Ruling backs NZ insurers’ ‘fundamental ability’
08 July 2019
The Insurance Council of New Zealand says a ruling by the country’s highest court of appeal over an earthquake damage dispute has affirmed long-held legal principles...
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Go above and beyond APRA’s cyber rules, Aon says
08 July 2019
Companies must go further than the prudential regulator’s new cyber-security standard if they are to protect their assets, Aon warns...
ICA plans meetings with Townsville flood victims
08 July 2019
The Insurance Council will convene one-on-one meetings between insurers or council representatives and policyholders and host a community forum for those affected by the Townsville floods...
CTP motor loss ratio blows out
01 July 2019
Compulsory third party motor vehicle cover produced an estimated ultimate loss ratio of 84.4% for the past accident year, the highest among the nine key business classes, according to the Australian Prudential Regulation Authority...
Fraud jury urged to ‘reject’ Josie Gonzalez evidence
01 July 2019
Former Dual Australia manager Josie Gonzalez, who is accused of defrauding the underwriting agency, cannot be trusted, the County Court of Victoria heard today...
Consumer survey puts royals on top
01 July 2019
The “royals” – personal lines mutual insurance companies run by motoring asssociations – occupy three of the top five spots in a Roy Morgan general insurance consumer satisfaction survey...
Insurers, intermediaries face ‘fight for customers’
01 July 2019
A struggle between insurers and brokers is likely to erupt as product manufacturers try to wrest control of customer interactions from intermediaries, a report warns...
No recovery in sight for LMI premiums: Fitch
01 July 2019
Fitch Ratings warns Australian lenders’ mortgage insurance underwriting profits will remain under pressure this year due to challenges lifting top-line revenue and a softer housing market...
Act now on building industry crisis, ICA tells governments
01 July 2019
The Insurance Council of Australia has called for immediate government action on the troubled building industry, warning insurers will find it increasingly tough to cover the sector...
Still time to vote for Mansfield claims awards
01 July 2019
Brokers have only days left to cast their votes in this year’s Mansfield Awards for Claims Excellence, organised by Insurance News and claims services specialist LMI...
Coastal Queensland shapes as bushfire hotspot
01 July 2019
A large area of Queensland, south of Rockhampton towards the NSW border, should expect above-average bushfire risk this summer, according to a northern Australia seasonal outlook...
Raised EQC building cover cap takes effect
01 July 2019
New Zealand’s Earthquake Commission from today provides increased building cover of up to $NZ150,000, under legislative changes approved earlier this year...
Most tower blocks defective, study finds
24 June 2019
An analysis of 212 building audits in three states has found more than half of high-rise blocks have at least one defect, prompting calls for an insurance overhaul to address the problem...
Document search followed Gonzalez property seizures
24 June 2019
Police examined thousands of documents after computers were taken from a Kew property following freezing and search orders, the trial of Josie and Alvaro Gonzalez heard today...
Adani gets insurance, but won’t say where from
24 June 2019
The Adani Group’s Carmichael coal mine project in Queensland has been underwritten by a group of insurers whose identities remain confidential...
ICNZ hits back at consumer group’s criticism
24 June 2019
The Insurance Council of New Zealand has rejected Consumer NZ assertions that general insurance customers get a raw deal...
Suncorp close to complete on NSW hailstorm repairs
24 June 2019
Suncorp has repaired or paid out on more than 18,000 cars in the six months since the Sydney hailstorm, accounting for more than 80% of the total insured...
Nissans remain top target for thieves
24 June 2019
Older Nissan models comprise eight of the top 11 theft targets in Victoria, according to the National Motor Vehicle Theft Reduction Council...
AIR updates NZ quake model
24 June 2019
AIR Worldwide has revised its New Zealand earthquake model to include the latest scientific research gathered from the Canterbury catastrophes in 2010/11 and Kaikoura in 2016...
Fraud trial: Gonzalez pressed Dual to use husband’s firm
17 June 2019
Dual Australia founder Damien Coates says Josie Gonzalez pushed forward proposals to use a legal firm associated with her husband at meetings to discuss her employment, despite it not being “on the table”...