Kaikoura building settlements almost complete: EQC
26 February 2018
New Zealand’s Earthquake Commission says 88% of residential building settlements from the 2016 Kaikoura catastrophe were completed at the end of last month…
Local
NZ prepares for rough weather as Cyclone Gita looms
19 February 2018
New Zealand is bracing for damage from Cyclone Gita, which is forecast to make landfall near Wellington tonight, bringing strong winds, heavy rain and high seas to coastal areas in the country’s central regions…
Shift in trade winds may spell end for La Nina
19 February 2018
A rapid weakening of Pacific trade winds may hasten the decline of this year’s La Nina weather system, the Bureau of Meteorology says…
Consumer group raises pressure over unfair contract terms
19 February 2018
The Consumer Action Law Centre is stepping up its campaign for unfair contract term provisions to be extended to insurance, ahead of expected consultations on possible changes this year…
Fraud declines as businesses wise up
19 February 2018
The number of reported fraud incidents in Australia plummeted 40% last year, declining for the first time in several years, according to a KPMG Forensic report…
NZ insurers pay out $6.5 million a day
19 February 2018
New Zealand insurers paid an average of $NZ7 million a day in claims last year, the Insurance Council of New Zealand says…
EQC funds NZ tsunami research
19 February 2018
New Zealand’s Earthquake Commission is co-sponsoring a research project on tsunami risks in the city of Porirua north of Wellington…
CROs to the fore as cyber risks grow
19 February 2018
Chief risk officers will take centre stage as cyber threats are increasingly considered “key operational risks” rather than “information technology risks”, according to Aon…
Choice points royal commission towards claim denials, premiums
12 February 2018
Consumer group Choice has asked the royal commission into financial services to examine claims denials and to compel insurers to disclose more information around premiums…
NIBA urges stamp duty relief for north
12 February 2018
The National Insurance Brokers Association (NIBA) says stamp duty relief could be offered in northern Queensland to ease the impact of higher insurance costs…
Australia trails on readiness for driverless cars
12 February 2018
Australia must improve road quality, 4G broadband reach and availability of electric charging stations in preparation for driverless vehicles, business consulting group KPMG says…
NZ storm claims trickle in
12 February 2018
New Zealand’s Earthquake Commission is urging homeowners affected by recent storms to lodge their claims soon…
Car theft council enhances buyer rating guide
12 February 2018
The National Motor Vehicle Theft Reduction Council has added ANCAP safety ratings to its risk rating system, so car buyers can make more informed decisions…
Cycle turns and insurers see a brighter future
05 February 2018
Premiums will rise and underlying profitability should improve in domestic and commercial classes in coming years, according to the latest General Insurance Barometer from JP Morgan and Taylor Fry…
Risk drives price in north, IAG tells ACCC inquiry
05 February 2018
IAG has again pushed the benefits of mitigation in a submission to the Australian Competition and Consumer Commission’s inquiry into insurance in the country’s north…
Weak La Nina on the wane
05 February 2018
A weak La Nina weather system has most likely reached its peak in recent weeks and is likely to end in autumn, according to the Bureau of Meteorology…
Australian businesses complacent on cyber risks: Aon
05 February 2018
Too many Australian businesses have their “heads in the sand” when it comes to cyber dangers, according to Aon…
Victorian hailstorms cause $370 million loss
05 February 2018
Severe storms that hit parts of regional Victoria and Melbourne on December 19 caused insured losses of $378 million…
NZ insurers brace for claims after storm damage
05 February 2018
New Zealand insurers expect an influx of claims running into millions of dollars after powerful storms hit the country last week…
Automated cars ‘pose privacy issue’
05 February 2018
Driverless vehicles will have the capacity to source vast amounts of data about passengers through cameras, audio files and location tracking, leaving them exposed to commercial exploitation, researcher Nicholas Camac says…