Mitigation shortfall leaves nation vulnerable: Suncorp
13 June 2017
Australia is playing catch-up on disaster mitigation, with the recent federal budget representing the latest lost opportunity to raise spending, Suncorp CFO Steve Johnston says…
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El Nino development ‘stalls’
13 June 2017
The development of an El Nino weather system has paused but there remains a 50% chance that threshold levels could be reached this year, according to the Bureau of Meteorology…
Cyber risk tops Australian insurance ‘banana skins’
05 June 2017
Australian insurers fear cyber risk more than their global counterparts do, indicating there is still much to be done in terms of mitigation, according to the head of insurance at PricewaterhouseCoopers…
Flammable cladding found on Melbourne hotel
05 June 2017
The Travelodge Hotel in Melbourne’s Docklands is working to replace non-compliant cladding discovered on the exterior of its building…
Technology lifts SME confidence, Suncorp finds
05 June 2017
SME businesses that use technology such as social media, mobile apps or search engine optimisation have higher confidence in their business outlook, according to a Suncorp report…
Shareholder lawsuits ‘are top cause of D&O losses’
05 June 2017
Shareholder class actions are increasingly common in Australia, making it imperative that companies are sufficiently covered by directors and officers’ liability policies, according to XL Catlin and law firm Wotton + Kearney…
Residents launch class action against building regulator
05 June 2017
A group of aggrieved residents whose homes are riddled with defects have launched a class action lawsuit against the Victorian Building Authority…
Hope for ‘turning point’ as Victoria car thefts decline
05 June 2017
Australia’s car crime capital, Victoria, has recorded an 8% decline in thefts in the four months to April 30 following a police and court crackdown on the state’s worst offenders…
Flood risk ‘must be minimised’
05 June 2017
Action must be taken to reduce and manage flood risk, Floodplain Management Australia President Ian Dinham says…
Industry makes $2.6 billion net profit
29 May 2017
Insurers and reinsurers made a combined net profit of $2.6 billion in the year to March 31, the Australian Prudential Regulation Authority says…
Remaining Infinity cables a ‘ticking time-bomb’
29 May 2017
Nearly half the faulty Infinity electrical cabling installed in homes and buildings across Australia and subject to a national recall is yet to be fixed, leaving thousands of people at risk of electrocution or fire…
Regulations threaten LMI premiums: S&P
29 May 2017
S&P Global is pessimistic about the Australian mortgage insurance industry’s premium prospects due to regulatory actions amid rising housing market risks…
NSW puts CTP fraud mastermind behind bars
29 May 2017
The mastermind behind an elaborate scam to cheat the NSW compulsory third party scheme has been jailed for at least three years as the state steps up its crackdown on fraudulent claims…
Personality analysis to aid mental health claims
29 May 2017
New technologies such as cognitive and personality analysis can help insurers more accurately profile mental health claimants and better handle claims, a KPMG research paper says…
Most cyclists lack adequate liability cover
29 May 2017
About 95% of Victorian cyclists risk huge public liability payouts and other costs in the event of an accident, campaigners have warned…
Financial fears setting back recovery: Konekt
29 May 2017
Worries about job security and finances are setting back the recoveries of injured Australians, according to research from workplace rehabilitation services provider Konekt…
Ambitious SMEs offer broking opportunities: Vero survey
22 May 2017
SME owners with long-term ambitions to build their businesses present a key opportunity for brokers, according to a Vero survey…
Local business unusually upbeat on economy, says Lambrou
22 May 2017
Australian businesses are more optimistic about the economy than their counterparts worldwide, while brand reputation, regulation and innovation pose the biggest threats, according to this year’s Aon Global Risk Management Survey…
Most insurance customers ‘open to robo-advice’
22 May 2017
Consumers’ embrace of robot-driven advice will herald a shift in the way insurance is sold, according to consultant Accenture’s latest industry report…
Data legislation ‘will transform business landscape’
22 May 2017
Mandatory reporting of data breaches will transform the Australian business landscape and push cyber insurance to the fore, QBE has warned…