07 March 2011
The Federal Opposition will support tougher regulation of the insurance industry if policy claims from the Queensland and Victorian floods are not resolved quickly, according to emergency services…
07 March 2011
NZ’s national injury insurer, the Accident Compensation Corporation, expects the second Christchurch earthquake to cost it $NZ370 million ($270.4 million)…
07 March 2011
Almost all cyber crime is financially motivated and insurance is a major target, according to a report by the Australian Institute of Criminology…
07 March 2011
Damages continue to mount in the Northern Territory as claims from Cyclone Carlos reach $4.5 million…
28 February 2011
The first insurance industry victim of last week’s Christchurch earthquake has been named…
28 February 2011
Initial estimates for NZ’s 6.3-magnitude earthquake in Christchurch last week show insured losses could reach up to $NZ11.5 billion ($8.5 billion)…
28 February 2011
While the major reinsurers have been relatively quiet about the possible impact of the latest string of catastrophes in Australia, the NZ insurance industry is already braced for substantial change…
28 February 2011
The NZ Earthquake Commission has refuted media reports that damage from this latest aftershock will drain its funds…
28 February 2011
A leading figure in the claims sector says attacks on the independence of hydrologists reporting to the Insurance Council of Australia are “nonsense”…
28 February 2011
The Queensland Government has bowed to Federal Government pressure and begun seeking reinsurance quotes, but Queensland Finance Minister Rachel Nolan says the price and…
28 February 2011
Risk consultants Aon and the Royal Bank of Scotland research arm Equities predict recent catastrophic events in Australia won’t be enough to turn the soft commercial market cycle…
28 February 2011
The outlook for crop insurance premiums is looking positive for the next 12 months, says Primacy Underwriting Agency Underwriting Manager Peter Book…
28 February 2011
About 35% of medium and large-sized businesses affected by the Queensland floods do not have insurance, a National Australia Bank survey has found…
28 February 2011
Increasing class actions against companies and their boards are continuing to add pressure to directors’ and officers’ insurance…
28 February 2011
Peak global standards organisation the Association for Co-operative Operations Research and Development has shifted its focus from selling the message of uniform standards…
28 February 2011
The lack of lenders mortgage insurance portability is cited as a bigger problem for homeowners than exit fees…
21 February 2011
The first hydrology report has been released by the Insurance Council of Australia, with CEO Rob Whelan saying the remaining reports will be released by the end of the month…
21 February 2011
Queensland Treasurer Andrew Fraser has put the overall damage bill from Cyclone Yasi at around $800 million…
21 February 2011
Questions continued to be asked about why the Queensland Government chose not to reinsure some of its risk…
21 February 2011
Australian insurers should expect rate increases at the June 30 reinsurance renewals period that are above the 15% experienced in 2010 and 2009, Munich Re has warned…