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General insurers in good shape despite disasters

30 January 2012

Most Australian general insurers are in good financial shape despite the massive claims stemming from the natural disasters in 2011…

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Industry defends strata insurance pricing

30 January 2012

The House of Representative inquiry into residential strata insurance has received 388 submissions, with most coming from disgruntled property owners complaining about price increases…

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Actuaries call for flood insurance pool

30 January 2012

A temporary pool of funds should be created to subsidise the rising costs of flood insurance to consumers, according to the actuaries’ lobby group…

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Insurers gouging, says Bligh

30 January 2012

Queensland Premier Anna Bligh has called on insurance companies to be fairer on pricing policies…

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Queensland-NSW floods just seasonal weather

30 January 2012

Floods and heavy rain across Queensland and northern NSW last week will not earn the catastrophe status applied to last year’s floods…

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Melbourne storms cost insurers $550 million

30 January 2012

Insurers have received claims worth more than $550 million following Melbourne’s Christmas Day hailstorms, according to the Insurance Council of Australia…

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Latest NZ quake claims total over $NZ1.2 million

30 January 2012

New Zealand’s Earthquake Commission has received claims of more than $NZ1.25 million ($970,000) from the October 9 Christchurch aftershock and $NZ586,000 ($453,000)…

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2011 catastrophe claims blow out to $4.9 billion

30 January 2012

Melbourne’s Christmas Day hailstorms have pushed the total estimated insurance cost of 2011’s natural catastrophes to $4.9 billion…

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Reinsurers to cover 80% of NZ earthquake cost

30 January 2012

Global reinsurers will cover around 80% of the cost of New Zealand’s February 22 earthquake, according to research by Swiss Re…

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Earthquakes royal commission seeks extension

30 January 2012

The royal commission formed to investigate building failure in the Christchurch earthquakes is asking the New Zealand Government for an extension past its April final report deadline…

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Christchurch rebuild on hold while aftershocks continue

30 January 2012

Widespread reconstruction of Christchurch is “on hold” while aftershocks continue, Reserve Bank of New Zealand Governor Alan Bollard says…

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