General insurance disputes down, says FOS
29 July 2013
The Financial Ombudsman Service received fewer general insurance disputes in the June quarter, with all cases down 8% on the corresponding period last year…
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Tailor products to low-income earners, insurers urged
29 July 2013
Insurance for people on low incomes must be better targeted to their needs, according to a report released today by community group Good Shepherd Microfinance…
EQC receives 2000 claims after Wellington quake
29 July 2013
New Zealand’s Earthquake Commission has received 2101 claims arising from the series of quakes that shook Wellington a week ago…
Privacy amendment may spark rush for cyber cover
29 July 2013
A proposed change to the Privacy Act will force businesses to notify affected clients and relevant regulators if personal information is leaked – thus raising the risks posed by cyber attacks and accidental breaches…
Queensland floods prompt fewer disputes
29 July 2013
The Financial Ombudsman Service has received just 17 disputes after this year’s Queensland floods, compared with 1419 after the 2010/11 event…
Brokers, actuaries condemn self-education cap
29 July 2013
Plans for a $2000 cap on self-education tax deductions are a backward step that undermines Australia’s ambition to have a highly trained workforce, brokers and actuaries warn…
Fight against car theft to focus on parts trade
29 July 2013
Preventing vehicle thefts that meet the rising demand for parts and scrap metal is a key aim of the National Motor Vehicle Theft Reduction Council’s 2013-2016 strategic plan…
NZ awaits damage reports from Wellington quake
22 July 2013
The full cost of a 6.5-magnitude earthquake that shook Wellington yesterday may not be known for weeks, according to the Insurance Council of New Zealand…
State’s fire services charge will ‘kick businesses’
22 July 2013
Victoria’s new method of funding its fire services could hit businesses, the Australian Property Institute has warned…
ICA calls on councils to provide latest flood data
22 July 2013
The Insurance Council of Australia has urged local governments to submit flood data and mapping to an industry database, to ensure premiums accurately reflect risk…
NZ homeowners warned against unqualified valuers
22 July 2013
New Zealanders risk having their homes valued by unqualified surveyors as new companies take advantage of changes to insurance policies…
Pike River insurance won’t cover victims’ payouts
22 July 2013
Most of the insurance payable to Pike River Coal, whose mine on New Zealand’s West Coast collapsed in an explosion, has gone on legal fees – leaving only a few thousand dollars for each of the 29 victims’ families…
Court upholds directors’ access to D&O proceeds
15 July 2013
The NSW Court of Appeal has handed down Australia’s first major decision on access to directors’ and officers’ cover, ruling insurers can pay defence costs under D&O policies before any third-party claim on…
Price of materials rated region’s greatest risk
15 July 2013
The price of raw materials is now the leading threat to businesses in the Asia-Pacific region, according to this year’s Lloyd’s Risk Index…
Disaster resilience campaign picks up pace
15 July 2013
A business campaign to increase Australia’s disaster resilience is moving into its next phase, with meetings to highlight mitigation case studies and discuss further action…
Get to know your broker, Aon says
15 July 2013
Businesses must have better conversations with their insurance brokers or risk being left exposed, according to Aon…
NSW community questions 400% premium rises
15 July 2013
Narrabri Shire in NSW has protested to the Insurance Council of Australia after home premiums in the town of Wee Waa increased by up to 400%, despite it having a levee that has prevented flooding for three…
Property reinsurance demand still strong
08 July 2013
Demand for Australian property reinsurance continues to grow, with significant capacity remaining in the market, according to a report by Willis Re…
Researchers urge mitigation in face of climate change
08 July 2013
Reducing disaster risk should be part of any climate change adaptation policy, a new report says…
Canberra closes insurance loophole on MPs
08 July 2013
Federal politicians will have public liability, management liability and travel cover under new policies placed by the Commonwealth’s insurance broker Gallagher Australia…