19 August 2019
Access to local government flood data for Moreton Bay Regional Council and the City of Gold Coast would allow for more accurate pricing of premiums in the two Queensland precincts, the Insurance Council of Australia says...
19 August 2019
Lloyd’s has welcomed Wickshire as the market’s first Australian-based registered broker as rising technological uptake makes it easier to transact business from global locations...
19 August 2019
New research estimates that fixing defects in apartment buildings constructed in the last decade will cost $6.2 billion...
19 August 2019
Calculating potential underwriting losses from poor construction remains impossible as governments prove reluctant to share information on building issues, Insurance Council of Australia Head of Risk and Operations Karl Sullivan has told a NSW parliamentary inquiry...
19 August 2019
A recent Federal Court of Australia order in the Radio Rentals class action indicates insurers are increasingly going to have to disclose details of their clients’ insurance policies, law firm Allens says...
19 August 2019
Industry losses on property insurance from Townsville’s summer flood, which began on Australia Day, have reached $1.22 billion, according to Swiss modeller Perils estimates...
19 August 2019
The Bank of Queensland has won in its legal appeal to make an indemnity claim from its civil liability policy...
19 August 2019
Anecdotal evidence suggests that insurers are reducing their capacity and availability for defamation cover amid an “explosion” in lawsuit damages, Victorian barrister David Gilbertson QC says...
19 August 2019
The New Zealand High Court has ruled that Southern Response engaged in misleading and deceptive conduct in its handling of a Canterbury quake claim...
12 August 2019
Premium price gains in the Pacific region, including Australia and New Zealand, tripled the pace of global increases in the second quarter, a Marsh report shows...
12 August 2019
Restoration company Steamatics CEO Oliver Threlfall says insurance industry costs are being increased by the way less reputable repairers are responding to internal water damage...
12 August 2019
A joint submission to the Australian Securities and Investments Commission has included a range of insurance products the corporate regulator could target with its new product intervention powers...
12 August 2019
NIBA’s annual Broker Market Survey is now live and brokers have received their own unique link with instructions on how to complete the survey...
12 August 2019
The number of merger and acquisition deals in Australia and New Zealand using warranty and indemnity insurance jumped 37% last year compared to 2017, Aon says...
12 August 2019
More than 400,000 Australians have been notified they may be eligible for a class action accusing National Australia Bank of selling “junk” consumer credit insurance...
12 August 2019
Swiss Re’s local head Mark Senkevics has called for a “coherent government policy” on climate change, warning that Australia is uniquely exposed...
12 August 2019
New Zealand’s Earthquake Commission, EQC, is adopting locally developed risk-modelling software that helps users assess risks to buildings, infrastructure and people from natural hazards such as earthquakes, tsunamis and floods...
05 August 2019
The Insurance Council of Australia has criticised the inquiry into northern Australia’s insurance affordability problem – saying it’s revisiting “flawed ideas” and failing to tackle the underlying issues...
05 August 2019
A flood study commissioned by the NSW Government providing the most up–to-date information on river flooding will help insurers fine-tune their pricing and may lead to lower premiums, the Insurance Council of Australia says...
05 August 2019
Tackling new developments in car insurance fraud and increasing cases of staged collisions using written-off cars are some of the priorities of the National Motor Vehicle Theft Reduction Council for the next 12 months...