Investor wants his HIH money back
20 September 2010
An investor who spent $7.2 million of his family company’s money on HIH shares a few months before the giant insurer collapsed in March 2001 kept buying…
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Locust threat growing
20 September 2010
The first locust hatchings have been reported in Victoria, with reports of swarms now forming in central Queensland…
NZ quake costs still unknown
20 September 2010
As the state of emergency lifts and the number of aftershocks decrease, a clearer picture of the damage from the September 3 Christchurch quake damage is emerging…
Modellers say NZ quake will hit $4.8 billion
20 September 2010
The final cost of the Christchurch quake could be as high as $NZ6.18 billion ($4.8 billion), catastrophe modellers have claimed…
NZ Government fast-tracks quake claims
20 September 2010
The NZ Government wants insurers to fast-track the processing of claims following the Christchurch earthquake, although the industry says that all it can do is being done…
Tower and ANZ settle client ownership dispute
20 September 2010
NZ’s Tower Insurance and ANZ National Bank have settled their long-running dispute over client ownership…
Pressure mounts on NZ loss adjusters
13 September 2010
New Zealand’s loss adjusters face being overwhelmed by the number of claims stemming from the Christchurch earthquake…
Insurers face business interruption claims deluge
13 September 2010
The NZ insurance industry is facing a big number of business interruption claims following the Christchurch earthquake…
Victorian floods claims reach $20 million
13 September 2010
The Victorian floods have resulted in 5000 claims worth $20 million, according to figures released to insuranceNEWS.com.au this morning by the Insurance Council of Australia…
Flood cover quandary stupid: CEO
13 September 2010
A leading insurer says it’s time the industry took the initiative on flood insurance, rather than letting lawyers set the agenda…
Small businesses ignoring risk, says Day
13 September 2010
Small businesses are increasingly aware of the value of insuring, but too few are still taking out adequate cover, according to Suncorp Commercial Insurance CEO Anthony Day…
NSW quiet on FSL reform
13 September 2010
Abolition of the fire services levy does not appear to be on the agenda of the NSW Government or of the Opposition…
NZ insurers move fast after quake disaster
06 September 2010
The New Zealand insurance industry is braced for costs in the hundreds of millions of dollars following Saturday’s devastating Christchurch earthquake…
Local insurers continue to watch Victoria’s growing flood disaster
06 September 2010
The Insurance Council of Australia has declared the weekend’s Victorian floods a catastrophe, with the expectation of millions of dollars worth of damage…
Insurers have a better half-year
06 September 2010
The Australian general insurance industry recorded strong results in the year to June, with net profit after tax rising to $4.6 billion, up from $2.6 billion in the corresponding period last year…
Locusts threaten crop premiums
06 September 2010
Agricultural insurers could be facing a drop in crop insurance premiums, depending on the impact of this summer’s locust plague…
Businesses lack cover for credit risks
06 September 2010
Despite 20% of Australian businesses experiencing significant financial loss due to debt defaults in the past year, 70% of businesses don’t insure against defaults…
Levy abolition welcomed
06 September 2010
The Insurance Council of Australia says Victorians will enjoy lower premiums immediately after the state’s fire services levy is abolished in 2012…
Critical decisions for FSL collection model
06 September 2010
The Municipal Association of Victoria says deciding the future collection model for the state’s fire services levy will be “critical”…
NZ advised to follow anti-car theft lead
06 September 2010
New Zealand authorities could follow Australia’s lead to reduce the incidence of older cars being stolen, according to National Motor Vehicle Theft Reduction Council…