Complaints to FOS rise 5%
03 September 2018
The number of general insurance disputes lodged with the Financial Ombudsman Service in the June quarter increased 5.3% to 3552…
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Benign weather buoys industry profit
27 August 2018
The industry recorded a 23.9% rise in net profit to $3.8 billion for the year to June 30, latest Australian Prudential Regulation Authority data shows…
Committee tells brokers to lift breach oversight
27 August 2018
Brokers have been urged to step up efforts to identify and report breaches of the Insurance Brokers Code of Practice…
Fire chiefs warn over extended season
27 August 2018
Extended wildfire seasons across the globe could cause major problems in Australia, experts have warned…
EQC restructures to improve claims
27 August 2018
New Zealand’s Earthquake Commission has made changes to its leadership and organisational structures, to improve the claims process…
Kaikoura quake caused ‘unusual’ rupture
27 August 2018
The Kaikoura earthquake shook the ground more than most other known quakes, new research has shown…
Weather patterns point to greater drought risk
20 August 2018
Indian Ocean temperature patterns may worsen any southern Australian rainfall shortages caused by an El Nino climate event this year…
NSW battles winter bushfires
20 August 2018
NSW firefighters have been tackling about 80 bushfires across the drought-afflicted state, and experts warn there could be worse to come…
Aon urged to drop NZ fee impasse
20 August 2018
Aon New Zealand continues to sit outside the broking industry’s peak body, the Insurance Brokers Association of New Zealand, in a long-running dispute over a membership fee increase…
Hayne commission highlights trust challenge: PwC
20 August 2018
Insurers have been urged to improve culture and conduct as the Hayne royal commission continues to expose bad behaviour in the financial services sector…
Hobart storm claims hit $100 million
20 August 2018
Insured losses from devastating storms and floods in parts of Hobart and the southern suburb of Kingston three months ago have reached almost $100 million, and the Insurance Council of Australia says more than half the household claims have already been closed…
ICNZ warns on D&O coverage gap
20 August 2018
Almost 25% of directors in New Zealand lack directors’ and officers’ coverage as part of their remuneration packages, and insurers say premium costs are not to blame…
Poorest people ‘pay most for cover’
20 August 2018
Low-income New Zealanders are penalised with higher premiums because of where they live and their tendency to pay for insurance on a monthly basis, consumer advocates say…
NZ fire safety failings sound alarm bells
20 August 2018
The Insurance Council of New Zealand fears too many commercial buildings fall short of fire safety standards, putting lives and property at risk…
Modellers unlock secret of volcanic ash fall
20 August 2018
Research funded by New Zealand’s Earthquake Commission has produced a way of calculating where volcanic ash is most likely to fall, and its thickness…
In Insurance News (the magazine) this month
20 August 2018
AIG is a global giant, but it’s a lot leaner and nimble than it once was. Leading the drive to transform the American group’s 75 international operations is former Australian CEO Chris Townsend. If you want to know what’s going on in the wider insurance world, don’t miss our interview in Insurance News this month…
Australia leads way on commercial rate rises
13 August 2018
Commercial lines premiums grew fastest in Australia in the second quarter, averaging 13.7%, according to broker Marsh’s Global Insurance Market Index…
Data breach laws lift cyber take-up
13 August 2018
Specialty insurer CFC says data breach notification rules have driven a 107% jump in new Australian cyber business this year…
Dive In unveils festival program
13 August 2018
Tickets can now be booked for events in Australia and New Zealand for the fourth Lloyd’s Dive In Festival of diversity and inclusion…
QBE loses NZ court appeal on quake cost sharing
13 August 2018
New Zealand’s Court of Appeal has dismissed a QBE case arguing that Allianz should share costs for a Christchurch earthquake claim because both companies were providing cover when the catastrophe struck the city…