Cook Strait quakes pass 9000 claims
16 September 2013
New Zealand’s Earthquake Commission has now received 9121 claims relating to the recent Cook Strait tremors…
Local
Intermediaries’ half-year premium tops $8.5 billion
09 September 2013
Brokers and other general insurance intermediaries invoiced $8.5 billion in premium in the six months to June 30, up 6.5% on the first half of last year…
FOS review seeks submissions
09 September 2013
The Financial Ombudsman Service has engaged governance advisory group Cameron Ralph/Navigator to conduct an independent review of the organisation…
ICA hits back at ‘excessive’ premium stories
09 September 2013
The Insurance Council of Australia has rejected “inaccurate” media reports about excessive home contents premium rises, arguing claims have spiralled in recent years…
Researchers call for new bushfire risk strategy
09 September 2013
A study into the Black Saturday bushfires has revealed a need to rethink risk strategies…
EQC sends all over-cap Christchurch claims to insurers
09 September 2013
New Zealand’s Earthquake Commission has passed on all quake claims that exceed its $NZ100,000 ($86,000) cap to private insurers…
Herbert to face NZ court next year
09 September 2013
The founder of Herbert Insurance will face court next August over the New Zealand brokerage’s collapse in 2011…
Queensland mitigation benefits ‘will take time’
02 September 2013
Allianz has warned against “unrealistic expectations” after the Queensland Government pledged $50 million for flood mitigation work…
Insurance CROs lack seniority, Deloitte says
02 September 2013
Chief risk officers in the insurance industry typically hold less senior positions than in other financial services sectors, a global survey by Deloitte has found…
Industry profits reach $5.2 billion
02 September 2013
The insurance industry recorded a net profit of $5.2 billion in the year to June 30, up from $3.7 billion the previous year, the Australian Prudential Regulation Authority says…
Give insurers lead role in NZ quake claims: Vero
02 September 2013
Vero wants private insurers to take the lead handling some claims involving New Zealand’s Earthquake Commission, to simplify the process following natural disasters…
Hollard CRO warns of technology threat
02 September 2013
Technology risks are a major concern for the industry, according to Hollard Chief Risk Officer David Hall…
Insolvencies high, but weaker dollar tipped to help
02 September 2013
Australian insolvency rates remain stubbornly high, but a further drop in the dollar’s value should help sectors such as tourism, according to trade credit insurer Atradius…
EQC takes almost 8000 Cook Strait claims
02 September 2013
New Zealand’s Earthquake Commission has received 7899 claims relating to last month’s Cook Strait tremors…
Claims Comparison website launches with first awards
26 August 2013
A new claims comparison website that measures insurers’ claims performance has been launched this morning with the naming of its first four winners…
Banks and health funds drive growth of cyber crime cover
26 August 2013
The cyber risk insurance market is growing steadily, with financial institutions such as health funds and smaller banks among the first adopters, according to Zurich Head of Financial Institutions Asia-Pacific Damian Lynch…
Insurers fail to meet rogue-trader risk: Zurich
26 August 2013
Rogue traders such as Nick Leeson pose a major threat to financial institutions but insurers struggle to offer adequate cover for such cases, according to Zurich Head of Financial Institutions Asia-Pacific Damian Lynch…
China slowdown ‘would hurt LMIs’
26 August 2013
A hard landing for China’s economy would spark sharp losses for Australia’s lenders’ mortgage insurers, Standard & Poor’s warns…
Cook Strait quake claims continue rising
26 August 2013
New Zealand’s Earthquake Commission says it has received 6626 claims relating to the recent Cook Strait tremors…
Banksia auditor told to produce PI document
26 August 2013
A failed finance company’s auditor must show a copy of his professional indemnity policy to a receiver, after a court ruled it was relevant to the company’s affairs…