Bundaberg to get 10-year flood plan
26 October 2015
Bundaberg will get a 10-year flood action plan on the completion of a new flood study, the Queensland Government says…
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Brokers’ compliance committee sets out year of activity
26 October 2015
The Insurance Brokers Code of Practice’s Code Compliance Committee has a busy year ahead, according to its latest annual report…
Digital future for insurance ‘is not just about technology’
26 October 2015
A paper by US telecommunications giant Verizon highlights the importance of cultural change as a precondition for successfully implementing digital strategies in insurance companies…
General insurance disputes rise
26 October 2015
The number of disputes lodged with the Financial Ombudsman Service increased 1% to 31,895 last financial year…
June storms cost NZ insurers $46 million
26 October 2015
Extensive flooding on the lower North Island and the west coast of the South Island in June cost insurers $NZ50 million, bringing the year’s disaster total to $NZ113 million, according to the Insurance Council of New Zealand…
Entsch slams ‘misleading, disruptive’ ICA
19 October 2015
Federal backbencher Warren Entsch has fired another broadside at the insurance industry, accusing it of ignoring the “insurance crisis in northern Australia”…
Majors in no rush to join comparison sites
19 October 2015
With the exception of the health sector, major insurers are unlikely to jump on the comparison website bandwagon any time soon, according to analysts…
El Nino has an upside
19 October 2015
While the El Nino weather effect is expected to increase the incidence of drought and bushfires in Australia this summer, it may have one positive effect – by lowering the number of tropical cyclones crossing the coast…
Roundtable renews push for disaster mitigation
19 October 2015
The Australian Business Roundtable for Disaster Resilience & Safer Communities has again called on the country to invest more in mitigation before what is expected to be a severe bushfire season…
Quarry cleared over deadly Grantham floods
19 October 2015
The sheer magnitude of rainfall, not man-made features, caused the floods in the Lockyer Valley in southeast Queensland that killed 12 people and destroyed more than 50 homes, a commission of inquiry has found…
Cool Indian Ocean reinforces El Nino
12 October 2015
The Bureau of Meteorology has issued an extraordinary update, putting state emergency services and control centres “on full guard” due to cooling in the Indian Ocean that will exacerbate El Nino’s impact…
North Queensland comparator reveals search figures
12 October 2015
The Federal Government’s North Queensland Home Insurance comparison website attracted 4700 users who conducted 6275 sessions in the first six months of operation, figures prepared for insuranceNEWS.com.au reveal…
FOS hails its fast-track resolution process
12 October 2015
The Financial Ombudsman Service says its new fast-track dispute resolution process is delivering in the general insurance sector…
NSW weighs up mandatory cover for cyclists
12 October 2015
The NSW Government is considering mandatory insurance for cyclists, along with other proposals to improve road safety…
Innovation ‘only answer to disruption’
12 October 2015
Disruption was the theme of Aon’s 11th Advanced Risk Finance Conference in Melbourne last week…
NZ businesses lose confidence in cyber defences
12 October 2015
New Zealand organisations’ confidence in their information security measures is falling, according to a PricewaterhouseCoopers study…
In Insurance News (the magazine) this month
12 October 2015
It didn’t rain enough at Monte Carlo during the September Reinsurance Rendezvous, putting paid to the hopes of industry heavyweights who were following the old dictum that when it rains during the event, the market will turn…
Ocean temperature adds to bushfire threat
05 October 2015
The Indian Ocean Dipole has moved into a positive phase, increasing fears of a severe bushfire season…
Bushfire experts welcome NSW Coroner’s proposals
05 October 2015
The Bushfire and Natural Hazards Co-operative Research Centre has welcomed proposals from the NSW Coroner’s Court on ways to better manage bushfires…
ICA warns of ‘government interference’ on climate change risk
05 October 2015
Insurers are well placed to manage climate change risks and government meddling will only increase the cost burden on consumers, the Insurance Council of Australia says…