Lloyd’s ‘open for business’ despite capacity crackdown
11 March 2019
Lloyd’s says it is “open for business” in Australia, despite market concerns that securing capacity is becoming a challenge…
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Intermediary premium climbs past $11 billion
11 March 2019
Insurance intermediaries placed $11.5 billion of premium in the December half, new Australian Prudential Regulation Authority data shows…
Victorian fires added to growing catastrophe list
11 March 2019
Bushfires in southeast Victoria over the past week have destroyed at least 31 houses and damaged another 70 structures…
Clamour grows for building industry royal commission
11 March 2019
A building industry reform group has written to Prime Minister Scott Morrison urging a royal commission to restore public trust in Australia’s “broken’ construction sector…
PI ‘crisis’ as insurers retreat from cladding risk
11 March 2019
Insurers are pulling back from exclusion-free professional indemnity cover for building surveyors and fire engineers, sparking fears the construction industry could “grind to a halt”…
Canberra told to ‘scale up’ climate change preparations
11 March 2019
The Federal Government has been urged to overhaul its disaster resilience strategy as climate change causes a rise in “concurrent extreme weather events and events that follow in closer succession”…
Data breach reports soar under new laws
11 March 2019
More than 800 data breaches were reported last year following introduction of the Notifiable Data Breaches scheme…
More M&A ahead as insurers focus on core ops
11 March 2019
The insurance industry may see further consolidation this year, law firm Clyde & Co says…
Higher rates drive industry profit
04 March 2019
General insurers and reinsurers achieved a combined 6.2% rise in underwriting profit to $3.5 billion last year, Australian Prudential Regulation Authority data shows…
Homes lost as Victoria tackles spate of fires
04 March 2019
New bushfire dangers emerged today in parts of southeast Victoria…
BOM predicts dry, hot autumn
04 March 2019
Australia can expect a drier-than-average autumn, worsening a drought that is already devastating farmers and country areas…
NRMA Insurance denies ‘game-playing’ on flood, rainwater
04 March 2019
NRMA Insurance has rejected criticism of a home cover policy change that groups flood, rainwater run-off and storm surge…
ICA says ‘hasten slowly’ on Hayne reforms
04 March 2019
Insurance Council of Australia CEO Rob Whelan has warned against rushing to implement Hayne royal commission proposals as the industry faces pressure to respond more quickly to consumer issues…
ANZIIF insurtech forum a ‘huge success’
04 March 2019
More than 500 people attended the two-day ANZIIF Insurtech Conference in Sydney last week to engage with thought leaders and experts…
Australia, NZ shine on Marsh premium index
04 March 2019
Australia and New Zealand were standout markets for global premium rises in the fourth quarter, a Marsh index shows…
Climate change ‘will raise drought threat to farmers’
04 March 2019
Drought conditions and pressure on the agriculture industry will worsen because of climate change, Aon’s Head of Analytics has warned…
Broker commissions ‘not going anywhere’
25 February 2019
Insurance broker commissions are unlikely to disappear soon, an industry expert says…
Townsville payouts near $900 million
25 February 2019
Claims are still pouring in from Townsville following devastating floods in the north Queensland city this month…
Banned broker gets jail term
25 February 2019
Former Arthur J Gallagher broker Antonino Gucciardi has been jailed for one year after facing charges brought by WA’s Major Fraud Squad…
Parramatta rejects ‘nine minute’ flash flood warning
25 February 2019
Parramatta’s council has rejected a warning that its CBD precinct in western Sydney could be inundated by flash floods in “as little as nine minutes”…