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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…

Fittings failures add to Wellington quake damage

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…

Data upgrade improves flood mapping

28 November 2016

Flood mapping accuracy has vastly improved following data additions to the Australian Rainfall and Runoff national guideline document…

Soft cycle tipped to persist

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…

Mildura hail losses climb past $100 million

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…

Job losses loom in claims management

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…

SSP NZ switches host after outage

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…

New Zealand hit by 7.8-magnitude earthquake

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…

Brokers vulnerable, Macquarie survey shows

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…

(Re)insurers record combined $2.4 billion profit

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…