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…
Local
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…
Pricing in north reflects exposures, claims costs: ICA
29 January 2018
Insuring property in northern Australia has always been expensive and challenging for insurers, and no amount of finger-pointing by residents and politicians is going to change that fact…
Canberra flags transparency measures in inquiry response
29 January 2018
Treasury will consider requiring previous-year premiums to be displayed on renewal notices and other transparency measures as part of its response to the Northern Australia Insurance Premiums Taskforce and last year’s Senate inquiry…
ICA unveils flammable cladding protocol
29 January 2018
The Insurance Council of Australia has collaborated with Engineers Australia and Fire Protection Association Australia on a protocol to identify and address inappropriate use of aluminium composite panels…
VBA to conduct new cladding audit
29 January 2018
The Victorian Building Authority has announced a new state audit to address flammable cladding on high-rise buildings…
Expect the unexpected, Zurich warns
29 January 2018
This year’s Global Risks Report from the World Economic Forum shows companies must prepare for increased volatility and uncertainty, Zurich CEO General Insurance Raj Nanra has warned…
StrataRatings reveals first product grades
29 January 2018
Independent ratings agency StrataRatings has released its inaugural grading of strata products in the residential and commercial markets…
Satisfaction with household insurers falters
29 January 2018
Overall satisfaction with household insurers declined slightly last year from an 80.4% rating to 79.8%, according to the latest Roy Morgan research…
Most Kaikoura claims settled
29 January 2018
Insurers had fully or partially settled 88% of all domestic claims from the Kaikoura earthquake by the end of December, according to New Zealand industry figures.
Consumer advocate urges commission to act on add-on cover
29 January 2018
Sales of add-on insurance and funeral policies are often harmful and offer such little value they fall below community expectations, the Consumer Action Law Centre says…
Insurtech Australia joins global industry group
29 January 2018
Insurtech Australia has joined its overseas peers to establish a global body to foster the growth of digital start-ups…
Vehicle theft rates drop as Victoria lifts its game
29 January 2018
Australia’s vehicle theft rate dropped 2% in the year to last September and was down 10% compared with five years ago, according to the National Motor Vehicle Theft Reduction Council…
Migrants enrich Australian economy: CGU
29 January 2018
Migrants own one-third of small businesses in Australia and contribute significantly to the economy through job creation, taxes and entrepreneurial skills, according to a CGU-commissioned report…
NOTE FROM THE PUBLISHER
14 December 2017
This is the final weekly edition of insuranceNEWS.com.au for 2017. We will return on Monday, January 29. During the break major issues and events will be covered by our Breaking News service…
icare changes hit more than 400 jobs: union
11 December 2017
Workers’ compensation scheme reforms in NSW have affected about 430 general insurance industry jobs so far, according to the Finance Sector Union…
La Nina is here, weatherman says
11 December 2017
Australia is officially in a La Nina phase, albeit a weak one, according to the Bureau of Meteorology…
Brokers join forces on multi-peril crop cover
11 December 2017
MGA Insurance Brokers, Country Wide Insurance Brokers and Adroit Insurance Group have joined forces to bring new forms of crop cover to farmers…