Calling insurance shonky a poor Choice, says ICA
31 October 2011
The decision by consumer advocate Choice to include the insurance industry in its 2011 Shonky Awards was irresponsible, Insurance Council of Australia CEO Rob Whelan says…
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Qantas grounding: Insurers ready to help if needed
31 October 2011
Travel insurers are not expecting a dramatic rise in claims from the grounding of the entire Qantas fleet at the weekend…
Global fire deaths trending down, but complacency is a danger
31 October 2011
Insurance think tank the Geneva Association says although the global death toll from fires is trending down, fire safety is often taken for granted in building developments…
Christchurch earthquakes cost rises to $NZ20 billion
31 October 2011
The New Zealand Treasury has upgraded the cost of the Canterbury earthquakes from $NZ15 billion ($11.5 billion) to $NZ20 billion ($15 billion)…
Insurers brace for claims from New Zealand gas outage
31 October 2011
Insurers and business are waiting to hear the cause of damage to the country’s largest gas pipeline to see if business interruption clauses are triggered…
UK targets Australia and NZ for investment
31 October 2011
The UK Government has launched a competition to encourage Australian and New Zealand businesses to invest in its ailing economy…
Queensland sees highest rise in residential premiums
24 October 2011
Queensland households have seen the highest increase in insurance premiums this year, according to Canstar Cannex’s annual rating of home and contents policies…
Power utility makes offer over bushfire
24 October 2011
Landowners in the Victorian regional centre of Horsham who joined a class action against electricity utility Powercor after losing property in the December 2009 bushfires have been offered…
Queensland faces new weather hit: report
24 October 2011
New Bureau of Meteorology data suggests this summer could see another La Nina event develop, leading to higher than average rainfall across northern and eastern Australia…
Low investment returns will harden market, says Swiss Re
24 October 2011
The continuing low interest rate environment will force the insurance market to harden over the next year, Swiss Re Chief Economist Thomas Hess has told insuranceNEWS.com.au…
Insurers ready for bad cyclone season
24 October 2011
Insurers are preparing for another tough cyclone season in northern Australia…
Earthquakes starting to lessen, say scientists
24 October 2011
Scientists have told the Canterbury Earthquakes Royal Commission that the likelihood of further quakes and aftershocks is starting to lessen, but an elevated hazard level will persist past one year…
Weather portal tells Queenslanders to ‘harden up’
24 October 2011
Queensland has taken a typically individualist and colloquial approach to disaster risk management with the launch of a website called Harden Up Queensland…
Ipswich outlines flood mitigation approach
24 October 2011
Ipswich City Council has outlined a number of measures being undertaken to minimise future flood risk…
Court finds earthquake cover reinstates immediately
24 October 2011
The High Court of New Zealand has decided that earthquake cover provided by the government-owned Earthquake Commission does not lessen when a claim is made…
Motor vehicle thefts continue to fall
24 October 2011
New figures from the National Motor Vehicle Theft Reduction Council for the 2010/11 financial year show that the number of vehicles stolen in Australia is continuing to decline…
Older Australians underinsuring their homes
24 October 2011
Older homeowners are underinsuring their properties by an average $131,000, according to new research by Suncorp subsidiary Apia…
Insurers defend their disaster claims-handling
17 October 2011
The industry has defended its claims-handling timeframes during last summer’s flood disasters, telling a parliamentary inquiry processing delays in such circumstances are “inevitable”…
NIBA plans code of conduct review
17 October 2011
The National Insurance Brokers Association plans to review its Code of Conduct during the next six months…
Earthquakes royal commission calls for upgraded buildings
17 October 2011
The Canterbury Earthquakes Royal Commission has recommended that unreinforced masonry buildings around New Zealand be improved as soon as practicable…