Failed insurance pool close to winding up
08 November 2010
The UK High Court has approved the final winding-up of a long-running insurance pool, with a creditors meeting to be held on November 30 in London…
Local
Excess capital sustains soft market
01 November 2010
More than $100 billion in capital excess for insurance and reinsurance markets will see the soft market continue, according to a global expert…
Catastrophic events are risky business
01 November 2010
Reinsurers can expect the catastrophe market to continue to grow following an increase in losses and severity of events in areas that haven’t previously been affected…
Ship leaves, legal action begins
01 November 2010
A local marine insurer is investigating legal action against a grain ship which last month collided with and sank a fishing trawler in Port Lincoln, SA…
Premium growth weak despite strong economy
01 November 2010
Leading economist Ian Harper says a growing economy and increasing demand isn’t leading to insurance premium growth as a result of international oversupply…
Taking vehicle risks seriously
01 November 2010
Companies are not managing the risks involved with their motor fleets in the same way as they would look after other industrial accidents, according to a fleet safety researcher…
Insurers still want a voice at climate talks
25 October 2010
Insurers still want a seat on the Federal Government’s new business roundtable on climate change, despite having been ignored by Treasury…
Harmer’s 2001 predictions
25 October 2010
CGU’s incoming CEO said nine years ago that collaborative relationships between insurers and brokers, professional education and good technology systems would underpin the future success of the…
IBNA’s IT move has ‘resounding approval’
25 October 2010
Members of the Insurance Brokers Network of Australia have greeted the cluster group’s new technology joint venture with “resounding approval”, according to director Peter Roberts…
PI cover for tax agents welcomed
25 October 2010
The Tax Practitioners Board requirement that all tax and Business Activity Statements agents have professional indemnity over will not be an issue, says a bookkeeping body…
Calls for national car re-birthing plan
25 October 2010
NRMA Insurance is calling for a national approach to car re-birthing as insurers predict premium rises following the NSW Government’s ban on re-registering written-off vehicles…
NZ leaky homes package faces delays
25 October 2010
Further delays to the NZ Government’s leaky homes package have been criticised by the Home Owners Association of New Zealand…
Cannex picks top travel insurers
25 October 2010
Research house Cannex has awarded five-star ratings to travel insurers iTrek, Southern Cross Travel Insurance, SkyCover, Virgin Blue and 1300 Insurance…
Insurance left off climate roundtable
18 October 2010
The insurance industry has been left off the Federal Government’s new business roundtable to discuss climate change policies…
QBE makes it nine in a row
18 October 2010
QBE has won the National Insurance Brokers Association’s General Insurer of the Year award for the ninth consecutive year…
Industry needs to sell itself better, says Snowball
18 October 2010
The insurance industry needs to ensure its value and social contribution is better understood by government and the community, according to Suncorp CEO Patrick Snowball…
First-hand experiences change climate views
18 October 2010
The severe storms that affected many parts of Australia earlier this year have influenced brokers’ views on climate change, according to a new survey…
Car theft not child’s play
18 October 2010
Australia’s peak body on vehicle theft reduction says an increase in the number of car immobilisers, a shift in youth culture and increased awareness has led to a reduction in vehicle-related crimes…
Toodyay fire victims get compensation
18 October 2010
The WA Government and electricity utility Western Power will fund a $10 million assistance package for victims of last December’s Toodyay bushfires…
Industry meets as NZ aftershocks rumble on
18 October 2010
The NZ insurance industry is banding together to deal with the aftermath of the Christchurch earthquake, even as aftershocks continue to rattle the city…