Travel disputes keep AFCA busy
18 November 2019
Travel claims are the leading cause of general insurance disputes since October 1, when the Australian Financial Complaints Authority began naming companies in its rulings...
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NSW declares emergency amid 'catastrophic' fire conditions
11 November 2019
NSW Premier Gladys Berejiklian today declared a seven-day state of emergency amid warnings the bushfires ravaging the state’s north coast are set to worsen in the next 24 hours...
ICA set for talks on guaranteeing lowered premiums
11 November 2019
The Insurance Council of Australia will meet federal ministers this week to discuss the possibility of signing agreements that guarantee premium reductions if certain mitigation measures are carried out...
Finity predicts increased competition in SME space
11 November 2019
Increased competition in the SME product space means rates for business packages will be fairly flat, according to a Finity market report prepared for the Steadfast broker network...
Kiwis’ confidence in insurance at rock-bottom: Tower
11 November 2019
Public confidence in insurance and insurers is at an all-time low and the industry and Government have done little to improve it, says Tower CEO Richard Harding...
Insurers 'must help fight global warming'
11 November 2019
The New Zealand Government has urged insurers to re-think their businesses to help combat the risks of global warming...
Fraud expert says civil case 'best path for asset recovery'
11 November 2019
Insurance policy wordings that direct fraud victims to immediately contact police are putting asset recovery at risk, according to barrister Andrew Tragardh...
RACQ launches CTP reform campaign
11 November 2019
Queensland motoring body RACQ has organised a campaign to improve the state’s at-fault compulsory third party scheme...
Workers' comp reform urged as employment changes
11 November 2019
Australia’s complicated workers’ compensation framework needs modernising and harmonising to respond to changing employment patterns, a report commissioned by IAG says...
SA hailstorm leaves uninsured farmers facing losses
11 November 2019
Most of the SA farmers affected by a freak hailstorm last week have no insurance for their crops, according to MGA Insurance Group...
Wellington taskforce calls for earthquake rethink
11 November 2019
Wellington needs to rethink its strategy for protecting against earthquakes as insurers reassess their approach as the dangers become better understood, a Mayor’s Insurance Taskforce report says...
NZ insurers' profits surge 30%
11 November 2019
New Zealand insurance company profits jumped 30% to $NZ2.08 billion in the past financial year, driven by gross written premium growth and positive claims experience...
Bad debt insurance claims hit record high
11 November 2019
Insurance claims by businesses to cover bad debt hit a record high of nearly $50 million during the third quarter of the year, according to the NCI Trade Credit Risk Index...
Cyclone, flood forecasts up the ante on mitigation
04 November 2019
IAG has warned that tropical cyclones will move further south due to climate change, affecting densely populated areas of the eastern Australian coastline and raising the importance of mitigation action...
New Risk Frontiers list reveals cat-prone postcodes
04 November 2019
Bundaberg has the country’s largest exposure to financial losses linked to natural catastrophes, according to natural hazards research centre Risk Frontiers...
ICA board approves new code
04 November 2019
The Insurance Council of Australia board has approved its new General Insurance Code of Practice after an extensive review...
PI stalemate has surveyors on the brink
04 November 2019
Surveyors fear they may be forced into closure as the professional indemnity stand-off shows no signs of easing...
Dransfield pledges to 'embrace reform' as ICA President
04 November 2019
Incoming Insurance Council of Australia (ICA) President Gary Dransfield says he’s honoured to take up the role during a “critical time for our industry”...
Attorney-General sees 'clear need' for class action reform
04 November 2019
Federal Attorney-General Christian Porter says there is a clear need for reform on class actions and he is “actively engaging” over issues raised by a Government inquiry earlier this year...
Defence faces new class action over chemical contamination
04 November 2019
Another class action will soon be launched against the Department of Defence over synthetic chemicals that leaked from military sites into surrounding areas, including residential properties...