Victoria considers CTP rate cuts
16 February 2009
Compulsory third party insurance rates appear to be headed lower in Victoria – but not in a hurry...
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Insurance & Risk Professional rolls off the press
16 February 2009
New NIBA President Steve Lardner, economist Matt Drennan and a large cast of industry leaders feature in the February/March edition of Insurance & Risk Professional...
WEDNESDAY UPDATE: Bushfires - industry waiting
11 February 2009
As the death toll from Victoria’s bushfires continues to rise amid warnings it could exceed 300, insurance companies and loss adjusters are still waiting to access the affected areas...
TUESDAY UPDATE: Insurers rally in wake of bushfires
10 February 2009
Insurers have mounted a quick response in the wake of the devastating Victorian bushfires, providing affected policyholders with easy access to vital goods and cash...
Victorian brokers brace for bushfire aftermath
09 February 2009
Brokers in country Victoria face a tough week in the aftermath of the devastating bushfires that have killed more than 108 people...
Continuing rain clouds claims outlook
09 February 2009
Floodwaters and the threat of further heavy rain in northern Queensland are making it hard to count the cost...
Insurers may join ACT bushfire litigation
09 February 2009
Insurance companies may join a class action against the ACT and NSW governments over the 2003 Canberra bushfires...
Credit insurance under threat as providers retreat
09 February 2009
The availability of credit insurance is under threat worldwide as major insurers retreat from a surge in unacceptable risk...
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...
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...