A NOTE FROM THE PUBLISHER
10 December 2018
This is the last Monday edition of insuranceNEWS.com.au for 2018. The Daily service will continue until Friday…
Local
Deep thinking required post Hayne, actuaries say
10 December 2018
The Actuaries Institute has urged companies to think “beyond the immediate solution” when addressing issues identified by the Hayne royal commission and the Australian Prudential Regulation Authority’s report on Commonwealth Bank…
Fels yet to respond to ICA complaint
10 December 2018
NSW Emergency Services Levy Insurance Monitor Allan Fels says he has not seen the official complaint made against him by the Insurance Council of Australia…
In Insurance News magazine this month
10 December 2018
Allan Fels, the monitor of NSW’s non-existent emergency services levy change and primary foe of the insurance industry, is stirring up insurers again. Believing in the principle of knowing your enemy, Insurance News magazine interviewed the industry’s most strident critic for its December edition. He might just surprise you…
Bank class action ‘shows coverage gap’
10 December 2018
A NSW Supreme Court ruling on a Bank of Queensland class action defence claim has highlighted a potential gap in cover under civil liability policies, law firm Allens says…
Customer, climate change top industry concerns
10 December 2018
Insurances bosses have listed climate change and customer engagement among key challenges for next year in a KPMG survey…
Transport sector warned on automation dangers
10 December 2018
Transport and logistics businesses must address risks that come with increased use of robotics, artificial intelligence and other new technologies, Aon says…
Vehicle crime: WA leads fall, Victoria makes headway
10 December 2018
The number of motor vehicle thefts fell 4% in the year to September, national figures show…
Hundreds of supermarkets to face climate risk
10 December 2018
Nearly 200 supermarkets face the risk of flooding, bushfires or sea level rise, undermining their insurability, climate change modelling shows…
Residents accuse Christchurch council over flood threat
10 December 2018
Christchurch residents have protested over a council planning change they say will increase flood risk in a large part of the city’s lowest-lying coastal suburbs…
ICA warns on Airbnb cover gap as holidays loom
10 December 2018
People who rent their homes via short-stay websites such as Airbnb may not be covered for damage, the Insurance Council of Australia warns…
Distraction a leading cause of crashes: AAMI
10 December 2018
Most types of road accident are increasing, with driver distraction largely to blame, according to AAMI’s annual crash index…
Fels calls for public submissions on ‘loyalty tax’
03 December 2018
NSW Emergency Services Levy Insurance Monitor Allan Fels has called for “public submissions” on an alleged “loyalty tax” charged by insurers…
Fires persist as cyclone forms off Queensland coast
03 December 2018
Queensland is continuing to battle more than 100 fires after dangerous conditions persisted at the weekend, while the first tropical cyclone for this season has formed in the Coral Sea…
Morgan Stanley upbeat on industry prospects
03 December 2018
Australia’s general insurers can expect margins to continue rising along with premium rates, albeit at a moderating pace, Morgan Stanley analysts say…
Businesswomen missing expert advice: Vero
03 December 2018
Female SME decision-makers are less likely than their male counterparts to seek expert insurance advice, but worry more across a range of issues…
Christchurch claims service defends impartiality
03 December 2018
The Greater Christchurch Claims Resolution Service has defended its impartiality after a high-profile commentator advised homeowners against using it…
Insurers ‘willing to help’ with telematics costs
03 December 2018
Insurers may share the cost of transport industry clients installing telematics or in-cab monitoring systems, Gallagher says…
Industry leaders highlight top issues for 2019
28 November 2018
There is no doubt next year could bring significant change, and insuranceNEWS.com.au asked industry leaders to emphasise their top five concerns for the year to come...
Insurers’ profits recover to four-year high
26 November 2018
Rising premiums helped insurers and reinsurers record their most profitable September year since 2013/14, latest Australian Prudential Regulation Authority figures show…