Premiums to rise if severe weather continues
17 March 2008
Insurers may have to raise premiums if they decide Australia’s severe weather events are the result of permanent weather change...
Local
Taskforce: Mackay homes repaired by Christmas
17 March 2008
Residents of more than 4000 flood-damaged homes in Mackay have been told their homes will be habitable by Christmas...
Consolidation going global: Hawker
17 March 2008
The impact of the new Solvency II legislation in Europe will lead to massive global consolidations in the insurance industry, according to IAG CEO Mike Hawker...
Car theft falls 8%
17 March 2008
Car theft in Australia declined 8% last year with big decreases in Tasmania and the ACT...
Real estate group launches landlord policy
17 March 2008
The Real Estate Institute of Victoria has launched its own insurance cover to protect landlords against dodgy tenants...
Steadfast strengthens role, centralises back office
10 March 2008
Major broker cluster group Steadfast will become a more familiar name in the wider Australian community following members’ agreement at the weekend to “push” the brand…
Industry silence greets Zurich’s flood initiative
10 March 2008
If Zurich Australia CEO David Smith was looking for industry support for his initiative to offer flood insurance to all policyholders, he didn’t get it this morning at the Steadfast Convention…
Three more years for Kelly
10 March 2008
Steadfast Chairman Robert Kelly has undertaken to spend three more years running the cluster group...
Open data standards move closer
10 March 2008
A meeting in Sydney last week has set the scene for the future introduction of open data standards in the Australian insurance market...
Club Marine sails into NZ market
10 March 2008
Insurance in New Zealand’s booming boating industry has become more competitive with the launch last week of an intensified effort by Allianz-owned Club Marine to grab a bigger share…
HIH judge sets witness deadline
10 March 2008
The NSW Supreme Court has given the HIH liquidator three weeks to provide a final list of key witnesses in its case against several companies and identities...
Cambridge beats CGU to key WorkCover contract
10 March 2008
Claims management provider Cambridge has replaced CGU to manage workers’ compensation for 1400 staff of the Victorian WorkCover Authority…
Shop around for best insurance deal: Choice
10 March 2008
Consumer magazine Choice has advised readers to compare prices and read a few similar policies to ensure they get the best deal in personal lines insurance...
AAIB adds Qld broker
10 March 2008
The Australasian Association of Insurance Brokers has picked up its first Queensland member with the addition of Master Builders Insurance Services...
Sports Underwriting Australia launches footy tipping comp
10 March 2008
Sports Underwriting Australia is offering armchair AFL punters a $10,000 prize kitty in its new footy tipping competition...
Hawker hangs on as the Big Three disappoint
03 March 2008
Insurance is in the news this week for all the wrong reasons, with the three largest local listed players failing to meet their profit expectations thanks to a steep rise in weather-related claims…
Milliner says market has already turned
03 March 2008
The insurance cycle has already started turning up, according to Suncorp's Group Executive Commercial Insurance Mark Milliner.
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.
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.