Suncorp reassures bushfire victims
02 December 2013
Anger over delays in cleaning up properties burned in last month’s NSW Blue Mountains bushfires has prompted Suncorp to assure policyholders they are covered for clean-ups…
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Suncorp warns on Sydney flood risk
25 November 2013
The Greater Sydney area faces the greatest flood impact risk in the country and mitigation should be a priority, Suncorp CEO Patrick Snowball has warned…
Cyber cover takes off as privacy crackdown looms
25 November 2013
Demand for cyber insurance is rising before the introduction in March of privacy laws that carry tough penalties for data breaches, AIG Australasian Professional Indemnity Manager Matthew Clarke says…
Researchers issue super El Nino warning
25 November 2013
Global warming is expected to increase the incidence of “super El Ninos”, which can cause multibillion-dollar losses and thousands of deaths…
Mental injury response requires overhaul
25 November 2013
Mental injury claims data shows the system needs an overhaul to encourage earlier returns to work and specialist medical intervention, according to actuarial consultant Finity…
12,000 claims follow Cook Strait quakes
25 November 2013
New Zealand’s Earthquake Commission says it has received 12,149 claims arising from the Cook Strait series…
Strata costs grow in WA cyclone zone
18 November 2013
Strata insurance costs have surged in northwest WA in the past five years as underwriters adopt a cautious approach to providing cover in the cyclone-prone region…
Stars align for ACORD in Australia
18 November 2013
Next year promises to be a breakthrough period for the Association for Co-operative Operations Research and Development in Australia, with more insurers expected to adopt its standard forms…
Lloyd’s Asia chief sees positive signs in NZ market
18 November 2013
Claims are still being settled, but Christchurch is well on the road to recovery and New Zealand remains attractive to insurers and reinsurers, Lloyd’s Head of Asia-Pacific and Asia MD Kent Chaplin says…
FOS acts to speed up dispute process
18 November 2013
The Financial Ombudsman Service says it will add specialist expertise to the early stage of its dispute resolution process, and will seek to eliminate the backlog of cases…
Industry GWP gains 4% as NZ quake costs ease
18 November 2013
New Zealand’s insurance sector posted a 4% rise in gross written premium for the year to June 30, KPMG says…
More consumers research products online
18 November 2013
A third of Australians have researched home and vehicle insurance online, and often switched providers as a result…
Affordability ‘major issue’ for NZ consumers
18 November 2013
Insurance affordability is one of the biggest problems confronting consumers in New Zealand, according to AA Insurance CEO Chris Curtin…
Heavy vehicle thefts buck downward trend
18 November 2013
Heavy vehicle theft increased 26% over the past decade, in a period when the overall number of stolen vehicles fell 44%…
Personal lines insurers urged to improve customer insights
11 November 2013
Direct insurance brands have started to threaten established insurers’ dominance in personal lines because consumers believe they are cheaper, Accenture insurance practice MD Ravi Malhotra says…
Capital flow leads to softer reinsurance rates
11 November 2013
The flow of capital into reinsurance markets has led to softening rates in Australia and New Zealand, Willis Re Head of Broking Glen Riddell says…
Shop around for home cover, says Choice
11 November 2013
Home insurance buyers should obtain quotes from three providers, because some will match or beat competitors’ premiums, according to Choice…
NSW bushfire losses grow to $183 million
11 November 2013
Loss estimates from the NSW bushfires have passed $183 million, with 1632 claims lodged and 27% of total-loss residential building claims settled, according to the Insurance Council of Australia…
NIBA warns brokers on FSL phase-out
11 November 2013
The National Insurance Brokers Association has warned members to implement systems that guard against charging the Victorian fire services levy on policies renewed after July 1…
NZ Auditor-General criticises EQC
11 November 2013
New Zealand’s Auditor-General has raised a number of concerns in a review of the Earthquake Commission’s home repair program…