IAG links disasters to GDP
14 November 2016
IAG hopes its new report quantifying the threat natural disasters pose to Australian GDP will spur the Government and wider community into spending more on mitigation…
Local
Public and private ‘must pull together’
14 November 2016
Businesses should reassess their relationships with government during these challenging times, Suncorp CFO Steve Johnston says…
Health and safety reforms raise NZ liability concerns
14 November 2016
Health and safety regulations tightened when new legislation took effect in April, aiming to reduce the nation’s workplace injury and death toll 25% by 2020.
Heat extremes ‘to become normal’
14 November 2016
Extreme heatwaves such as those of 2013, when temperatures approached 50 degrees in some parts of Australia, could represent “just another average summer” by 2035…
Industry weighs up global disaster management forum
14 November 2016
The Australian insurance industry is considering the extent of its involvement in the United Nations-backed Insurance Development Forum…
Kiwi insurers warned to innovate or fade away
14 November 2016
New Zealand insurers must adapt and innovate or become fringe players in the digital age, KPMG says in an industry review…
Driverless cars to have ‘complex’ premium impact
14 November 2016
The shift towards driverless cars will probably have a mixed impact on premiums, according to Munich Re Underwriting Manager Australasia Scott Reeves…
Multiple dilemmas as brokerage gets licence suspension
07 November 2016
The Australian Securities and Investments Commission has opted only to suspend Rural & General Insurance Broking’s Australian financial services licence…
Motor vehicle clients happier, survey shows
07 November 2016
About 82% of clients are satisfied with their vehicle insurers, but Roy Morgan Research’s latest survey finds some major insurers well behind in the rankings…
Don’t buy airlines’ travel insurance, says Choice
07 November 2016
Airlines are charging inflated premiums for insurance bought during the online ticket sales process, consumer group Choice says…
Companies have ‘false sense’ of cyber security
07 November 2016
Businesses are leaving themselves wide open to cyber attacks, falsely believing they are well protected, according to a survey by consultant Accenture…
Cyber attacks pose $20 billion threat to economy
07 November 2016
Cyber breaches in major cities could cost the Australian economy up to $US16 billion, according to a study by Lloyd’s and Cambridge University…
Geoscientists develop terrorism blast model
07 November 2016
The Australian Reinsurance Pool Corporation can now estimate the financial impact of terrorist bomb blasts in several cities thanks to new modelling from Geoscience Australia…
Canterbury payouts near $NZ19 billion mark
07 November 2016
Private insurers have paid out almost $NZ19 billion on claims from the 2010/11 Canterbury earthquakes, the Insurance Council of New Zealand says…
ICA comes out swinging against Xenophon’s comparator call
31 October 2016
The Insurance Council of Australia has flatly rejected today’s call by influential senator Nick Xenophon for a government-run comparison website for home and car insurance…
Bushfire, coastal risks rising as climate shifts: report
31 October 2016
More fire danger days in southern and eastern Australia will occur as temperatures rise, while swollen seas are adding to coastal area risks, according to the latest CSIRO and Bureau of Meteorology State of the Climate report…
Compliant buildings ‘still at risk’
31 October 2016
Many homes supposedly built to withstand bushfires are highly likely to burn to the ground due to non-compliant modifications by property owners, a seminar has heard…
Automation will wreck car insurance, says academic
31 October 2016
The car insurance industry is in line for major disruption as automation removes risks, according to a new book…
Lawyer urges action on coastal erosion
31 October 2016
A lawyer has called for a cohesive policy on coastal erosion, claiming local councils are not up to the job…
ARPC urged to broaden scope as terrorists turn to ‘soft targets’
31 October 2016
The Australian Reinsurance Pool Corporation should consider extending its terrorism cover beyond commercial properties, according to legal expert Ralph Bonig…