27 August 2012
More transparency and better relationships with customers are key to improving insurers’ reputations among the public, CGU’s GM Broker and Agent Mark Searles has told an industry conference…
27 August 2012
Home insurance in New Zealand may move to fixed-cover policies instead of full-replacement policies, as reinsurers seek more certainty about their exposure…
27 August 2012
Insurers have paid more than $500 million for flood damage and disruption at coal mines in Queensland’s Bowen Basin owned by BHP Billiton and its partners Mitsubishi and Mitsui…
27 August 2012
Confidence is growing over the recovery of earthquake-hit Christchurch, with the New Zealand Earthquake Commission successfully obtaining reinsurance…
27 August 2012
Premiums for compulsory third party motor insurance must rise for schemes to remain viable at a time when bond yields are falling, Suncorp says…
27 August 2012
Business owners are now more aware of how a natural disaster can affect their operations but the insurance industry can do more to help them prepare, according to panellists at an…
27 August 2012
Nearly half of all car thefts and break-ins occur in the owners’ driveways, garages or streets, an online survey by RACQ Insurance has found…
20 August 2012
The insurance market needs more underwriting discipline to offset the effects of low interest rates, according to Swiss Re Chief Economist Kurt Karl…
20 August 2012
Aon Risk Solutions has made two key appointments as it moves to replace senior managers who have left the company for rival brokerages…
20 August 2012
QBE has reduced the fire services levy applied to Victorian country and metropolitan policies just three months after increasing it by 10 percentage point…
20 August 2012
Ace Insurance will appeal against a Federal Court judgement awarding five former agents holiday pay…
20 August 2012
The Victorian Government must act fast to provide adequate court space for a class action related to the 2009 Black Saturday bushfires, which is likely to be the largest of its type, according to lawyers…
20 August 2012
The considerable gap between customer expectations and what private insurers and government agencies can deliver is a major concern, the head of Vero’s earthquake response has told…
20 August 2012
Floods at Yallourn power station in Victoria’s Latrobe Valley in June may cost owner TRUenergy $128.75 million, with the company still considering its options on insurance claims…
20 August 2012
Allan Manning runs a highly successful insurance services company…
13 August 2012
The Lloyd’s Market Association has warned syndicates writing Australian property business they face losses if they don’t correctly calculate their obligations for fire services levies in Victoria and NSW…
13 August 2012
Power distribution company SP AusNet, the subject of two class actions over Victoria’s Black Saturday bushfires in 2009, says it may not have enough insurance cover to pay out all damages if the actions…
13 August 2012
Ace Insurance has been ordered to pay $10,000 and substantial compensation to five former agents after the Federal Court ruled they were employees rather than independent contractors…
13 August 2012
El Nino conditions will impact Australia’s east in late winter or spring, according to the Bureau of Meteorology…
13 August 2012
The financial services industry, including insurance, spent the most on information and communications technology last year, at $9.6 billion – nearly 22% of the entire ICT spend in Australia…