Ibbotson outlines industry challenges
12 April 2010
The local insurance industry must get to grips with changing technological times, according to QBE CEO Australian Operations Terry Ibbotson…
Local
GIO won’t pursue government over insulation
12 April 2010
Leading personal lines insurer GIO says it won’t pursue the Federal Government to recover claims costs arising from the dodgy home insulation debacle…
Local insurance industry stable: Moody’s
12 April 2010
The stability of Australia’s insurance sector has been confirmed by ratings agency Moody’s…
Court rules against QBE in workers’ comp case
12 April 2010
The High Court has ruled against QBE in a high-profile workers’ compensation case, leaving the insurer liable for more than $350,000…
Councils win court battle against Lehman Bros
12 April 2010
The High Court has paved the way for local councils to pursue failed investment firm Lehman Brothers over their investment losses…
Who owns the customer? NZ Court of Appeal to decide
12 April 2010
A New Zealand High Court stoush between ANZ National and Tower Insurance over a $70 million premium book has moved to the NZ Court of Appeal…
Dramatic rise in Melbourne storm claims
29 March 2010
Insured loss estimates from the Melbourne hailstorm on March 6 have risen 68% in little over a week to $830 million…
Perth storms worst in decades
29 March 2010
Hailstorms that pounded Perth last week have reaped a damage bill of $203 million thus far, insurers say…
Victoria scraps privatised builders’ warranty scheme
29 March 2010
The Victorian Government has followed NSW in axing the privatised builders’ warranty insurance market and will take over the scheme…
Landmark HIH settlement reached
29 March 2010
HIH creditors will recover more of their lost money after liquidator Tony McGrath settled a $450 million claim against the collapsed insurer’s financial advisers and reinsurers…
Liability for poor construction lies with NZ councils
29 March 2010
Councils in New Zealand will be liable for damages caused by shoddy workmanship after a Court of Appeal decision last week…
Cyclone Ului claims trickle in
29 March 2010
Claims are slowly building in the wake of Cyclone Ului, which tore through the Whitsundays and Queensland central coast earlier this month…
Dodgy insulation raises insurance concerns
29 March 2010
GIO has moved to clarify its position following consumer fears that insurers won’t pay out if dodgy home insulation jobs result in a house fire…
Car theft falls 11%
29 March 2010
Car theft continues to steadily fall in Australia, with an 11% drop in the number of cars and light commercial vehicles stolen last year…
Why Wesfarmers likes the insurance business
29 March 2010
Why is Wesfarmers, a conglomerate specialising in resources companies and giant retail operations, investing in the volatile business of insurance..?
Bushfires commission examines insurance issues
22 March 2010
The Victorian Bushfires Royal Commission put insurance under the microscope last week as it considered the central issues of taxes and underinsurance…
Cyclone damage bill ‘not significant’
22 March 2010
Queensland residents are not expected to file a significant number of claims in the aftermath of Tropical Cyclone Ului, according to early estimates…
Claims from Melbourne storm approach $500 million
22 March 2010
A severe hailstorm that battered Melbourne homes, cars and businesses two weeks ago is set to cost the industry more than $500 million…
Fraudsters target victims of Melbourne storm
22 March 2010
Insurers are warning customers affected by the Melbourne storm to beware of fraudsters posing as authorised tradesmen…
Survey highlights renter non-insurance
22 March 2010
A new survey commissioned by GIO shows a 52% non-insurance rate among renters…