insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2019 Japanese insurers riding out typhoons https://www.insurancenews.com.au/international/japanese-insurers-riding-out-typhoons https://www.insurancenews.com.au/international/japanese-insurers-riding-out-typhoons Typhoons Hagibis and Faxai, which lashed Japan this month and last respectively, are not expected to have a material impact on the capitalisation of the country’s three major insurers, according to AM Best...

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Mon, 21 Oct 2019 13:31:00 +1100
PPI tops UK complaints list ahead of compensation deadline https://www.insurancenews.com.au/international/ppi-tops-uk-complaints-list-ahead-of-compensation-deadline https://www.insurancenews.com.au/international/ppi-tops-uk-complaints-list-ahead-of-compensation-deadline Payment protection insurance made up almost half of all complaints for regulated firms in the UK in the first half as consumers scrambled to meet a deadline for compensation...

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Mon, 21 Oct 2019 13:30:00 +1100
Axis Capital quits coal, oil sands https://www.insurancenews.com.au/international/axis-capital-quits-coal-oil-sands https://www.insurancenews.com.au/international/axis-capital-quits-coal-oil-sands Specialty lines insurer Axis Capital will stop underwriting and investing in businesses involved with the coal and oil sands-related industries in January...

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Mon, 21 Oct 2019 13:30:00 +1100
UK must avoid becoming EU "rule-taker" after Brexit: ABI https://www.insurancenews.com.au/international/uk-must-avoid-becoming-eu-rule-taker-after-brexit-abi https://www.insurancenews.com.au/international/uk-must-avoid-becoming-eu-rule-taker-after-brexit-abi Once it achieves a Brexit deal the UK will need to build a constructive future relationship with the European Union that gives it adequate decision-making power, The Association of British Insurers says...

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Mon, 21 Oct 2019 13:29:00 +1100
Insurance costs to escalate again for Gulf region vessels https://www.insurancenews.com.au/international/insurance-costs-to-escalate-again-for-gulf-region-vessels https://www.insurancenews.com.au/international/insurance-costs-to-escalate-again-for-gulf-region-vessels Damage sustained by an Iranian oil tanker in October will drive insurers to further raise War Risk insurance rates for vessels operating in the Gulf region, adding to a tenfold increase since attacks on tankers in May, according to UK legal firm DWF...

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Mon, 21 Oct 2019 13:28:00 +1100
Terror backstop loss would ripple across US economy: Marsh chief https://www.insurancenews.com.au/international/terror-backstop-loss-would-ripple-across-us-economy-marsh-chief https://www.insurancenews.com.au/international/terror-backstop-loss-would-ripple-across-us-economy-marsh-chief Failure to replace the US government backstop on terrorism insurance would adversely affect workers’ compensation policies and potentially ripple across the US economy, says John Doyle, President and CEO at Marsh...

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Mon, 21 Oct 2019 13:27:00 +1100