Victoria moves towards driverless future
30 January 2017
The Victorian Government is preparing the way for automated vehicles on state roads…
Local
NOTE FROM THE PUBLISHER
12 December 2016
This is the final scheduled insuranceNEWS.com.au bulletin for 2016. We will return on January 30, with any significant industry news being covered by our Breaking News service during the recess…
Quest to restore margins nears critical period: Aon
12 December 2016
Insurers face a “critical time” in coming months as conditions that have squeezed margins show no signs of easing, Aon says in its second-half Insurance Market Update…
BOM downgrades La Nina risk
12 December 2016
The prospects of La Nina materialising are increasingly remote, according to the Bureau of Meteorology…
Competition to keep squeeze on premium rises: Fitch
12 December 2016
Fitch Ratings expects Australia and New Zealand insurer earnings to remain steady next year, with strong competition constraining premium rate increases and underwriting margins…
Steadfast broker hails tribunal decision on sacking
12 December 2016
Capital Mutual Insurance Brokers says it feels vindicated after the Fair Work Commission denied a former employee’s application for unfair dismissal…
Court backs insurer over NZ quake claim
12 December 2016
The Supreme Court of New Zealand has dismissed an appeal relating to a claim for damage from the Canterbury earthquakes…
Bushfire costs to double in NSW, ACT
12 December 2016
The economic cost of bushfires in NSW and the ACT will double to $200 million a year by 2050, according to a new report from the Climate Council…
Kaikoura quake claims pour in from across NZ
12 December 2016
New Zealand’s Earthquake Commission has received Kaikoura quake claims from as far away as Auckland in the north to the nation’s far south…
In Insurance News (the magazine)
12 December 2016
The 250th anniversary of a court case that led to the establishment of the principle of uberrima fides as a cornerstone of insurance is commemorated in the December-January issue of Insurance News (the magazine)…
Challengers struggle to satisfy customers
05 December 2016
Satisfaction scores for insurers Youi, Coles and Budget Direct are below the industry average and the trio may find it difficult to retain home insurance customers, according to Roy Morgan Research…
Wet winter fuels grassland fire risk
05 December 2016
Grassland areas in Victoria and NSW face higher bushfire risk, with average to above-average temperatures forecast for summer, the Bushfire and Natural Hazards Co-operative Research Centre says…
Insurers sharpen risk focus, survey finds
05 December 2016
All major Australian insurers have revisited their risk operating models over the past 18 months and honed their focus on this area, according to EY’s Asia-Pacific chief risk officer survey…
Kaikoura quake claim count nears 15,000
05 December 2016
New Zealand’s Earthquake Commission has so far received 14,660 claims following last month’s 7.8-magnitude Kaikoura quake, according to figures updated this morning…
Airlines ditch pre-selected travel cover
05 December 2016
Virgin Australia and its affiliated low-cost airline Tigerair have stopped pre-selecting travel insurance for customers using their online booking platforms, the Australian Competition and Consumer Commission says…
November hailstorm bill nears $200 million
05 December 2016
The insurance bill for the hailstorm that hit northwest Victoria, northeast SA and southern NSW on November 11 has reached $192.6 million from 28,146 claims…
Financial counsellors support FOS-CIO merger
05 December 2016
Most financial counsellors back a merger of the Financial Ombudsman Service and the Credit and Investment Ombudsman, according to a survey…
NMVTRC data to help car insurers
05 December 2016
Motor insurers can check the ages of passenger and light commercial vehicles stolen in each police jurisdiction over the past five years thanks to a new interactive tool developed by the National Motor Vehicle Theft Reduction Council…
Heatwaves ‘need categorising like cyclones’ to reflect dangers
05 December 2016
Heatwaves should be categorised in a similar manner to cyclones, according to Risk Frontiers lead scientist Thomas Loridan…
1600 insurance jobs lost this year, says union
28 November 2016
The Australian insurance industry has lost 1600 jobs this year, according to the Finance Sector Union…