NRMA Insurance rolls out flood cover
29 June 2009
NRMA Insurance has introduced flood cover on domestic policies in NSW, the ACT and Tasmania, promising to cover 98% of those regions at minimal extra cost...
Local
Losses forcing rates to harden: JLT
29 June 2009
Big losses in some insurance lines are forcing insurers to impose sharp increases in premiums, according to a report by major broker Jardine Lloyd Thompson...
Kiwi fruit growers caught short by hailstorm
29 June 2009
NZ kiwifruit growers whose crops were wiped out in hailstorms just before harvest last month are looking to their peers for support because hardly any of them have insurance...
Two insurers recognised in business awards
29 June 2009
IAG has won an award for innovation in the annual Australian Business Awards, while Budget Direct has received a gong in the “best value” category for its comprehensive car insurance policy...
Australia keeps lid on terror: broker report
29 June 2009
With a regular review of the need for the Australian Reinsurance Pool Corporation due to be released tomorrow, the country’s drive to control terrorism threats have been noted in a new report...
Black Saturday compared to wartime bombings
29 June 2009
A bushfire expert has told the Victorian Bushfires Royal Commission the intensity of the February 7 blazes was comparable to World War II bombings...
No specific insurance focus in big climate study
29 June 2009
Researchers setting up a major three-year climate change study in south-east Queensland don’t expect to use much data from insurance companies to reach their conclusions...
Insurance gender pay gap widens
22 June 2009
Women working in insurance are earning 28% less than men, according to the Australian Bureau of Statistics’ latest employee earnings figures...
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...
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...