Broker Co-op names directors
13 September 2021
Independent cluster group Broker Co-op has completed its registration and named its first board of directors...
Local
Strata report reveals scale of tax burden
13 September 2021
More than a quarter of strata premiums went to government taxes such as GST and stamp duties, according to a report commissioned by peak body Strata Community Association...
ICA seeks border action as disaster season looms
13 September 2021
Australia’s governments need to put arrangements in place ahead of summer to allow the insurance sector to respond to natural disasters around the country, with current border restrictions hindering movement, the industry has warned...
NZ July storm insured losses top $117 million
13 September 2021
Insured losses from storms that left a raft of damage across much of New Zealand in July have reached at least $NZ122 million...
Second BI test case opens with Townsville pub claim
06 September 2021
The Insurance Council of Australia second business interruption case has started in the Federal Court today with a focus on a claim lodged by The Taphouse craft beer bar and restaurant in Townsville...
Householder class 'a major challenge' for insurers
06 September 2021
Year-on-year premium increases have not been enough to restore profitability in householder insurance, actuarial consultancy Taylor Fry warns in its latest Radar report...
Path out of lockdown backed by largest insurers
06 September 2021
Allianz, IAG, QBE and Suncorp are among major Australian companies to sign an open letter published in daily newspapers calling for governments to “stay the course” on an agreed pathway out of COVID-19 lockdowns...
Lockdowns add to workplace mental health challenges
06 September 2021
Employees are feeling the emotional toll of lockdowns, with more than two in three struggling to find a balance between work and personal space since the start of the pandemic, according to Allianz Australia...
The Star BI claim set for appeal battle
06 September 2021
The Star Entertainment Group is appealing a Federal Court business interruption decision that found the casino operator was not covered for losses resulting from COVID-19 restrictions...
Insurers urged to reassess investment strategy
06 September 2021
Investment consultancy Frontier Advisors says it is time for general insurers in Australia to consider a change in strategy, by stepping up their focus in other asset classes such as unlisted infrastructure to improve investment returns...
EQC CEO Sid Miller departs
06 September 2021
CEO of New Zealand’s Earthquake Commission (EQC) Sid Miller will vacate the role in March...
West Auckland cleans-up flood damage amid lockdown
06 September 2021
Insurers are working to complete urgent repairs and are moving ahead with claims processes amid tight COVID-19 restrictions following severe flooding that hit West Auckland last week...
Industry achieves $1 billion profit
30 August 2021
The general insurance industry made a net profit after-tax of $1 billion for the year to June 30, according to a regular update from the Australian Prudential Regulation Authority...
Code compliance committee urges brokers to focus on culture
30 August 2021
The percentage of subscribers who self-reported code breaches fell to 44% in the 2020/21 financial year from 51% in the prior period, according to the latest report from the Insurance Brokers Code Compliance Committee...
ICA supports government-funded COVID-19 vaccine scheme
30 August 2021
The Federal Government will fund a COVID-19 vaccine indemnity scheme following consultations with groups including the Insurance Council of Australia, Australian Medical Association and Australian Chamber of Commerce and Industry...
ICA second BI test case set to start next week
30 August 2021
The Insurance Council of Australia second business interruption test case is set to start next Monday in the Federal Court after it was delayed by a week to allow more time to gather information...
Number of Asia-Pacific deals dives to lowest in a decade
30 August 2021
Expectations for a robust half of mergers & acquisitions in the Asia-Pacific region were frustrated during January-June by a high regulatory bar in some jurisdictions, law firm Clyde & Co says, with prospective acquirers facing higher solvency requirements...
Motor thefts drop to lowest in two decades
30 August 2021
Motor vehicle thefts fell 15% to 47,803 in the year to June, Australia’s lowest rate of that crime since 2001/02...
Australian Press Council clears SMH Nagle articles
30 August 2021
The Australian Press Council has ruled a series of 25 articles published by the Sydney Morning Herald related to icare and its former CEO John Nagle did not breach standards...
South Queensland, north NSW/WA at greatest spring fire risk
30 August 2021
While most of Australia is rated as having normal bushfire potential during spring, the Australasian Fire and Emergency Services Authorities Council warns that residents should be alert as destructive and deadly fires can still occur...