SMEs are happy with their brokers: survey
23 July 2012
SMEs are more than content with their brokers and have an increased awareness of the role brokers perform, according to new research…
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SMEs still not clear on insurance, says Suncorp study
23 July 2012
Many SMEs remain underinsured and don’t understand what cover they need, says a new Suncorp white paper…
ACORD aims at Asia-Pacific
23 July 2012
The US-based Association for Co-operative Operations Research and Development plans to set up an Asia-Pacific insurance grouping based on its European “Ruschlikon” model which will make insurance…
London underwriters have issues over Christchurch
23 July 2012
London market underwriters are concerned about business interruption issues from the Christchurch earthquakes and are questioning how tougher regulations on strengthening buildings…
Insurers need commercial imperative to adapt to climate change
23 July 2012
The insurance industry can play a critical role in encouraging adaptation to climate change but needs a commercial imperative to do it, say researchers from the University of Sydney…
Low bond yields the new threat to profitability
23 July 2012
The collapse in bond yields is a new threat to insurers’ profitability, according to a report from Finity Consulting and Deutsche Bank…
Worker-to-worker claims increasing, so excesses are rising
23 July 2012
Insurers are increasing excesses for worker-to-worker claims, according to industry experts…
Buyer beware, says The Warranty Group
16 July 2012
The range of corporate structures in the warranty industry means that some providers can operate without an Australian financial services licence and some of them are tarnishing the industry, says…
Call to inspect buildings in cyclone path
16 July 2012
Housing in cyclone-prone areas should be inspected before the cyclone season so owners can strengthen their properties, James Cook University’s Cyclone Testing Station has recommended…
S&P to change rating methodology for insurers
16 July 2012
Ratings agency Standard & Poor’s plans to change the methodology it uses to rate insurance companies…
ICA backs report against compensation fund
16 July 2012
The Insurance Council of Australia supports a recommendation against establishing a last-resort compensation scheme for financial services consumers…
Ombudsman close to a result on flood claims
16 July 2012
General Insurance Ombudsman John Price expects to resolve quickly about 80 outstanding claims against insurers resulting from the January 2011 Victorian floods…
Quake commercial claims payout passes $NZ3 billion
16 July 2012
Insurers have now paid almost half of the commercial claims from the Canterbury earthquakes…
Share credit reporting information: ICA
16 July 2012
Lenders’ mortgage insurers should be allowed to access credit reporting information from other credit providers, even if they have little information to offer, the Insurance Council of Australia says…
Earthquake preparation helped earlier recovery
16 July 2012
Essential services agencies’ disaster planning reduced damage to their assets and improved the emergency response in the devastating earthquakes of 2010 and 2011, according to a report commissioned…
Online tool makes car theft data easier
16 July 2012
A new online mapping tool is making it easier for insurers to quickly obtain motor vehicle theft statistics for all local government areas across the country…
NSW takes first step to reform emergency services funding
09 July 2012
The NSW Government has announced reform of its emergency services levy system as it moves towards dropping taxes on insurance policies in favour of a property-based levy…
Shorten’s plan stumbles on a lack of willing brokers
09 July 2012
Many brokers are not geared up to handle personal lines business should recent measures announced by Financial Services Minister Bill Shorten aimed at making flood insurance simpler result in an influx…
ICA calls for disaster mitigation funding
09 July 2012
Much of the infrastructure replaced after the 2011 Queensland and Victorian floods has not been improved and will fail again during future floods of a similar magnitude, according to the Insurance Council…
‘No win, no pay’ flood class action looming
09 July 2012
Law firm Maurice Blackburn has confirmed it is close to filing for a class action lawsuit against Queensland Government-owned utility Seqwater for the mismanagement of the Wivenhoe Dam…