Job losses predicted as the industry looks overseas
30 June 2008
Thousands of Australian insurance jobs will move offshore over the next 20 years as companies centralise operations for efficiency gains, a report into the services sector claims...
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NSW broker criticises insurer’s aggressive pricing
30 June 2008
Leading insurers have been singing in chorus lately about the need to push up premiums to counter falling profits...
Vero defends home warranty insurance
30 June 2008
Vero has defended the quality of last-resort home warranty insurance as a Senate inquiry into the product continues...
Freemans Marine to cover east coast for Lloyd’s
30 June 2008
The marine division of claims specialists Freemans has been appointed a Lloyd’s agent for Sydney and Melbourne, extending the company’s coverage to the whole of the east coast...
Landlord insurance claims on the rise as rent soars
30 June 2008
Landlord claims for lost rent and property damage are expected to rise in the next six months as rents continue to rise in the major cities...
Equipment to help disaster recovery
30 June 2008
The Federal Government has pledged $30 million for new equipment for recovery efforts for disasters such as building collapses and earthquakes...
Claims hammer industry profits
23 June 2008
The insurance industry’s net profit plummeted by more than a third to $3.5 billion for the year ending March 31 as higher claims expenses took their toll, according to…
NZ proposes compulsory third party motor cover
23 June 2008
The NZ Government is a step closer to introducing compulsory third party property motor insurance to combat damage caused by uninsured drivers...
D-day looms for DOFIs
23 June 2008
The insurance industry enters a new era next week as key legislation takes effect restricting the activities of foreign insurers in the Australian market...
Underinsurance rife in NZ
23 June 2008
New Zealanders are taking risks with their futures by ignoring the need to insure adequately, according to local statistics...
Insurers not immune from corporate fraud
23 June 2008
Corporate fraud is a growing problem in Australia and insurers need to promote improvements in risk management to combat the threat, says a fraud expert...
Axe insurance taxes, says NSW regulator
16 June 2008
There’s a strong case for NSW to abolish the fire services levy, the state’s economic regulator revealed in a report last week...
Brokers enjoying a soft landing in renewal season
16 June 2008
Rates are rising, but it’s not the abrupt skyward turn that alarms brokers and infuriates clients...
IAG spruiks coastal property insurance scheme
16 June 2008
IAG has released further detail on a proposed coastal insurance scheme to better protect almost 500,000 Australian coastal properties located within four metres of the high-tide level...
Gisborne quake claims completed
16 June 2008
NZ experts have completed processing claims resulting from the earthquake that shook the city of Gisborne on December 20 last year...
Insurers may foot policyholder protection bill
10 June 2008
Seven years after the collapse of HIH Insurance, the Federal Government’s Financial Claims Scheme may compel insurers to cover the cost of a future failure...
Insurers need to step up to subprime plate: Mulcahy
10 June 2008
Australian insurers and banks need to take a leading role in addressing the lessons of the subprime debacle, says Suncorp CEO John Mulcahy...
Brokers lose out in salary survey
10 June 2008
Underwriters are the big winners in the latest Hays salary survey, which shows little improvement in broker remuneration...
Check D&O coverage: Marsh
10 June 2008
Australian directors involved in overseas expansion need to check the scope of their directors’ and officers’ policies carefully, according to Marsh...
Car theft falls 7%
10 June 2008
Car theft continues to decline across the country, with a 7% fall in thefts in the 12 months to March this year...