Daily
Drought crisis: ICA wants Canberra to support farm insurance plan
25 October 2018
Stamp duties on farm insurance products must go, the ICA said today as it outlined a five-point plan to spur the take-up of agricultural income protection covers...
Industry ‘tarnished’ by royal commission
24 October 2018
The reputation of Australia’s property and casualty (P&C) insurers has been “tarnished” by the Hayne royal commission, says S&P Global Ratings...
Cat losses: New Zealand is risky business
24 October 2018
New Zealand is the second-most exposed nation to natural catastrophe losses, according to Lloyd’s in-depth underinsurance study of 43 economies...
Wind-Jeannie arrives in time for cyclones
24 October 2018
Swiss-based catastrophe data company Perils has launched an Australian version of its real-time windstorm forecasting tool, which predicts property losses for insurers...
Premium role: Ex-Zurich chief to run funder
23 October 2018
Former Zurich CEO Raj Nanra has been appointed CEO at premium funder Macquarie Pacific Funding...
Senators condemn ‘reprehensible’ D&O cover
23 October 2018
Insurance policies that allow corporations and directors to be covered for workplace health and safety breaches are “utterly reprehensible” and should be outlawed, a Senate committee report says...
Crimestopper: Insurers invest in car theft crackdown
23 October 2018
Insurers have committed to funding the National Motor Vehicle Theft Reduction Council for another three years...
Cladding crisis ‘solution’ isn’t as easy as it seems
19 October 2018
A Victorian scheme to remove dangerous fire-prone cladding that covers hundreds of apartment buildings won’t have an immediate impact on strata premiums, according to a strata insurance expert...
ASIC to wield ‘every power’ against cheats and liars
19 October 2018
ASIC Chairman James Shipton warns businesses that fail to co-operate with the regulator face a tougher response under a crackdown on misbehaviour...
Costly and dangerous: industry slams product rules
19 October 2018
The general insurance industry has expressed “deep concern” over new legislation designed to ensure the right financial products are sold to the right people...
Bushfires: let’s cut the ‘urban fringe’
18 October 2018
Tougher planning regulations to restrict development on the “urban fringe” of cities is the best way to reduce bushfire losses...
Strong quarter sees Steadfast boost earnings forecast
18 October 2018
Steadfast raised its earnings guidance range today after its broker network and underwriting agencies made a strong start to the financial year...
AUB ousts senior broker over misconduct claims
18 October 2018
Austbrokers Canberra MD Greg Johnston has been “removed” by parent company AUB over allegations of financial misconduct...
Injury v liability as driverless cars roll in
17 October 2018
With driverless cars already being tested, how will insurers tackle cover for personal injury? That’s the key question raised by a discussion paper issued today by the National Transport Commission...
Hayne’s regulatory impact ‘will sweep up insurers’
17 October 2018
General insurers should brace for a wave of regulatory repercussions stemming from the Hayne royal commission, even though the new rules will have been triggered by misconduct elsewhere, Finity says…
Shaken up: Here’s Australia’s most quake-prone places
17 October 2018
The areas of Australia most likely to suffer a serious earthquake were laid bare today in the first update to the National Seismic Hazard Assessment for six years...
Is Resilium next? Suncorp reviews AR sale
16 October 2018
Suncorp is reviewing the future of its Resilium authorised representative network as the group continues to rationalise its operations....
Finity sees the industry bouncing back
16 October 2018
Premium rises and low catastrophe costs have helped improve insurance margins and equity returns in a bounce-back year for insurers, Finity Consulting says in its annual Optima report on the industry...
Global warming: the heat is on insurers
16 October 2018
Insurers are facing growing pressure to do more to help curb global warming in the wake of last week’s grim report by the United Nations Intergovernmental Panel on Climate Change (IPCC)...