RMIA partners with US counterpart
18 August 2008
The Risk Management Institution of Australasia has partnered with the US-based Security Analysis & Risk Management Association to share information and resources...
Local
French sight mutiny yacht
18 August 2008
New Zealand yacht Air Apparent, which was lost off the country’s north coast in March after its crew mutinied and set off a rescue beacon, has been sighted by a French patrol aircraft…
Zurich launches automatic flood cover
11 August 2008
Zurich Financial Services Australia is the nation’s first insurer to offer automatic flood cover in its commercial insurance policies...
Storms drive up premiums in NZ
11 August 2008
Increased storm activity in New Zealand is pushing up premiums for New Zealanders, according to the Insurance Council of New Zealand...
Suncorp takes out top insurer of the year
11 August 2008
The insurance industry’s finest turned out to see Axa CEO Andy Penn crowned “leader of the year” at the Australia and New Zealand Insurance Industry Awards in Sydney last week...
Employer gets $6.6 million back in record injury payout
11 August 2008
An $18.7 million personal injury settlement for a young NSW process worker has resulted in the employer recovering $6.6 million paid as compensation...
Survey pinpoints key risk factors
11 August 2008
Brand and image are the key risk factors Australian businesses are most concerned with, a new Aon Australia survey on risk management and total cost of insurance risk reveals...
Lawyers pour cold water on flood definition
04 August 2008
Insurance lawyers say the Insurance Council of Australia’s standard flood definition could cause more problems than it will fix...
Big claims expected as NZ counts storms cost
04 August 2008
A series of severe storms that swept New Zealand last week have caused damage expected to cost insurers more than $NZ50 million ($39 million)...
Beechwood: Vero contributes to completion of 900 homes
04 August 2008
Home warranty insurer Vero has avoided a massive claim liability following last week’s sale of folded NSW building firm Beechwood Homes, but has agreed to contribute...
Hawker departs IAG with $1.9m golden handshake
04 August 2008
Former IAG Chief Executive Michael Hawker has departed the insurer with a severance payment of $1.94 million, equivalent to half his annual salary...
Trader’s error wipes QBE from market
04 August 2008
Stockbrokers’ hearts missed a beat last week when QBE Insurance suddenly fell off the ASX 200 index...
IBANZ calls for awards nominations
04 August 2008
As the Australian and New Zealand Institute of Insurance and Finance gets set for its awards gala in Sydney on Thursday, the Insurance Brokers Association of New Zealand is inviting…
High Court supports CGU over PI case
04 August 2008
The High Court has handed down a unanimous decision that a “known circumstances” exclusion in a barrister’s professional indemnity policy set an objective standard...
Barter exchange enters the insurance market
04 August 2008
Cashless trade exchange BBX has launched its own insurance division that will allow clients to barter up to 30% of their premiums...
Brokers win second DOFI deadline extension
28 July 2008
Brokers have been handed a second deadline extension to prepare for new reporting requirements for business placed with direct offshore foreign insurers...
Insurers ‘declining more business’
28 July 2008
Underwriting agencies are dealing with an increased volume of “distressed business” that insurers have declined to renew, according to a leading agency...
Report: insurers feeling pressure at the margins
28 July 2008
Analysts fear insurance claims are rising at a rate above inflation – but they also believe premium growth will double in the next two years...
Finalists named for insurance awards
28 July 2008
Finalists for the annual Australian and New Zealand Insurance Industry Awards have been announced, and there are few surprises...
Insurers await Blacktown hailstorm report
28 July 2008
A report into the December hailstorms in western Sydney has been presented to the NSW Premier’s Department and insurers could know by September how it treats them...