ICA flood proposal comes under fire
05 May 2008
Insurers’ proposed industry flood definition is potentially unworkable and could lead to reduced cover for policyholders in flood-prone areas, according to brokers and regulators...
Local
Takeover pressure mounts for IAG board
05 May 2008
IAG is facing intense pressure to open talks with QBE over its proposed $7.6 billion takeover as the offer deadline looms...
Insurers improve IDR but could do better
05 May 2008
Insurers’ internal handling of disputes is improving, the Insurance Ombudsman Service reveals in a survey of its “hotline” callers...
Insurers’ customer service rates well
05 May 2008
Insurers provide good customer service but are viewed by some consumers as interchangeable despite big spending on advertising, according to a survey by software and services…
NZ bad weather hits home premiums
05 May 2008
The Insurance Council of New Zealand is predicting premiums will rise due to the number of costly weather events over the last year...
Reputation tops Aon’s risk table
05 May 2008
Brand and image are the greatest risk concerns for Australian businesses, says leading broker Aon Australia in its latest risk survey...
Flannery warns of ‘uninsurable risk’
05 May 2008
Governments need to take urgent action on climate change to avoid the catastrophic effects of “uninsurable risk”, former Australian of the Year Tim Flannery told…
Work ahead to deal with environmental risks, expert says
05 May 2008
Australia’s decision-makers and scientists need to predict when and where risks such as fire, storms and floods are going to happen so people are better prepared for the inevitable…
Industry receives Gen Y warning
05 May 2008
A social demographer has warned businesses they have to reach out to the younger generation to ensure Australia’s future...
Clean bill of health for medical indemnity premiums
05 May 2008
Premiums for medical indemnity insurance are decreasing and the financial viability of insurers is strong, an ACCC report reveals...
IAG defiant despite downgrades
28 April 2008
IAG this morning downgraded its insurance margin due to wild weather and the subprime credit crunch...
Market debates QBE’s game plan
28 April 2008
QBE’s strategy in its $7.43 billion cash and scrip play for IAG has divided the market, with the timing and substance of last week’s restated proposal leaving many analysts…
It’s not a bid – yet
28 April 2008
Media organisations describing the QBE move as a “bid” are likely to be hearing from IAG, which is insisting journalists get it right...
Allianz boss warns of DOFI loopholes
28 April 2008
Allianz Australia MD Terry Towell has criticised the new direct offshore foreign insurers legislation as a mirage with “loopholes within loopholes”...
Brokers list the things they like
28 April 2008
Claims are No 1 on general insurance brokers’ hit parade, according to Zurich Australia...
Harmer takes up key Lloyd’s role
28 April 2008
Former Aon Australia CEO Peter Harmer has wasted little time in making his mark in the London market...
Insurance representative pushes financial literacy
28 April 2008
Insurance representatives at the Prime Minister’s 2020 Summit have helped come up with some of the Government’s “big ideas”…
IAG: it’s all about the price QBE is prepared to pay
21 April 2008
QBE’s long-expected move on the No 2 local insurer, announced last week, is dominating industry news...
Consumers worried about competition impact
21 April 2008
Consumer groups are worried that a merger of IAG and QBE will increase rates and reduce competition...
QBE and IAG alone on the dancefloor
21 April 2008
QBE is unlikely to face any competition in its takeover bid for IAG, according to analysts...