New Zealanders consider Singapore-based captives
12 December 2011
Some major New Zealand insureds are looking at setting up captive insurance companies in Singapore as their country’s stronger prudential requirements come into force…
Local
In Insurance News (the magazine) this month
12 December 2011
The way brokers work, their attitudes, beliefs, concerns, challenges and ambitions are examined in depth in the latest edition of Insurance News (the magazine), which is being mailed out this week…
Insurers make a loss in September quarter
05 December 2011
Australia’s general insurance industry has bounced back from the disasters earlier in the year, although a $217 million loss for the sector was recorded in the September quarter…
Wilder weather the new norm
05 December 2011
Insurers must offer targeted and affordable cover to help prepare consumers for increasing and intense bouts of wild weather, according to Insurance Australia Group CEO Mike Wilkins…
SME insurance-buyers ‘wary’, Vero survey finds
05 December 2011
SME business decision-makers are wary of the insurance industry but not unhappy with their current cover, according to a new Vero survey…
Australia Post to sell travel insurance
05 December 2011
Australia Post will next year offer travel insurance at post offices, with a product underwritten by Munich Re subsidiary Great Lakes Reinsurance (UK)…
General insurance product uptake strong, says survey
05 December 2011
A survey by ANZ has found the take-up of general insurance products remains strong…
Insurers handling Margaret River claims
05 December 2011
Insurance companies have set up “shopfronts” in the fire-devastated Margaret River region of WA to handle claims…
Earthquake inquiry hears of Pyne Gould building fears
05 December 2011
People who worked in the Pyne Gould building in Christchurch became concerned about cracks in the walls after the first Christchurch earthquake but were told it was safe, the Canterbury…
Ombudsman outlines common flood complaints
05 December 2011
Common complaints to the Financial Ombudsman Service over flood insurance claims concern whether consumers have been clearly informed of their coverage, policy exclusions and definitions and hydrology reports…
Queensland floods blow the Budget
05 December 2011
Last summer’s Queensland floods have added to the Federal Government’s financial woes and made the chances of staying on course for a surplus much harder…
Christchurch earthquakes: Earlier shakes did not weaken major buildings
05 December 2011
The Christchurch earthquakes on September 4 and Boxing Day 2010 did not significantly weaken the resistance of three buildings that failed in the February 22 quake, an expert report has found…
NZ launches stolen cars database
05 December 2011
The New Zealand Police Department has launched a database providing a list of all stolen vehicles for the past six months…
House of Reps inquiry extended to probe strata title insurance
28 November 2011
The House of Representatives inquiry into the insurance response to disasters has been extended to cover residential strata title insurance and will hold public hearings in northern Queensland…
Bligh wants insurers to adopt flood definition now
28 November 2011
Queensland Premier Anna Bligh has called on insurers to adopt the proposed standard flood definitions before it becomes law…
ICA declares Margaret River fires an insurance catastrophe
28 November 2011
The Insurance Council of Australia has declared the Margaret River bushfires in Western Australia an insurance catastrophe event…
Comparator sites ‘will not kill off brokers’
28 November 2011
There will always be a role for brokers despite the growth of comparator sites in Australia, according to Ebix Australia MD Leon d’Apice…
Joyriding car theft on the decline
28 November 2011
Motor vehicle theft has fallen by a staggering 60% in the past 10 years as technology and socio-economic changes have cut the allure of joyriding and car laundering…
Residents demand independent advocate
28 November 2011
Desperate property-owners in earthquake-ravaged Christchurch are calling for an independent advocate to help them deal with insurance companies and the Earthquake Commission…
Board announced for Sydney’s international finance and regulation centre
28 November 2011
Sydney’s goal of becoming Australia’s financial hub was boosted last week with a forum held at the new Centre for International Finance and Regulation to announce the centre’s board…