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...
Local
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...
Brokers give insurers a spray about flood rulings
09 June 2009
While insurers continue to count the cost of heavy rain in south-east Queensland and northern NSW, “flood versus storm” claims disputes are flaring further south on the NSW mid-north coast following the deluge in late March...
Local insurance jobs market defies global downturn
09 June 2009
Insurance sector salaries have mostly stabilised, but careers are continuing to flourish in Australia despite the global financial turmoil, according to specialist recruitment firm Hays...
CTP premiums to rise in Tasmania
09 June 2009
The Tasmanian Government’s Prices Oversight Commission has recommended an increase in compulsory third party motor insurance premiums – the first in five years...
Bushfire clean-up ahead of schedule
09 June 2009
Recovery work following the Victorian bushfires is more than two months ahead of schedule, with more than 2000 properties now cleared of debris...
Mobile phone ban looms for NZ drivers
09 June 2009
New Zealand motorists are soon to lose the right to talk and even text from their mobile phones while driving...
Pet insurance climbs in line with vet bills
09 June 2009
As Australians look to save wherever they can, pet owners are reacting to high medical bills by buying insurance for their household animals...
Insurers likely to invoke ‘storm’ measures
01 June 2009
Insurers will probably cover the cost of most water-damaged properties in south-east Queensland and northern NSW with claims forecast to meet existing terms for storm cover...
Creditors agree to ‘disappointing’ Lehman Bros deed
01 June 2009
Local councils that invested millions with Lehman Brothers Australia will receive between 2-13 cents in the dollar for losses they incurred after creditors last week agreed to...