07 February 2011
Reinsurance broker Aon Benfield has estimated the damage from the floods in Queensland, Victoria and NSW could reach $20 billion, making it the costliest natural disaster in Australian history…
07 February 2011
The Insurance Council of Australia is dead against it, but that hasn’t stopped giant broker Marsh calling on the Federal Government to consider introducing a flood reinsurance pool similar to the successful…
07 February 2011
Suncorp Group CEO Patrick Snowball has declined to speculate on suggestions that insurance premiums in Queensland could rise by 30%, but says more work needs to be done on risk mitigation…
07 February 2011
Brisbane insurance brokers say delays in claim approvals are inevitable given the scale of the Queensland floods…
07 February 2011
The Insurance Council of Australia is fronting up to flood-affected Queensland from tomorrow when it joins the Financial Ombudsman Service and Queensland Legal Aid in a series of community…
07 February 2011
Loss adjusters are calling in reinforcements from Canada, the UK, Asia and the US to cope with the growing barrage of claims from the Queensland and Victorian floods and Cyclone Yasi…
07 February 2011
Strata insurance in north Queensland is becoming “almost impossible to place” amid severe price hikes and an unwillingness by underwriters to cover high-value properties…
07 February 2011
Today is the second anniversary of Victoria’s Black Saturday bushfires, and all but a few of the 10,280 claims that resulted have been settled…
07 February 2011
NZ insurers have been slammed for trying to “protect their customers” after several in earthquake-ravaged Christchurch and the surrounding Canterbury region received full-price premium renewals…
07 February 2011
Natural disaster disruptions have rocketed to the top of the list of concerns for NZ businesses, according to the latest Marsh risk survey…
31 January 2011
Assistant Treasurer Bill Shorten will sit down with insurance industry leaders in Sydney on Thursday to find ways to make flood insurance more commonly available…
31 January 2011
Claims from the Queensland floods are expected to exceed $1.5 billion – but this doesn’t include claims from mining and heavy industrial sectors, which are expected to be massive…
31 January 2011
Claims related to the Victorian floods have so far reached $69 million, the Insurance Council of Australia reported today…
31 January 2011
Brokers are bracing for legal actions from flood-affected policyholders who claim they weren’t informed they were not covered…
31 January 2011
While reinsurance has sheltered insurers from the very worst of Queensland’s floods claims, treaties are now almost certain to rise, according to the world’s largest reinsurer…
31 January 2011
As hundreds of small businesses begin grappling with the aftermath of the Queensland and Victorian floods, a startling number will be left short, with a growing percentage not covered for business…
31 January 2011
The insurance sector faces an uncertain outlook for investors, according to Melbourne-based fund manager Aviva Investors…
31 January 2011
Life insurance members of the Financial Services Council say they are dealing with requests for payments from flood victims…
31 January 2011
The central Queensland coast has escaped significant major damage from Cyclone Anthony after it made landfall at Bowen last night…
31 January 2011
Bottom-line profitability in the insurance industry remains robust despite the impact of catastrophic events, an easing in reserve releases and a two-speed premium market…