21 February 2011
Politicians should be focusing on how the insurance industry is dealing with claims from the recent natural disasters and worrying about policy wordings later, Suncorp Group CEO Patrick Snowball…
21 February 2011
Insurers who refuse flood claims may be subject to legal action unless they can prove they advised policyholders that flood coverage was excluded, a lawyer’s group says…
21 February 2011
As life returns to relative normality for most living in Queensland’s flood zones, some brokers are still frustrated over delays in the time being taken by insurers to assess damage…
21 February 2011
The cost of flooding in Darwin from Cyclone Carlos is still being assessed as claims slowly trickle in…
21 February 2011
A UK small claims court decision to award compensation to a passenger stranded by the Icelandic volcanic ash cloud last year is not expected to set a precedent in Australia…
21 February 2011
The insurance industry’s standards developer, the Association for Co-operative Operations Research and Development, has new forms awaiting approval which it says will improve data collection…
21 February 2011
On March 15 it will be 10 years since the collapse of HIH, and the latest edition of our sister print publication Insurance News examines the history of the collapse, the major players and…
14 February 2011
“Scare stories” about flood terminology are discouraging Queenslanders from making claims, a public meeting organised by the Insurance Council of Australia heard last week…
14 February 2011
A report by actuarial consulting firm Finity concludes that Brisbane is likely to suffer future riverine flooding at higher levels than this year’s 4.5-metre peak…
14 February 2011
An expert panel of three hydrologists established by the Insurance Council of Australia began work in January on reports that the council believes will speed up the claims process for…
14 February 2011
Any plan for dealing with floods needs to tackle issues that are broader than property insurance, according to the Institute of Actuaries of Australia…
14 February 2011
Claims for the Queensland floods continue to rise, with Insurance Council of Australia members so far receiving more than 43,755 claims worth an estimated $2 billion…
14 February 2011
Insurance losses from Cyclone Yasi are set to exceed Cyclone Larry, although a final figure won’t be known for months due to a chronic shortfall of loss adjusters…
14 February 2011
Insurers have begun fielding calls from policyholders affected by the devastating bushfires that swept through Perth’s eastern suburbs last week…
14 February 2011
A new paper by the Australian Strategic Policy Institute calls on the Council of Australian Governments to play a role in solving the underinsurance crisis…
14 February 2011
NZ’s Earthquake Commission has rejected more than 500 claims from the September Canterbury quake because the claimants weren’t insured…
14 February 2011
A car insurance survey by consumer magazine Choice advises buyers to “shop around” before renewing…
14 February 2011
A builders group has branded the Victorian builders’ warranty insurance scheme a farce after insurer Calliden announced it would remain in the market…
07 February 2011
At least 150 properties in North Queensland have been destroyed by Cyclone Yasi and 650 significantly damaged, according to the Insurance Council of Australia…
07 February 2011
While Cyclone Yasi and the Queensland and Victorian floods have dominated national attention over the past week, major catastrophes in WA and Melbourne at the weekend have added to the nation’s woes…