Trucks, agriculture dominate workplace deaths list
19 March 2012
Truck-related incidents account for a third of all workplace deaths, and older workers are over-represented in the number of fatalities on agricultural properties…
Local
IAG to hold summit on insurance affordability
19 March 2012
IAG is to hold a risk summit in May to look at insurance affordability through community resilience to natural disasters…
Code compliance steady despite catastrophes
12 March 2012
Insurers’ compliance with the General Insurance Code of Practice for the 2010/11 financial year was not affected by the immense pressure put on them during last year’s natural disasters…
Claims to rise as residents return to flooded homes
12 March 2012
Residents of flood-affected communities in NSW and Victoria are slowly returning to their homes as insurers tally the cost of the latest spate of floods…
Settlement reached on Beechworth bushfire action
12 March 2012
Settlement has been reached on the 2009 Beechworth-Mudgegonga bushfire class action…
NZ industry, police jump on earthquake insurance fraud
12 March 2012
The Insurance Council of New Zealand is liaising with local media to counter the view that insurance fraud is a victimless crime…
Choice rates car insurers
12 March 2012
An ever-expanding market of car insurers is giving consumers more options in cover and price but also making it harder for them to select from an “abundance of choice”, according to consumer organisation Choice…
Big floods hit NSW and Victoria after weekend deluge
05 March 2012
One hundred-year rains have soaked Victoria and NSW in the past few days, with loss adjusters saying it may be some time before they can access some of the hundreds of affected properties…
Industry profit falls in December quarter
05 March 2012
The general insurance industry collectively earned after-tax profit of $639 million in the December 2011 quarter, down from $1.1 billion in the December 2010 quarter, according to the latest statistics…
Insurers ‘must lift performance’ to attract investors
05 March 2012
Insurers must find different ways to drive productivity, with poor performance testing the patience of investors, Insurance Council of Australia President and Wesfarmers Insurance MD Rob Scott…
More challenges for crop insurers
05 March 2012
The floods in Queensland, NSW and northern Victoria will affect the yield of some summer cereal crops…
Insurers focus on costs and efficiencies to improve performance
05 March 2012
Insurers are targeting policy administration for efficiency gains as they try to offset low investment returns by improving their operational performance…
NZ manufacturers rate insurers poorly on business interruption
05 March 2012
A survey of manufacturers in the earthquake-stricken Canterbury region has discovered widespread dissatisfaction with business interruption coverage…
Federal Government needs to step up on flood mitigation and mapping
27 February 2012
The insurance industry needs a greater commitment from the Federal Government on flood mitigation and mapping, Insurance Council of Australia President Rob Scott told ICA’s Regulatory Update…
Insurance Council to step up communication
27 February 2012
The Insurance Council of Australia will be more active in promoting the role of insurance to politicians and the public, after acknowledging the industry’s reputation suffered during last year’s disasters…
ASIC to scrutinise insurers’ sales methods
27 February 2012
The Australian Securities and Investments Commission will be looking closely at how insurance is sold to consumers, and pressing for stronger penalties for breaches, Commissioner Peter Kell…
Strata association dismisses insurance sales claims
27 February 2012
A national body representing strata owners has dismissed claims insurers are paying property managers large secret commissions…
Unlikeable insurers still trustworthy
27 February 2012
Consumers don’t like insurance companies, but they do trust them and are satisfied with their service, according to new research…
New insurance website to help the mentally ill
27 February 2012
A new website has been launched to improve access to insurance for sufferers of mental illness…
Updated code adds new deadlines for insurers
20 February 2012
The board of the Insurance Council of Australia has approved revisions to the General Insurance Code of Practice, following the political flak it copped over claims handling during last year’s catastrophes…