30 April 2012
Victoria’s fire services levy on insurance premiums is rising again, with reports the State Government has abandoned a transition period under which the FSL would be dropped in favour of a…
30 April 2012
Governments should not subsidise premiums for household or business property insurance as this would hinder effective adaptation to climate change, the Productivity Commission warns…
30 April 2012
French trade credit insurer Coface has downgraded its ratings for Australia and New Zealand…
30 April 2012
The Association for Co-operative Operations Research and Development has released an Australia standard for review…
30 April 2012
The New Zealand Insurance and Savings Ombudsman is investigating complaints about offers made by insurers to some customers in the Canterbury “red zone”, but admits the row over repairs and…
23 April 2012
Standard & Poor’s has maintained its stable rating on the Australian general insurance industry, but says insurers’ efforts to increase rates “could be a challenge”…
23 April 2012
The New Zealand High Court has found three directors of failed finance company Bridgecorp guilty of making false statements in a prospectus, but uncertainty over directors’ and officers’ cover…
23 April 2012
The present insurance market involves the “best and worst of times” for brokers, insurers and customers, delegates at the A&I Member Services Convention in Auckland were told yesterday…
23 April 2012
Financial researcher Canstar has singled out Budget Direct and AAMI for outstanding value in car insurance. This is the third year in a row that both insurers have been named in this…
23 April 2012
New Zealand insurers are under fire for offering customers payments to repair homes in the Christchurch red zone, where land is deemed unsuitable for residential living…
23 April 2012
The New Zealand Government has given a new planning unit 100 days to come up with a redevelopment blueprint for central Christchurch…
23 April 2012
The Victorian Government has issued a writ against the electricity company responsible for the power line that caused the Kilmore-Kinglake bushfire on Black Saturday…
23 April 2012
Ratings agency Standard & Poor’s forecasts a stable outlook for the Australian lenders’ mortgage insurance market this year, despite a major local player reporting an “elevated loss…
16 April 2012
Organisations need to re-examine their risk management strategies and introduce new ways to strengthen their operational and financial resilience after last year’s catastrophes, says major broker Marsh…
16 April 2012
Product distribution remains a “thorn in the side” for many parts of the insurance sector, says JLT Australia in an industry review…
16 April 2012
The NSW Supreme Court has begun hearing a criminal case against Rural & General Insurance Brokers founder and MD Charles Pratten, who faces seven charges of obtaining a financial advantage by deception…
16 April 2012
Obtaining full earthquake insurance in the medium to long term in New Zealand is still uncertain and clients are feeling the impact of increased premiums, according to global broker Marsh…
16 April 2012
The finance and insurance industries were the star performers of the Australian services sector last month, according to the latest Australian Industry Group/Commonwealth Bank Australian Performance…
16 April 2012
The latest allegations about Victorian surveyors using unregistered building inspectors is unlikely to have major implications for warranty insurance policies, according to a commercial litigation…
16 April 2012
The General Insurance Code of Practice was extensively revised after the 2003 Canberra bushfires, but not enough, say the critics…