Commercial motor rates driven up as claim costs bite
08 December 2008
Upward pressure on commercial motor premiums is continuing as insurers look to pass on surging claims costs...
Local
WA storms reveal flood cover issues
08 December 2008
Hailstorms in southern WA late last month have devastated farms around Esperance and Salmon Gums and again raised issues over flood insurance and underinsurance...
Travel insurers come through for Thai travellers
08 December 2008
Many Australian travel insurers have agreed to cover costs for Australians stranded due to last week’s political unrest in Thailand – despite policy terms that allow them to reject the claims...
Trainers look to brokers for assistance
08 December 2008
A breakaway racehorse trainers’ group is looking at launching its own public liability insurance, describing current cover as less than satisfactory...
IAG executives caught up in Mumbai drama
08 December 2008
Three IAG employees in India to seal a joint venture deal with the State Bank of India found themselves caught up in the Mumbai terrorist attacks...
Smash repairers on attack over preferential deals
08 December 2008
Independent car repairers in NSW have again called on regulators to take action against preferential deals between insurers and repairers, claiming the practice threatens…
Best value car insurers named
08 December 2008
Independent financial information provider Cannex has named AAMI, Budget Direct and CommInsure as the best value car insurers in Australia...
Insurance losses for Brisbane storms top $300 million
01 December 2008
Nearly 260 homes are uninhabitable and another 1300 need major repairs following the November 16-20 Brisbane storms...
Merger plan hiccup as members rebel over loss of ‘insurance’
01 December 2008
A decision to remove “insurance” from the name of the merged British and Australian insurance professional training institutes has drawn international criticism, forcing the merger…
Weakening economy fails to dampen climate concerns
01 December 2008
The global financial crisis has not taken the heat off the desire for government action on climate change, according to research by the HSBC Climate Partnership...
Move fast on D&O, lawyers tell clients
01 December 2008
Law firm Clayton Utz is urging clients to review and lock in their directors’ and officers’ coverage before the market hardens and policy terms are tightened...
Insurance data vulnerable to cyber criminals
01 December 2008
The amount of confidential information the insurance industry is privy to leaves it open to attack from online criminals, according to security solutions provider Symantec...
ANZIIF takes two gongs at industry awards
01 December 2008
ANZIIF has brought home two awards from the Asia Insurance Industry Awards held in Hong Kong last month...
Australian insurers lag behind US in sustainability
01 December 2008
Australian companies are lagging behind their international counterparts when it comes to disclosing information about sustainability in their business operations, a new global survey…
Atradius hits back at ‘retreat’ claims
01 December 2008
Credit insurer Atradius has hit back at reports that credit insurers are axing cover in favour of engaging in individual risk analysis, saying the “vast majority” of customers…
Brisbane storms unfold as insurance catastrophe
24 November 2008
Insurance claims have soared as wild weather ripped through parts of south-east Queensland last week...
‘Taser’ incident threatens ICA lobbying power
24 November 2008
Relations between the insurance industry and the NSW Government reached a low point last week over reports that a meeting between industry representatives and…
Credit insurers withdraw cover as reinsurance rates spiral
24 November 2008
Global credit insurers are withdrawing cover as they face big rises in their reinsurance premiums...
Marine insurance rates to soar as piracy increases
24 November 2008
Pirate attacks are driving up insurance costs around the world, according to local and international reports...
Premiums could rise in indigenous towns
24 November 2008
The “foolish destruction of property” could push up insurance rates in NT indigenous communities, a NT Supreme Court judge has said...