CGU wins its case
04 September 2007
The moral of the story is: always check with the insurer before paying compensation…
Local
Analysts tough on IAG
04 September 2007
Market watchers have savaged IAG following its announcement of a downsized profit for fiscal 2007…
… and KPMG warns on reserves
04 September 2007
Record profits for Australia’s top-shelf insurers are being bankrolled by reserve releases, which is a trend that won’t last, according to the latest industry snapshot by KPMG…
Premium rise could backfire: Deloitte
04 September 2007
IAG’s bold move to bring about a correction on commercial lines could backfire unless consumers are prepared to wear a price increase, Trowbridge Deloitte has warned…
Emerging technology risks unknown: Swiss Re
04 September 2007
Insurers will remain quarantined from emerging energy markets until governments worldwide lay down market blueprints to support low-emissions technologies…
Premium pressure set to continue
04 September 2007
Intense competition and healthy capacity levels combined to push premium rates down over the second quarter of 2007, according to Aon Australia…
Premiums to continue
28 August 2007
Suncorp CEO John Mulcahy says claims that the insurance industry cycle has reached a dangerous low point are unfounded…
Punters – and insurers – hold their breath
28 August 2007
Hundreds of businesses connected with the racing and equestrian industries are checking the fine print on their insurance policies this week…
Allianz raises its stake in Austbrokers
28 August 2007
Allianz Australia has increased its stake in key broker cluster Austbrokers from its current level of 4.9% to 5.1%…
IBD begins code enforcement
28 August 2007
Insurance Brokers Disputes has announced plans for auditing the new Insurance Brokers Code of Practice…
Insurers tip small flood bill
28 August 2007
The damage bill from flooding across southeast Queensland is likely to exceed millions of dollars, but insurers are not concerned about any threat of dramatic losses…
Young brokers undergo judging
28 August 2007
Some of Australia’s brightest young brokers are in Sydney this week attending personal development sessions and judging for NIBA’s Warren Tickle Memorial Award…
Insurers urged to embrace communities
21 August 2007
Insurers must evolve beyond being cash machines for claim cheques to become community citizens, according to Zurich Australia CEO David Smith…
Industry on profit track: S&P
21 August 2007
Insurance industry profits remain bullish but weather-related losses, staff shortages and falling premiums loom as show stoppers, according to global ratings agency Standard & Poor’s…
NSW begins tax review
21 August 2007
The entity charged with reviewing all NSW taxes says the controversial fire services levy on insurance policies will be considered…
Long-tail reform requires light touch: Pearce
21 August 2007
Reforms to long-tail liability laws will be no easy matter as business productivity is balanced against the rights of personal injury claimants…
NZ looks at warranty scheme
21 August 2007
New Zealand house builders have cast doubt on a Government proposal to make them take out builders’ warranty insurance…
IBANZ elects new board
21 August 2007
The Insurance Brokers Association of New Zealand has a new board of directors following its AGM in Wellington on Sunday…
Commercial premiums continue slide
14 August 2007
Insurance premiums are almost certain to continue their four-year slide into the near future, with analysts predicting more pain for insurers in the fiercely competitive domestic market…
CGU under pressure on flood claims
14 August 2007
IAG subsidiary CGU Insurance has copped a media broadside for rejecting claims in Victoria’s flood-ravaged Gippsland region…