Focus on Suncorp and Youi as Hayne commission resumes
25 June 2018
Suncorp and Youi are on the back foot as the Hayne royal commission, which resumes today in Brisbane, examines their conduct around natural disaster insurance…
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Code ‘should close gap’ around add-on products
25 June 2018
Consumer safeguards around add-on insurance should be strengthened by extending the industry’s code of practice to all sellers of such products, a governance committee report says…
Bureau flags rising El Nino threat
25 June 2018
The Bureau of Meteorology has activated its El Nino watch, with the likelihood of such a system developing increasing to 50% – double the normal chance…
April storms add to NZ weather losses
25 June 2018
New Zealand’s insurance losses have climbed to $NZ203.9 million this year following the addition of preliminary estimates for April storms and final figures for cyclones that lashed the country in February…
‘Rapid change’ drives NZ insurtech space
25 June 2018
Insurtechs in New Zealand are being tipped to grow as technology advances…
Local businesses warned on EU data laws
25 June 2018
Australian companies with business in the European Union must comply with data protection laws that took effect there last month, broker Gallagher says…
Experts test lava threat to Auckland utilities
25 June 2018
Lava flow research shows Auckland’s water pipes and power cables are probably buried deep enough to survive a short volcanic eruption, but more work is needed to assess the impact of a larger event…
Suncorp research shows fire claims spike in winter
25 June 2018
House fire claims rise when the mercury plummets, according to new research from Suncorp…
Lawyers weigh up add-on insurance class action
18 June 2018
Sydney-based Bannister Law is investigating a potential class action against seven general insurance companies providing add-on insurance through car dealers…
Hackers, skills shortage pose threat to maritime sector
18 June 2018
Cyber crime and labour shortages are among the top five emerging risks for the Australian maritime industry, according to Gallagher…
Manning urges industry to fight adjuster visa cut
18 June 2018
The industry has been alerted to a Federal Government move to remove loss adjusting from its short-term list of occupations for temporary skilled work visas…
CTP cover ‘widely misunderstood’
18 June 2018
Most Australian motorists do not understand what compulsory third party (CTP) insurance means, and many are driving without appropriate cover, according to a survey of 1500 people across NSW, Victoria and Queensland…
NZ insurers to look again at cladding risk
18 June 2018
New Zealand insurers will reassess risks after Auckland, Wellington and Christchurch authorities released updates from flammable cladding audits…
Housing NZ to examine meth policy failures
18 June 2018
Housing New Zealand will report on its methamphetamine contamination practices after a flawed approach led to state housing evictions and $NZ100 million of spending on mostly unnecessary testing and remediation…
Forum considers lessons from Canterbury quakes
18 June 2018
A two-day symposium on lessons learned from the Canterbury earthquakes will be held later this year…
Fels queries Suncorp premium rise
12 June 2018
The NSW Emergency Services Levy Insurance Monitor says it is investigating the basis for a jump in Suncorp’s home insurance premiums…
ACCC releases initial findings on northern pricing
12 June 2018
The Australian Competition and Consumer Commission has released its preliminary findings on the north’s home insurance market…
D&O volatility continues as class actions mount
12 June 2018
The market for directors’ and officers’ insurance continues to deteriorate as class actions ramp up…
Market crash poses biggest risk to Australian GDP
12 June 2018
A financial market crash could place almost half of Australia’s economic output at risk, making it the single largest threat to the economy, Lloyd’s says…
Insurers urged to harness power of AI now
12 June 2018
Australian insurers must act now to seize the opportunities offered by artificial intelligence, which is likely to transform the business world as profoundly as any past innovation, Accenture says…