Bushfire losses race up to $110 million
18 November 2019
The insurance industry has raised the loss estimates from the latest bushfire catastrophe in NSW and Queensland to $110 million as claims continue to pour in...
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Aviation, cropping clients face tough markets: Gallagher
18 November 2019
Aviation clients are seeing soaring premiums, the crop insurance market is becoming more difficult amid drought, while natural peril and public liability costs are increasing, broker Gallagher says in a half-yearly market update...
Australian prices rise amid global market rally: Marsh
18 November 2019
Commercial premium price increases in the Pacific region, where Australia is the largest market, rose 18.8% in the third quarter, as global gains accelerated, Marsh says...
CHU’s Lehane honoured as top CEO
18 November 2019
The head of strata insurer CHU has been named Financial Services and Insurance Executive of the Year...
Brokers low on the list for SMEs seeking advice
18 November 2019
SMEs are turning to financial advisers, accountants and the internet for advice on insurance, ahead of using brokers with expertise in the area, a QBE report finds...
Travellers off track with risky destinations
18 November 2019
Risky or “off the beaten track” destinations are attractive to 87% of Australians aspiring to travel overseas, research commissioned by the Department of Foreign Affairs and Trade and the Understand Insurance initiative shows...
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...
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...