Analysis

News that NRMA Insurance is supplying flood insurance to its NSW, ACT and Tasmanian customers is likely to shake things up in the industry as the controversial topic of flood cover is raised once again...

With Australian insurers constantly pointing to the cost of insurance taxes as a major disincentive to home and contents cover, the recent experience of UK insurers provides an interesting perspective...

Talk of a hardening of rates across all classes of the insurance market has been out there for quite some time – at least six months...

Suncorp believes Bingle customers will eventually switch to AAMI once they start a family or buy a more expensive car...

As wide tracts of northern NSW and south-east Queensland lie underwater, residents must wait to learn if their insurer is prepared to pick up the tab – was it storm or was it flood...

Keeping people safe in workplaces should be a hot topic for debate...

Victorian and NSW policyholders have been belted with yet another rise in the fire services levy, pushing up the cost of their premiums and further increasing the risk of underinsurance...

A turbulent period in the life of Australia’s insurance industry was remembered last month with the appointment of a provisional liquidator to Transpacific Insurance Corporation...

A 45% slump in global shipping trade in the final quarter of last year had a resounding effect on all major shipping ports...

Damage to brand and image is the number one risk to business, according to Aon’s 2008/09 Australasian Risk Management Benchmarking Survey...

New risks are always emerging, with some having the potential to significantly change the way insurance is written...

Most would agree the Federal Government’s proposed emissions trading scheme is a positive step towards mitigating the effects of climate change...

Premium rises in the general insurance market are patchy...

Last week Richard Ward was on his first visit to the region as CEO of Lloyd’s...

Regulation of financial services tends to swing like a pendulum. Effective new regulation happens in the bottom one-third of the pendulum’s swing...

AIG Chairman and CEO Edward Liddy provided an interesting insight as the company gratefully caught hold of another US Government lifeline last week...

US insurance giant AIG is about to post its fifth straight quarterly deficit – and the largest quarterly loss in US corporate history...

Clearly, Australia’s general insurance industry is rising to the occasion in its support of clients affected by the Victorian bushfires, as well as the flooding in Queensland and New South Wales...

Large insurance companies do the big things well. It’s usually the little things – the stray claim, the silly decision that seemed like the best idea at the time – that let them down...

A cursory glance of the daily headlines would have you believe the local insurance industry is on the skids...