Death mine starts preparing claims
29 November 2010
Pike River Coal has confirmed to the NZ Stock Exchange it has $NZ100 million ($77.6 million) of material damage and business interruption insurance…
Local
Call for more actuaries on insurance boards
29 November 2010
The Institute of Actuaries of Australia has called for more of its members to be included on the boards and risk management teams of insurance companies…
Quake teams ‘checking 1000 claims a day’
29 November 2010
New Zealand’s Earthquake Commission is facing growing unrest from Christchurch homeowners waiting for their homes to be fixed…
Emerging risks push boundaries
29 November 2010
Insurers are reaching a point where some risks are falling outside the “boundaries of insurability”, according to Zurich Australia Head of Global Corporate Kai Dwyer…
Seasonal crop insurance takes a step forward
29 November 2010
The WA Department of Agriculture and Food has joined the push for the development of crop insurance to cover seasonal risk…
WA workers happy with their insurers
29 November 2010
Injured WA workers are generally satisfied with the service they received from insurers, a new WorkCover WA survey has found…
Outside events put pressure on insurers
22 November 2010
The home insurance market is expected to return to profitability next year – as long as there are no large weather-related catastrophes…
Banks top home and contents tables
22 November 2010
The Commonwealth Bank’s CommInsure business provides the best value in home and contents insurance, according to Canstar Cannex in a performance measurement that places Australia’s banks…
Queensland faces a torrid summer
22 November 2010
As Queenslanders face above-average cyclonic conditions this summer, local media reports are suggesting premiums may have to rise to meet the potential damage claims…
Work starts slowly on rebuilding Christchurch
22 November 2010
Work on rebuilding damaged properties in Christchurch after the September earthquake is slowly starting to happen, but there are still a large number of claims to be assessed…
Market ‘soft but different’
15 November 2010
The commercial insurance market remains soft for now, but insurers’ behaviour in recent renewals is not typical of previous soft markets, according to major broker Marsh…
Lloyd’s moves closer to UAC
15 November 2010
Lloyd’s General Representative in Australia Adrian Humphreys will join the board of the Underwriting Agencies Council as a non-voting associate director…
Home and contents customers satisfied
15 November 2010
Most policyholders in a new survey by consumer organisation Choice have expressed satisfaction with their home and contents policies…
Insurance fraud rife
15 November 2010
Insurance fraud accounts for substantial claim losses across the industry, according to a new survey examining fraud in Australia and New Zealand…
Motor insurance remains profitable
15 November 2010
Motor insurance profitability will continue for the near future despite a number of new players joining the market…
More car thieves immobilised
15 November 2010
Anti-theft devices saved vehicle insurers and car-owners $60 million in claims in the last financial year, according to Australia’s peak body on vehicle theft reduction…
Rogash returns to help revive CEMAC
08 November 2010
Perth-based Insured Group has sold its CEMAC underwriting agency to Austagencies, with former CEMAC owner Murray Rogash returning to rebuild the company…
Consumers don’t trust brokers, says survey
08 November 2010
Insurance brokers and financial advisers are only trusted by a minority of consumers, according to a new survey by research house Datamonitor…
Earthquake to shake up NZ premiums
08 November 2010
New Zealand homeowners and businesses could soon be feeling the financial aftershocks of the Christchurch earthquake as tremors continue to shake the South Island city and the clean-up…
NZ farmers count cost of monster storm
08 November 2010
Insurance claims from a giant snowstorm in NZ’s Southland’s have reached $NZ47 million ($36.6 million), but the uninsured damage bill is expected to be much higher…