summer as the signs point to an El Nino event developing in the Pacific Ocean…
Claims and credit push industry profit into slump
10 August 2009
Rising claims and widening credit spreads have taken a big toll on insurance industry income, with aggregate net profit falling 61% in the 12 months to December 31…
Shipowner agrees to pay $25 million spill bill
10 August 2009
Swire Shipping has agreed to pay $25 million compensation after its ship the Pacific Adventurer spilled 270 tonnes of oil into Moreton Bay in March…
IBANZ names award finalists
10 August 2009
The Insurance Brokers Association of New Zealand has announced the finalists for its 2009 Insurance Industry Awards…
NIBA advertising campaign on track
10 August 2009
The National Insurance Brokers Association is on track to roll out its $1.8 million national advertising campaign promoting its members…