Mackay claims rise to $163 million
03 March 2008
The Insurance Council of Australia (ICA) has revised the estimated insured losses of the Mackay floods to $163 million as claims continue to mount two weeks after the event.
Local
Still no deal on NTI transition
03 March 2008
IAG says it's "in dispute" with Suncorp over the acquisition of the outstanding 50% of leading truck insurer NTI.
ANZIIF announces new board
03 March 2008
The Australian and New Zealand Institute of Insurance and Finance's (ANZIIF) new board contains a mixture of "new blood and experience", according to CEO Joan Fitzpatrick.
Cluster conference season gets under way
03 March 2008
Steadfast's 10th annual convention kicks off in Adelaide on Saturday, with more than 1300 delegates booked in to attend. Local and international guest speakers will feature in a program covering business, insurance and general interest topics.
West supports CGU premium hikes
25 February 2008
CGU will continue to increase rates across selected commercial and personal lines, says newly installed CEO Duncan West.West supports CGU premium hikes…
Mackay claims on the rise
25 February 2008
A week after the Mackay floods, the Insurance Council of Australia has put claims at $128 million, with about 9500 claims received so far…
New UAC chairman comes out fighting
25 February 2008
Newly appointed Underwriting Agencies Council Chairman Martin McAvenna has issued a bullish defence of his members' role in the insurance industry…
NZ earthquake damage bill rises
25 February 2008
The damage bill from New Zealand's Gisborne earthquake has topped $NZ45 million ($39.2 million) and is still rising…
Kiwi broker saddled with problem
25 February 2008
A NZ jockey has allegedly attempted to blackmail a local insurance broker over a $NZ100,000 ($87,000) bonus…
Insurers take a positive line on flooded Mackay
18 February 2008
As Mackay cleans up after last week's freak downpour, insurers are showing signs of taking an open attitude to claims…
Zurich won’t bend to industry on flood: Smith
18 February 2008
The insurance industry's failure to tackle flood cover is "ridiculous" and exposes a lack of leadership, Zurich CEO David Smith says…
Insurers sign on to Iemma’s taskforce
18 February 2008
Insurers are falling into line with NSW Premier Morris Iemma's tough stance on repairs to western Sydney homes damaged in a December 6 hailstorm…
Too much regulation, not enough talent ‘holding Australia back’
18 February 2008
Australia's financial services sector is in danger of falling behind other countries in the region, says IAG Head of Government and International Relations Nola Watson…
Iemma threatens to “name and shame” insurers
11 February 2008
NSW Premier Morris Iemma has given insurers until today to avoid a “name and shame” campaign from the State Government…
Industry on back foot over repairs
11 February 2008
As Premier Iemma appoints a recovery expert and beefs up emergency services for western Sydney residents still living under tarpaulins, one thing is obvious…
Rate hike threatens insurance demand
11 February 2008
Rising interest rates threaten to slash demand for personal lines insurance as householders try to meet spiralling mortgage payments…
Oz liability rates bottom of class
11 February 2008
Australian liability rates are the lowest in the world, a Marsh survey reveals…
Rates to continue downward plunge
11 February 2008
Premiums in commercial lines will continue to fall this year, according to a snap poll of industry analysts conducted by insuranceNEWS.com.au…
Brokers told to accept some blame
11 February 2008
Brokers must bear a share of the responsibility for falling rates, says retiring Underwriting Agencies Council Chairman Murray Rogash…
QBE, Beaconsfield continue mine payment stoush
11 February 2008
Beaconsfield Gold and insurer QBE will contest a $45.5 million payout in the Court of Appeal, two years on from the Tasmanian mine collapse that sparked the claim…