Local

The insurance industry has reacted angrily to the NSW Government’s imposition of a new $39 million levy on insurance policies to fund the State Emergency Service...

AIG Australia CEO Chris Townsend has reassured brokers that while US parent AIG has reported large third-quarter losses, the local operation remains profitable...

The Senate Economics Committee has completed its eight-month inquiry into last-resort home warranty insurance by recommending better consumer protection measures for the product...

KPMG has until next March to give its defence over the auditing of Westpoint companies as it takes on the Australian Securities and Investments Commission in court...

A Griffith University study charting more than 200 years of coastal storms indicates a sustained period of severe weather is due in the near future...

The economic downturn will put pressure on gross written premium growth and is likely to spur increased claims on certain insurance lines, a leading industry analyst claims...

A slowing economy, a turnaround in the soft market for commercial lines, increasing pressure from claims inflation and the diminishing influence of reserve releases is marking the change in the cycle for insurance industry...

A storm that battered south-east Queensland late yesterday is the worst to hit the area in 24 years, according a local loss adjuster...

NT’s Country Liberal Opposition is causing a stir by suggesting motor insurance premiums in the territory will skyrocket due to the financial crisis...

The Risk Management Institution of Australia has elected Brian Roylett as President...