Truck maintenance a concern: NTI
11 March 2013
Heavy vehicle owners may be neglecting truck maintenance, according to National Transport Insurance…
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NZ opposition wants an insurance commissioner
11 March 2013
The New Zealand Opposition has called for the establishment of an independent insurance commissioner to put in place a dispute resolution mechanism for Canterbury residents…
Vehicle thefts continue to rise
11 March 2013
The total number of vehicle thefts rose by 10% in the December 2012 quarter, the latest figures from the National Motor Vehicle Theft Reduction Council show…
Government opts for mitigation
04 March 2013
The Federal Government appears to have closed the door on the idea of discounted insurance premiums for policyholders in high-risk flood zones, instead opting to tackle the flood affordability issue…
Brokers ‘can influence emergence’ of commercial comparators
04 March 2013
Comparator models for commercial lines pose a risk to the intrinsic value brokers give clients, according to QBE GM Australian Intermediaries Shaun Standfield…
New evidence emerges over Black Saturday bushfire
04 March 2013
Questions have been raised about the cause of the Kilmore East bushfire on the eve of a $1 billion class action…
Industry’s combined ratio returns to the black
04 March 2013
The insurance industry reported a net combined ratio of 90% last year, and its total profit rose 81% to $5.45 billion as insurers recovered from 2011’s natural disasters…
Summer catastrophes approach $1 billion mark
04 March 2013
Total insured losses from this summer’s catastrophes have risen to $942.1 million, according to the Insurance Council of Australia…
Customers should consider changing insurer: FSL Monitor
04 March 2013
Consumers who fear high charges in the final months of Victoria’s fire services levy should compare insurers’ quotes and consider switching, the state’s FSL Monitor says…
NZ disaster insurance ‘needs clarity, consistency’
04 March 2013
New Zealand’s natural disaster insurance model is flawed because it requires the Government and insurers to continually fund and resource operations designed for rare events, according to Vero NZ CEO Gary Dransfield…
Sports drugs inquiry raises risk management concerns
04 March 2013
Sporting code executives are reviewing their risk management procedures after the Australian Crime Commission revealed illicit drug-taking is widespread in some professional competitions…
NZ rate rises begin to ease
04 March 2013
New Zealand rates are starting to stabilise and large clients with good risk profiles are seeing premium reductions…
Farmers must carry acid risk
04 March 2013
Farmers and oyster growers who suffer damage from acidic water that has flowed from flooded swamps into the Manning River in northern NSW are unlikely to receive insurance payouts…
Shop around, Choice says
04 March 2013
Motorists are lazy and tend not to shop around for the cheapest car insurance, according to consumer group Choice…
NSW vows to act on Australia’s biggest flood risk
25 February 2013
Flood mitigation for the at-risk Hawkesbury-Nepean region of western Sydney is finally at the top of the political agenda, with the NSW Government and the Federal Opposition vowing to take action…
Experts advise insured Bundaberg flood victims
25 February 2013
Insurers “appear slower to respond” to claims from the Bundaberg floods than they were after the Brisbane catastrophe of 2011, according to Legal Aid Queensland civil justice lawyer Paul Holmes…
Suncorp and IAG earn analysts’ nod
25 February 2013
Analysts poring over profit announcements from Australia’s two leading local insurers have found cause for optimism, with most displaying new enthusiasm for Suncorp…
Small business premium funding decision delayed
25 February 2013
Premium funders and the National Insurance Brokers Association will continue to resist moves to extend consumer credit laws to small business, after the Federal Government deferred its decision on the matter…
Insurers’ quake payouts top $NZ6.7 billion
25 February 2013
Insurers have paid more than $NZ6.7 billion ($5.4 billion) on Canterbury earthquake claims, with the task of apportioning damage between the Earthquake Commission (EQC) and private insurers due to be…
Brands matter less with online travel cover
25 February 2013
An easily navigable website showing clear terms and conditions is the key to selling travel insurance, according to research by Global Reviews…