Police investigate sickening CGU mail
22 June 2009
The pungent contents of two small envelopes that drew police and emergency services last week to the CGU head office in Melbourne’s William St have not yet been identified...
Local
PI premium hikes hurt planners
22 June 2009
Financial planners are experiencing professional indemnity premium rises of up to 40%, according to the Financial Planning Association...
Australia keeps lid on swine flu panic
22 June 2009
With Australia building on a dubious reputation as the most swine flu-infected country outside the Americas, the local insurance industry is continuing to watch developments closely...
NIBA seeks clarity on ombudsman terms
22 June 2009
The National Insurance Brokers Association has called on the Financial Ombudsman Service to clarify “conflicting” aspects of its proposed terms of reference...
Fire chief grilled as shortcomings revealed
22 June 2009
The Victorian Bushfires Royal Commission has learned a fire spotter warned of the Marysville inferno three hours before the fatal fire swept through the town on February 7...
Younger Australians show biggest risk appetite
22 June 2009
Australians aged between 20 and 40 are the hungriest for consumer and business risks in the Asia-Pacific region, according to a new survey by Swiss Re...
Brokers to be surveyed on climate change
22 June 2009
Zurich Financial Services and the National Insurance Brokers Association want to know what brokers think about climate change and how it affects them and their clients...
Fraud concern takes shine off car theft data
22 June 2009
Concern about the likely rise in car insurance fraud continues to provide a disturbing contradiction to figures that show the number of vehicle thefts across Australia is continuing to drop...
GIO hoses down flood cover spray
22 June 2009
Suncorp subsidiary GIO has been forced to defend its flood insurance policy after a NSW woman took the story of her rising premium to a local newspaper...
Insurers confident on growth
15 June 2009
Insurance executives from all over the world are expecting growth in the next 12 months, and Australian insurers are even more optimistic than their global counterparts...
Insurance recruitment proves robust
15 June 2009
Insurance staff can rest assured about their ability to move to new jobs...
Councils join in fight to liquidate Lehman Bros
15 June 2009
Local councils have launched another legal battle against Lehman Brothers Australia, with an application to terminate a deed of company arrangement before the Federal Court...
Capacity keeps cap on big business rates
15 June 2009
Marsh Australia says insurers are finding it difficult to secure premium increases for most classes of insurance despite pressure on underwriting margins and balance sheets...
Bushfires royal commission uncovers more lessons
15 June 2009
The Victorian Bushfires Royal Commission has continued to uncover systemic failures in the response of emergency services on Black Saturday...
Complaints to NZ ombudsman rise
15 June 2009
The number of consumer complaints upheld by the NZ Insurance & Savings Ombudsman has risen to 18% of disputed claims from 13% in the space of a year...
New college for NZ brokers
15 June 2009
The Insurance Brokers Association of New Zealand plans to open the doors next January of IBANZ College, a new professional education institution aimed at member brokers...
CTP rates increase 4% in WA
15 June 2009
Compulsory third party insurance premiums for motorists in WA will climb 4% next month to cover losses in the state’s investment portfolio...
Burglary risk 70% higher for renters
15 June 2009
Claims data from RACV Insurance shows rented properties are 70% more likely to be burgled than owner-occupied homes, highlighting the risk to uninsured tenants...
Insurers yet to walk the talk on rates
09 June 2009
Insurers are under increasing pressure to apply across-the-board increases in premiums, but a new report says they’re struggling to make it happen...
Storm wash-up: claim bill rising
09 June 2009
Claims continue to pour in to insurers after last month’s deluge in south-east Queensland and northern NSW, with most claims expected to meet insurers’ provisions for a storm event...