Rates must rise if reinsurers are to survive financial crisis
09 February 2009
Reinsurance rates must firm to keep the industry well placed this year, reinsurance experts told last week’s Insurance Council of Australia Regulatory Update seminar...
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WA crop farmers call for multi-peril crop insurance
09 February 2009
Farmers in WA have called for a multi-peril crop insurance scheme following severe weather that has obliterated some harvests...
Survey shows young insurance staff value their careers
09 February 2009
Most young workers in the insurance industry like their job and plan to stick around, a survey by the Australian and New Zealand Institute of Insurance and Finance reveals...
It’s official: commercial premiums are on the way up
02 February 2009
Brokers have confirmed commercial insurance rates are rising significantly...
Brokers continue to dominate commercial lines
02 February 2009
Insurance brokers still monopolise the commercial lines market with a share of 83%, according to the latest JP Morgan Deloitte General Insurance Industry Survey...
Profits will continue to slide
02 February 2009
Australian insurers’ profitability will continue to decline in the short term, according to the JP Morgan Deloitte survey...
CGU wins legal stoush over $20 million D&O policy
02 February 2009
CGU has won the latest round of a legal stoush over a $20 million D&O policy relating to collapsed phone company One.Tel...
Brisbane storm costs continue to rise
02 February 2009
The Insurance Council of Australia has raised the cost of the industry’s share of claims and repair costs from last November’s devastating Brisbane storms...
News website wins appeal in battle over name
02 February 2009
InsuranceNEWS.com.au has won its appeal against an order to change its name...
Top loss adjusters talk merger
07 January 2009
Consolidation at the top end of the loss adjusting sector has taken a big step with the announcement by Freemans Australia and McLarens Young International Australia that they are discussing a merger...
Bank gives Australian insurance sector a tick
07 January 2009
A new report from the bank says Australian equities finished the second half of 2008 more than 30% down on the year, contributing to generally negative investment income across the board...
Batten down the hatches, says ICA
15 December 2008
Weather is set to dominate insurance trends in coming years, with the proportion of weather-related claims increasing more than 250% since 2000...
Lardner takes the reins as NIBA President
15 December 2008
Steve Lardner was elected as NIBA’s President at the association’s AGM on Friday...
Insurance disputes soar as weather and travel risks increase
15 December 2008
Insurance disputes are skyrocketing as severe weather events increase the number of cases coming to the Financial Ombudsman Service...
SES levy passes NSW Parliament
15 December 2008
The new State Emergency Service levy on insurance policies has passed the NSW Government despite opposition from the insurance industry...
Broker group changes name to avoid legal wrangle
15 December 2008
Remember the Regional Insurance Brokers Association? Late last year the Victorian-based group changed its name to the Australasian Association of Insurance Brokers...
SES levy imposes $20 million IT bill on insurers
08 December 2008
The controversial new State Emergency Service levy imposed by NSW on premiums from July 1 next year will cost insurers more than $20 million to change their IT systems...
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...
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...