Regulatory reform weighs on industry
04 February 2019
Regulation and compliance is the top issue facing underwriters, according to this year’s JP Morgan Taylor Fry General Insurance Barometer…
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Hayne final report released today
04 February 2019
The Hayne royal commission’s final report on financial services misconduct will be made public later today…
Townsville tackles floods as hail, fire costs mount
04 February 2019
Fires and floods continue to hit the country, with the Insurance Council of Australia declaring a catastrophe for Townsville policyholders…
January breaks heat records
04 February 2019
Australia has experienced its hottest January on record, with the nation’s mean temperature exceeding 30 degrees last month…
Queensland brokers reject ACCC commission ban
04 February 2019
The Council of Queensland Insurance Brokers has joined other industry players in opposing a recommended ban on commissions…
Industry’s political donations revealed
04 February 2019
The insurance industry donated more than $492,000 to political parties at federal and state levels last financial year, according to data from the Australian Electoral Commission…
Fire-hit Melbourne building has combustible cladding
04 February 2019
A Melbourne apartment block that caught fire this morning is believed to feature the same combustible cladding materials as London’s Grenfell Tower…
Brexit, trade war fallout top business fears
04 February 2019
Change to the legislative and regulatory landscape has emerged as the biggest risk facing Australian businesses this year, climbing two spots in an annual risk survey by Allianz Global Corporate & Specialty…
StrataRatings reveals segment’s top underwriters
04 February 2019
Strata Community Insurance, CHU Strata Insurance and Strata Unit Underwriters have again topped a ranking of commercial and residential products by independent analyst StrataRatings…
Thieves pick up more utes
04 February 2019
The number of utility vehicles stolen annually increased by 39% to almost 8000 over the decade to last year, with profit-motivated thefts up 53%, the National Motor Vehicle Theft Reduction Council says…
Rising sea threatens NZ infrastructure
04 February 2019
Up to $NZ14.1 billion of council-owned assets are exposed to rising sea levels linked to climate change, a New Zealand study has found…
ICA action group to oversee climate response
04 February 2019
The Insurance Council of Australia has established an action group to co-ordinate the industry’s response to the climate change crisis…
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30 January 2019
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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…
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…