Christchurch payouts progress as tremors continue
03 June 2013
Insurers are paying $NZ3 million ($2.5 million) a day in residential claims settlements from the Canterbury earthquakes, according to the Insurance Council of New Zealand…
Local
EQC silent on flat reinsurance report
03 June 2013
The New Zealand Earthquake Commission has declined to confirm a UK insurance media report that it will avoid a rate increase when it renews its reinsurance treaty this year…
In Insurance News (the magazine) this month
03 June 2013
The wide world of insurance is well illustrated in the latest edition of Insurance News (the magazine), while will be posted out to subscribers this week…
FSL monitor calls public hearing and issues first report
27 May 2013
Victorian Fire Services Levy Monitor Allan Fels has asked Allianz, CGU, RACV, QBE and Suncorp to attend a public hearing to discuss removal of the charge from insurance premiums…
ICA to hold insurance ‘literacy’ drive
27 May 2013
The Insurance Council of Australia is to launch a campaign to teach consumers about insurance and its benefits…
Car cover premiums soar
27 May 2013
Average car insurance premiums have risen at more than three times the rate of inflation in the past year, according to Canstar’s annual survey…
ICA considers code review recommendations
27 May 2013
The Insurance Council of Australia board is considering the recommended changes to the General Insurance Code of Practice…
NZ court grants stay in Civic reinsurance case
27 May 2013
The New Zealand High Court has allowed German reinsurer R+V a stay of legal proceedings in a dispute with local government insurer Civic…
Insurers face ‘growing challenge’ on enterprise risk management
27 May 2013
Enterprise risk management is still evolving and poses a strategic challenge to insurers, according to Milliman Australia Principal Josh Corrigan…
Correction
27 May 2013
In last week’s edition of insuranceNEWS.com.au we reported that New Zealand insurers have provided $NZ325,000 ($271,000) to support the work of the Canterbury Insurance Advocacy Service…
New brands growing faster than major players: Roy Morgan
20 May 2013
New general insurance brands are expanding their customer bases at the expense of traditional market leaders, according to researcher Roy Morgan…
Environmental toll is rising, says Hartwig
20 May 2013
A rising toll of natural catastrophes has hit the cost and availability of insurance coverage in parts of Australia, says Insurance Information Institute President Robert Hartwig…
Victorian clients give mixed response to FSL savings
20 May 2013
The end of Victoria’s fire services levy should prompt an increase in insurance coverage as premiums fall, but brokers report a mixed response so far from clients…
Government postpones aged care bond insurance plan
20 May 2013
The Federal Government has delayed a requirement for aged care homes to insure residents’ bond payments…
High Court reinforces ruling on medical negligence
20 May 2013
The High Court has dismissed a medical negligence case against a surgeon, in a decision that provides certainty to the insurance industry…
July reinsurance prices to remain flat, Munich Re predicts
13 May 2013
Australian cedants hoping for lower reinsurance costs from July 1 could be disappointed, with Munich Re expecting a “stable price” in the region’s key renewals period…
Rising capacity will drive lower rates: Aon
13 May 2013
Insurance premiums in some Australian commercial markets may fall after an easing trend emerged last year, Aon says…
Risk Frontiers joins cat modelling partnership
13 May 2013
Australian natural hazards research centre Risk Frontiers has joined forces with US group Risk Management Solutions on a new open platform built exclusively for insurers…
Trade credit claims drop, but collection activity rises
13 May 2013
Trade credit insurance claims fell 9% in the first quarter, according to the latest report from National Credit Insurance Brokers…
Affordability still a key issue, says ICA
13 May 2013
Insurance affordability will continue to be a “hot-button issue”, according to Insurance Council of Australia CEO Rob Whelan…