Wrong Choice: pet insurance attack ‘doesn’t match the facts’
14 October 2019
Pet insurers pay more than 85% of the 500,000 pet insurance claims made each year, illustrating customers do receive value from their policies...
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Pressure growing on governments for cladding action
14 October 2019
Pressure is growing on state governments to help fund building defect rectification as problems such as the Mascot Towers evacuation in Sydney add urgency to the issue, a Sedgwick executive says...
Suncorp warns NSW, Queensland to prepare for storm season
14 October 2019
Suncorp is urging residents of NSW and Queensland to trim overhanging trees, clean gutters and check their roofs in preparation for storms...
Most insurers ‘optimistic about investment outlook’
14 October 2019
About 66% of insurers in Australia and the broader Asia-Pacific region are positive in their current investment outlook, a survey by global asset management firm BlackRock has found...
Canberra ‘scaling back’ support for medical indemnity schemes
14 October 2019
Planned changes to medical indemnity legislation could eventually lead to a “gradual reduction” in support from the Federal Government, according to law firm Colin Biggers & Paisley...
ICNZ blasts Wellington EQC taskforce’s plan
14 October 2019
The Insurance Council of New Zealand says a proposal to more than double the Earthquake Commission cap to deal with quake-prone Wellington’s problems could lead to “perverse outcomes” and would be inequitable...
NZ drone technology put to the test at remote volcano
14 October 2019
Drone technology developed at the Victoria University of Wellington has helped analyse volcanic gases from PNG’s remote Bagana volcano, one of the most active in the world...
Industry 'most directly exposed' to climate change: RBA
07 October 2019
Insurers may be forced eventually to make way for governments or businesses as some assets become too risky because of climate change, the Reserve Bank of Australia has warned...
PI woes escalate for surveyors
07 October 2019
Surveyors involved with projects of more than three storeys are unable to secure professional indemnity covers, according to the Australian Institute of Building Surveyors...
Industry compiling farm protection uptake data
07 October 2019
About 299,500 farm insurance policies have been placed out for a sum insured value of $153 billion and 143,500 crop covers for $5.6 billion, according to the Insurance Council of Australia...
Insurance News magazine celebrates 10 years
07 October 2019
It’s 10 years since Insurance News magazine was launched, and this month’s special anniversary edition looks back over the big industry issues and events we’ve covered over that time. You’ll be surprised how long some of those issues have dragged on...
High Court to rule on class actions challenge
07 October 2019
A High Court decision expected this year on class actions funding could make it more difficult for cases to be brought if the ruling overturns use of existing arrangements...
AIMS head Zissis joins NIBA board
07 October 2019
Angie Zissis, the new head of AUB’s Austbrokers Insurance Member Services, has joined the National Insurance Brokers Association board...
Drought conditions worsen as summer approaches
07 October 2019
The strongest positive Indian Ocean Dipole since 2001 is helping create dangerous drought conditions, the Bureau of Meteorology says...
Industry urged to heed climate change warnings
30 September 2019
International insurers could abandon Australia if loss ratios spiral as a result of climate change, an expert has warned...
Flood cover remains unfinished business for SMEs
30 September 2019
Commercial flood cover in high-risk regions remains an issue for the insurance industry as take-up by businesses remains low, a Suncorp executive says...
IAG renews push for bigger mitigation spend
30 September 2019
IAG has joined the wider industry in calling for increased mitigation funding to deal with northern Australia’s insurance problem. The insurer has had a longstanding position favouring spending more on resilience measures...
Insurers not trusted with data, survey finds
30 September 2019
Customers support increased use of digital technology but don’t trust insurers with their data, a survey by DXC Technology and analyst firm Telsyte has found...
AFCA says bank must pay half for claimant with no cover
30 September 2019
A homeowner who thought she had arranged home cover with her bank but hadn’t will have half her claim paid after a fire, following an Australian Financial Complaints Authority ruling...
Revamped code on track for January
30 September 2019
The latest revision of the General Insurance Code of Practice is on track for a January introduction following a lengthy review period complicated by the Hayne royal commission...