Christchurch earthquakes: EQC classifies new event
17 October 2011
New Zealand’s Earthquake Commission has classified the October 9 aftershock as a new event for insurance purposes…
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Queensland Floods Commission reviews Bundaberg, Maryborough, Gympie
17 October 2011
The Queensland Floods Commission of Inquiry is now in the final stages of its statewide review, with only Brisbane and Ipswich hearings left on the agenda…
NZ counts the cost of earthquakes
17 October 2011
The New Zealand Government has recorded costs of $NZ9.087 billion ($7.07 billion) from the Canterbury earthquakes in its financial statements for the year to June 30…
More players wanted to look after pets
17 October 2011
The limited number of underwriters in the pet insurance market has concerned consumer organisation Choice in its latest report on the sector…
Zuji wins Canstar Cannex award for medical travel insurance
17 October 2011
Online travel agency Zuji has won the annual Canstar Cannex award for Best Medical Travel Insurance Product, beating 41 other brands…
Push to regulate claim timelines
10 October 2011
Insurers lack basic communication skills and claims delays are adding to Queensland flood victims’ anxiety levels and contributing to mental health issues, according to two inquiries…
Christchurch earthquakes: Home inspections move into new phase
10 October 2011
The New Zealand Earthquake Commission has moved from a “worst first” strategy to inspecting properties street by street in Christchurch and has begun a campaign to get all contents…
Australian disasters to cost more than $4.23 billion this year
10 October 2011
Insurance companies have set aside more than $4.23 billion to pay for claims related to this year’s tally of natural disasters, according to the latest figures from the Insurance Council of Australia…
Lumley drops north Queensland property business
10 October 2011
Lumley Insurance is the latest insurer to withdraw from property cover in north Queensland following big losses last summer…
ACT adopts new emergency warning and information system
10 October 2011
The ACT Emergency Services Agency has launched a new website and social media accounts that will increase access to warnings and information…
Think global, act local: Snowball
03 October 2011
Suncorp Group CEO Patrick Snowball has told UK insurers the current economic climate has highlighted the need for insurers to be able to respond to “globally transmitted systemic change”…
New statistics mark decline of liability rates
03 October 2011
The extent of softening in the liability markets last year has been revealed in the latest statistics on public and product liability and professional indemnity rates from the National Claims and Policies…
Aon Benfield says reinsurance capacity for local cats ‘remains strong’
03 October 2011
Despite the losses experienced in the past year, reinsurers’ appetites for Australia and New Zealand property catastrophe cover remain strong, a local conference has been told…
Insurers to spend big on technology
03 October 2011
Australian insurers are likely to spend more than $5.2 billion on IT services and products in the next financial year…
Suncorp investigates GPS tracking acceptance
03 October 2011
Suncorp has taken its first tentative steps into the telematics market, funding a University of Sydney study into the public acceptance of GPS vehicle tracking systems…
Travel insurance ‘remains very competitive’
03 October 2011
The majority of travel insurance premiums have not changed during the past 12 months despite a stronger dollar and a spate of global natural disasters, according to Canstar Cannex…
Mapping technology ‘essential for flood cover’
03 October 2011
Mapping technology will be a key tool for insurers assessing the risks when writing policies, according to a spatial industry consultant…
In the latest issue of Insurance News (the magazine)…
03 October 2011
Broking cluster Steadfast is heading into a very big year, with a listing on the Australian Securities Exchange, a brand repositioning and moves to an all-electronic transaction system just some of the…
Challenging conditions ‘can have positive impact’
26 September 2011
Delegates attending last week’s National Insurance Brokers Association Convention in Sydney believe the current challenging global economic environment will present opportunities for business growth…
ICA to hold roadshows ahead of next cat season
26 September 2011
Insurance Council of Australia representatives are about to embark on a series of roadshows around the country to update insurers and loss specialists about the risks posed by the upcoming bushfire…