Bushfire liability could reach $800 million
27 April 2009
Power line failures caused at least six of the February Black Saturday bushfires, with insurers likely to become involved in damages claims worth up to $800 million...
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Insurance Ombudsman calls it quits
27 April 2009
Insurance Ombudsman Sam Parrino has resigned from the new Financial Ombudsman Service, with Chief Ombudsman Colin Neave taking over the role this week...
Uninsured may have died defending homes from bushfires
27 April 2009
A senior claims expert says a lack of insurance may have encouraged some Victorians to make a fatal decision to stay and fight the Black Saturday fires...
HIH liquidator settles for $98 million from General Re
27 April 2009
HIH liquidator Tony McGrath has been given the green light to accept a $98 million settlement from reinsurer General Re in an ongoing process which will take at least another three years to play out...
Hardie case shines light on D&O insurance
27 April 2009
Successful civil penalty proceedings brought by the Australian Securities and Investments Commission against former James Hardie directors and executives are likely to put further pressure...
Drains under scrutiny in wake of Coffs Harbour deluge
27 April 2009
Maintenance of drains is looming as a hot issue on the NSW mid-north coast as the area continues to recover from the March deluge that caused massive damage...
Aon survey shows risk mounting for local businesses
20 April 2009
Aon’s 2008/09 Australasian Risk Management benchmarking survey has confirmed risk is a top concern among businesses looking to survive the financial downturn...
NSW deluge: looks like it’s storm, not flood
20 April 2009
With reports from hydrologists and adjusters still coming in following the NSW mid-north coast deluge in late March, insurers are expected to mostly rule in favour of storm over flood and pay claims...
AIMS kicks off at Coolum
20 April 2009
The insurance conference season is in full swing, with the Austbrokers-IBNA Marketing Services event kicking off last night at Queensland’s Hyatt Coolum resort...
Piracy triggers tenfold premium increases
20 April 2009
A spike in piracy incidents has seen kidnap and ransom insurance premiums increase tenfold since last October, according to Aon Risk Services...
Credit insurance claims continue to soar
20 April 2009
Trade credit insurance claims are continuing to rise, with insurer Atradius and brokers saying the economic downturn is biting hard...
Home warranty up as insurers face client anger
20 April 2009
Home warranty insurers have angered clients by charging up to 45% more for premiums and imposing higher security demands on builders...
Travel insurance booms during economic crisis
20 April 2009
More Australians are buying travel insurance than ever before and instead of foregoing travel are opting for cheaper overseas holidays as the economy weakens...
Hard times likely to fuel lift in motor theft, fraud
20 April 2009
The economic downturn has prompted a warning on the expected rise in motor vehicle theft and related insurance fraud...
Lean year forecast for insurance industry
06 April 2009
Australian general insurers are set for a lean year according to analysts who believe the industry will be hit by falling profits and further job cuts...
Industry praised – but more work ahead
06 April 2009
Aon Risk Services CEO Steve Nevett wants the industry to improve its response to fire, flood and pestilence...
Storm or flood in Queensland and NSW?
06 April 2009
The weekend deluge in south-east Queensland, on top of last week’s flooding on the mid-north coast of NSW, will keep claims specialists busy in the week ahead...
Climate change just one aspect of sustainability, says IAG chief
06 April 2009
IAG CEO Mike Wilkins says his company knows what “sustainability” really means...
AICLA training enrolments soar 45%
06 April 2009
The Australasian Institute of Chartered Loss Adjusters has reported a 45% increase in training enrolments following international efforts to promote its qualifications...
Vero NZ heads for Supreme Court over leaky apartments
06 April 2009
Vero New Zealand will rely on a standard policy exclusion to beat a NZ Supreme Court challenge from a property developer...