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…
Local
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…
Bumper repair bills for small cars
11 February 2008
IAG is calling on car manufacturers to improve bumper bar design after crash tests revealed high repair costs even at low speeds…
West takes over at CGU
04 February 2008
Former Vero CEO Duncan West has returned to the upper ranks of the insurance industry as CEO of IAG's commercial arm, CGU Insurance…
Zurich covers flood, but it’s strictly business
04 February 2008
Business insurance policies will automatically include protection against flooding under a change announced by Zurich Australia…
Hail-struck Sydney counts the cost
04 February 2008
The cost of Sydney’s December hailstorms is approaching $400 million…
... and so do Suncorp and IAG
04 February 2008
The Sydney hailstorms have impacted on the bottom lines of major insurers Suncorp and IAG…
Norman to leave Associated Marine
04 February 2008
Associated Marine Insurers MD Adrian Norman will leave the company at the end of this month, with National Marketing Manager Stephen Ford taking over…
HIH’s Ray Williams gets out of jail
04 February 2008
HIH Insurance founder Ray Williams has been released from jail, expressing regret for the $5.3 billion collapse of the insurance giant in 2001…
New insurance protects Australian leadfoots
04 February 2008
In an Australian first, National Underwriting Agencies subsidiary Ezy Insure has claimed an Australian "first" with a new policy covering drivers for alternative transport…
New members on NIBA board
04 February 2008
Victorian insurance broker Graham Stevens has been appointed to the board of NIBA following its AGM in December…
Bowen new insurance man at treasury
11 December 2007
Assistant Treasurer Chris Bowen will be the primary point of contact for the insurance industry…
Sydney hailstorms ‘as severe as 1999’
11 December 2007
Insurers say hailstorms that struck areas in the north and west of Sydney during the weekend were as severe as the epic 1999 hailstorms that swept the east of the city…
Fire services levy hikes for NSW, rural Victoria
11 December 2007
Insurance buyers in NSW and Victoria are being forced to dig deeper to fund the fire services, after another round of fire service levy hikes…
Insurers honouring majority of claims
11 December 2007
Despite a popular image as money-hoarding scrooges, insurers are in fact paying the overwhelming majority of claims, according to new figures released by Insurance Ombudsman…
Family cars lack reversing cameras
11 December 2007
The increasing number of car manufacturers installing rear view cameras as standard in luxury vehicles has been applauded by NRMA Insurance…
Industry waits for cabinet clarity
04 December 2007
Who is the minister in the new Federal Government’s whose responsibility includes the insurance industry…?