Industry ‘must stamp out’ smash repair fraud
08 August 2016
Rogue panelbeaters are charging insurers inflated bills for repair work that is, in many cases, deliberately engineered, according to industry experts…
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Social networks can’t be ignored: Finity
08 August 2016
Tech giants such as Facebook and Google pose challenges for personal lines insurers and it is “commercially questionable” to disregard social media as a key distribution channel, according to Finity Consulting and Deutsche Bank’s Pendulum report…
Yarloop homeowners consider bushfire class action
08 August 2016
Residents from Yarloop have met law firm Slater & Gordon to discuss a possible class action after bushfire devastated the WA town…
Young actuaries learn key to future success
08 August 2016
Striking a balance between innovation and experimentation and supporting the core business is crucial, an Actuaries Institute seminar in Sydney heard…
Flood claims hit Kiwi insurers
08 August 2016
Wild weather and flooding in March resulted in insured losses of more than $NZ30 million, according to the Insurance Council of New Zealand…
Terms set for financial system complaints review
08 August 2016
The Federal Government today released the terms of reference for a review of the financial system’s external dispute resolution and complaints network…
Top lines anaemic, profits subdued: Finity
01 August 2016
The business environment for insurers will remain tough and profitability subdued, according to the latest Pendulum report from Finity Consulting and Deutsche Bank…
Four Corners probes insurers’ methods
01 August 2016
The ABC’s Four Corners program tonight will focus on the “humiliating and harmful” practices of insurers investigating traumatised police officers…
Industry records biggest confidence rise
01 August 2016
The insurance and finance sector’s confidence level rose 19 points to +58 in the June quarter, the biggest gain among 10 industries monitored by the Sensis Business Index…
Allianz drops court appeal over CTP payout
01 August 2016
Allianz has withdrawn its appeal against a NSW Supreme Court decision to uphold a $1.8 million compulsory third party insurance claim…
Super funds urged to provide unemployment cover
01 August 2016
Jobs Australia has called for industry superannuation funds to provide unemployment insurance…
Fossil fuel chiefs put green tech at top of risk list
01 August 2016
The technology revolution in renewable energy is considered a major risk among Australian mining, gas and oil sector executives, according to a Willis Tower Watson survey…
Fitch upbeat on insurers’ earnings this year
25 July 2016
Australian general insurers should achieve strong earnings this year if natural hazard claims remain moderate, according to Fitch Ratings…
Ocean temperatures suggest more rain for south
25 July 2016
Indian Ocean temperature changes are pointing to possible above-average rainfall in southern Australia this winter and spring…
Crackdown on imports as asbestos concerns deepen
25 July 2016
Customs officials are investigating building materials imported by Chinese company Yuanda for possible asbestos contamination, amid growing concerns over the use of illegal products…
East coast storm insured losses hit $377 million
25 July 2016
Estimated losses from the east coast low that hit Queensland, NSW and Tasmania last month now stand at $377 million…
Union deal ‘will hit bushfire preparations’
25 July 2016
A controversial agreement due to be imposed on Victoria’s Country Fire Authority will have a significant detrimental impact on bushfire preparedness, an inquiry has heard…
Crackdown demanded as fresh asbestos scare erupts
18 July 2016
The Building Products Innovation Council wants tougher regulations to stop the use of illegal construction materials, after it emerged roof panels on a new Perth children’s hospital contain asbestos imported from China…
Turkey coup attempt puts spotlight on travel cover
18 July 2016
Travel insurers do not usually cover losses caused by army coups, the Insurance Council of Australia says…
Lloyd’s consortium takes livestock cover to new level
18 July 2016
A new Lloyd’s consortium will offer cover of up to $US30 million per location for livestock risks, with Australia expected to be a key market…