Industry welcomes bushfires report
02 August 2010
The insurance industry has welcomed a recommendation by the 2009 Victorian Bushfires Royal Commission to axe the fire services levy in favour of a property-based fire funding model…
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Adapt to survive, loss adjusters told
02 August 2010
Australasian Institute of Chartered Loss Adjusters President Ian McWalter has called on his members to get creative to meet competition from alternative service providers…
NRMA Insurance study reveals GPS danger
02 August 2010
Constantly glancing at a GPS while driving can significantly reduce driver attention and safety, while having it incorrectly positioned can create significant driver “blind spots”…
In insurance News (the magazine) this month
02 August 2010
Suncorp is on the move again, capitalising on its scale and using a unique strategy to slash costs and increase efficiencies…
Brokers report ‘modest increases’ in premiums
26 July 2010
A new survey of brokers has revealed most observed moderate increases of 1%-9% in commercial lines in the June 30 renewal period, while personal lines policies rose by 10%-30%…
Australian storm claims hit $2 billion
26 July 2010
Insured losses from the March storms in Melbourne and Perth have reached the $2 billion mark…
Insurers recognised at business awards
26 July 2010
A number of insurance businesses have won categories at this year’s Australian Business Awards…
CGU boss calls for fire services funding reform
26 July 2010
CGU CEO Duncan West wants the Victorian Government to overhaul the way fire services are funded, slamming the existing system as “grossly unfair”…
Increased complaints boost FOS numbers
26 July 2010
The Financial Ombudsman Service is looking for more staff, including risk insurance specialists, to handle a growing number of complaints…
Kerrie Kelly departs ABI after five months
19 July 2010
Former Insurance Council of Australia CEO Kerrie Kelly has stepped down from running the Association of British Insurers after just five months in the job…
General insurance progress slower but steady
19 July 2010
The general insurance industry is making slow but steady progress, with profitability well away from the halcyon days of 2003-07, according to a report by actuarial consultants Finity Consulting…
Broking legend Frank Earl dies
19 July 2010
Friends and colleagues from around the world today farewelled one of Australia’s most highly regarded insurance brokers, Frank Earl, who died last week…
June renewals reveal soft market conditions
19 July 2010
Soft market conditions dominated the June renewal season, with discounts generally available across the commercial portfolio, according to major broker Marsh…
FOS says check for flood cover
19 July 2010
The Financial Ombudsman Service has warned consumers they may not be covered for flood damage to their home and contents…
Review signals major changes for life insurance
12 July 2010
The Cooper Review of Australian superannuation has proposed significant changes to the delivery of life insurance, aiming to clear up confusion and maximise investor returns…
ANZIIF announces award finalists
12 July 2010
Hot on the heels of Allianz UK winning the British Insurer of the Year awards last week, Allianz Australia has been named as a finalist in the Australian and New Zealand Insurance Industry Awards…
QBE and Calliden uphold SA warranty scheme
12 July 2010
QBE and Calliden have stepped in to ensure the ongoing viability of the privatised builders’ warranty insurance scheme in South Australia following the departure of Vero from the market…
Retailers set to push into insurance
12 July 2010
Retail giants Myer and Woolworths are following Australia Post, Coles and Kmart into the personal lines insurance market…
Lehman Bros and councils go to mediation
12 July 2010
Lehman Brothers Australia and a group of 70 local councils are locked in mediation talks in Sydney in a bid to resolve issues surrounding a $200 million loss suffered during…
Market still soft, says leading broker
05 July 2010
Premium rates will not harden locally while global reinsurance markets remain flush with capital, according to JLT Australia CEO Leo Demer…