La Nina fails to show
28 November 2016
The La Nina weather system, which typically brings increased rainfall and flooding to many parts of Australia, is looking increasingly unlikely to eventuate…
28 November 2016
The La Nina weather system, which typically brings increased rainfall and flooding to many parts of Australia, is looking increasingly unlikely to eventuate…
28 November 2016
Non-compliant restraints for air-conditioning, telecommunications and other fittings likely caused damage to commercial buildings in Wellington during this month’s Kaikoura earthquake, according to the Insurance Council of New Zealand…
28 November 2016
Claims from the hailstorm that hit northwest Victoria’s Mildura region earlier this month now total $120 million…
28 November 2016
Climate change is fuelling “super-charged storms” and Australia is failing to combat the trend, according to a Climate Council report…
28 November 2016
Flood mapping accuracy has vastly improved following data additions to the Australian Rainfall and Runoff national guideline document…
28 November 2016
National Transport Insurance has started an awareness campaign following a growing number of truck fire claims…
21 November 2016
Insured losses from the earthquake in New Zealand last week may range from $NZ1.15-$NZ5.3 billion, catastrophe modeller AIR Worldwide estimates…
21 November 2016
Australian insurers and reinsurers recorded a combined net profit of $3.1 billion for the year to September 30, up from $2.4 billion the previous year…
21 November 2016
General insurance will remain in a soft pricing cycle over the next couple of years, according to Taylor Fry director Kevin Gomes…
21 November 2016
About 19,200 claims totalling $108 million have been lodged with insurers since the severe hailstorm that struck northwest Victoria’s Mildura region more than a week ago…
21 November 2016
Liability insurers’ customer mix is changing, with the services sector dominating as manufacturing declines, Finity Consulting Actuarial Consultant Kim Nowaczyk says…
21 November 2016
The Federal Government’s Department of Human Services has won a court appeal over the actions of a funeral insurer operating in indigenous communities…
21 November 2016
Australian general insurers will achieve combined operating ratios of about 95% next year, even as premium growth remains flat, according to S&P Global Ratings…
21 November 2016
Thousands of jobs will go in insurers’ small claims management departments as they switch to automated processes, according to Ernst & Young Director Advisory Steven Girvan…
21 November 2016
Insurance technology company SSP New Zealand will move to a local data host to avoid a repeat of recent disruptions to its broker clients, caused by a power cut at its UK data centre…
21 November 2016
Disaster mitigation investment decisions are complex due to difficulties evaluating the benefits, according to the Actuaries Institute’s Natural Disasters Working Group…
21 November 2016
The Bureau of Meteorology has installed a new supercomputer to improve its weather forecasts…
14 November 2016
New Zealand was hit by a powerful 7.8-magnitude earthquake just after midnight local time this morning, causing the death of at least two people and damaging homes and roads…
14 November 2016
Brokers have a long way to go before they are considered leaders in innovation, according to Macquarie Business Banking’s latest Insurance Broking Benchmarking Survey…
14 November 2016
Insurers and reinsurers produced a combined net profit of $2.46 billion in their last financial years, according to the Australian Prudential Regulation Authority’s latest statistics…