Canterbury quake damage mostly under EQC cap
15 February 2016
The Insurance Council of New Zealand expects few domestic claims following Saturday’s 5.7-magnitude earthquake in Canterbury…
Local
Rising insolvencies ‘highlight need for credit cover’
15 February 2016
The 18% rise in the number of business insolvencies last year should act as a warning to all organisations to protect their bottom lines, says major broker Marsh…
WA to test driverless buses
15 February 2016
A driverless bus will go on trial in WA later this year, in a first for the country…
ICA to hold forum for WA bushfire victims
15 February 2016
The Insurance Council of Australia will hold a forum for policyholders affected by the recent bushfire in WA’s southwest…
Consumer advocate questions strata grant progress
08 February 2016
Campaigners fear a $12.5 million scheme to provide grants to north Queensland body corporate managers for building assessments has been stalled by bureaucracy…
Victoria agrees rebuild package for bushfire victims
08 February 2016
Owners of homes and businesses destroyed by the Great Ocean Road bushfires will receive assistance to rebuild under a memorandum of understanding between the Insurance Council of Australia and the Victorian Government…
El Nino in ‘gradual decline’
08 February 2016
The worst of the current El Nino is over, with the weather phenomenon – which usually means drier and hotter conditions in Australia – easing from its peak late last year, according to the Bureau of Meteorology…
Industry urged to act on fossil fuel divestment
08 February 2016
Australian insurers should follow Allianz’s lead and begin divesting from fossil fuels, according to environmental group Market Forces…
NZ boards focus on risk as technology fears linger
08 February 2016
About three-quarters of New Zealand directors believe their boards spend more time discussing risk management than they did two years ago…
Insurers confident on year ahead
08 February 2016
The financial services and insurance industries expect “solid” improvements this year, with confidence rating just above the national average, according to the latest Sensis Business Index…
Claims figures show rarity of fearful events: IAG
08 February 2016
There is a large disparity between people’s greatest loss fears and their most likely sources of insurance claims, according to research commissioned by IAG New Zealand…
EQC pumps cash into volcano research
08 February 2016
New Zealand’s Earthquake Commission has announced $NZ1 million in grants to support research on volcanic eruptions and other natural hazards facing the country…
Report offers hope for brighter year ahead
01 February 2016
Australian general insurers will see premium rates and combined operating ratios pick up this year, according to a new report…
Summer catastrophes cost insurers $500 million
01 February 2016
The Insurance Council of Australia says four catastrophes declared since November have cost insurers more than $500 million…
Growth a challenge in tough market: Morgan Stanley
01 February 2016
Australian general insurers will find it difficult to generate growth as premium income continues to be pressured by stiff competition and investment yields remain depressed, Morgan Stanley says…
New finds exacerbate flammable cladding ‘crisis’
01 February 2016
A further seven Melbourne high-rise buildings have been found to feature non-compliant building cladding, sparking fresh safety fears…
Dodgy cables pose summer threat, watchdog warns
01 February 2016
Potentially deadly Infinity cables may degrade in hot summer months, causing fires and electrocution, the Australian Competition and Consumer Commission warns…
Businesses show risky attitude to Asian interruptions
01 February 2016
Australian businesses underestimate the importance of insuring against Asian supply chain interruptions, according to a new report…
Canterbury claims near end after ‘impressive’ 2015
01 February 2016
Private insurers are on track to settle the vast majority of Canterbury earthquake claims by the end of this year, according to the Insurance Council of New Zealand…
A NOTE FROM THE PUBLISHER
15 December 2015
This is the final scheduled insuranceNEWS.com.au bulletin for 2015. We will return on February 1, but while we’re in recess any significant industry news will be covered by our Breaking News service…