ICA backs $50,000 ‘fair and compassionate’ bushfire grant
16 March 2009
The Insurance Council of Australia has backed the decision to grant blanket $50,000 payments to all owners of homes destroyed by the Victorian bushfires...
Local
Insurance taxes discouraging, says Lloyd’s chief
16 March 2009
The Victorian bushfires have illustrated the dangers of over-taxing insurance policies, particularly in times of economic recession, Lloyd’s CEO Richard Ward said yesterday...
Insurers escape the wrath of Cyclone Hamish
16 March 2009
Despite reaching the same intensity as the devastating Cyclone Larry of 2005, severe tropical cyclone Hamish last week wandered down the Queensland coast but failed to come ashore...
Credit protection insurance comes under fire
16 March 2009
Consumer organisation Choice has come out with guns blazing against credit protection insurance, calling it a rip-off and a sham...
Hard market is here: Marsh
16 March 2009
Insurance broker Marsh has declared the soft insurance market in Australia is over...
Giant convention delights Steadfast
16 March 2009
The Steadfast annual convention continues to grow, with more than 1550 delegates gathering on the Gold Coast this week...
Insurers holding firm, says KPMG
16 March 2009
Results for Australia’s four large insurers for the six months to December 31 2008 reflect the underlying strength of the sector and positive effect of post-HIH regulation, says...
Insurance disputes rise by a third
16 March 2009
The Financial Ombudsman Service recorded a 45% rise in new disputes across all divisions in the second half of last year...
Climate concern falls but still stronger than economic fears
16 March 2009
Concern for the environment has dropped 20% since 2007 as people shift their focus to Australia’s struggling economy, according to the inaugural Green-Tracker survey...
Workplace fatalities continue to fall
16 March 2009
Latest figures from the Australian Safety and Compensation Council show the number of workplace deaths has fallen more than 25% since 2001 – from 320 to 236 during 2006/07...
AIG restructure: holding clients will test its mettle
09 March 2009
The restructure of AIG in the wake of a $US61.7 billion ($95.8 billion) fourth-quarter loss appears to be providing a more positive way forward for the Australian and New Zealand businesses...
Insurers close in on final bushfire claims
09 March 2009
The insurance cost of last month’s Victorian bushfires now exceeds $1 billion, with about 80% of the loss assessments completed...
ICA non-insurance figures 'misleading'
09 March 2009
The insurance industry has been accused of fudging research figures to highlight non-insurance figures in the wake of the Victorian bushfires...
Cost blowout will delay NZ privatisation
09 March 2009
The NZ Government is unlikely to open state-controlled personal injury accounts in the Accident Compensation Corporation to insurance industry competition in the short term after revealing a $NZ2.6 billion ($2 billion) blowout in costs...
Arrival of hard market is also hard to predict
09 March 2009
Harder market conditions are on the way, but the big question is when they will arrive, according to Marsh GM Placement Services Southern Region, Geoffrey Ferguson...
Bushfire underinsurance adds traction to non-insurance fight
02 March 2009
The insurance industry is demanding state governments act to reverse policies that promote underinsurance and non-insurance...
Bushfire claims continue to mount
02 March 2009
Insurers have processed more than 6750 claims worth $810 million following the Victorian bushfire disaster...
Disasters spark grief and stress among insurance staff
02 March 2009
Insurance workers are feeling the pressure following the Victorian bushfires and North Queensland floods, with the Finance Sector Union reporting high levels of stress in the industry...
Governments to cover bushfire clean up-costs
02 March 2009
The Federal and Victorian governments’ agreement to jointly fund site demolition and clean-up work in areas affected by the Victorian bushfires...
Grain growers question cover
02 March 2009
Policies covering stored grain have come under scrutiny in the wake of last month’s bushfires...