APRA releases general insurance data
05 July 2010
The Australian Prudential Regulation Authority has released its latest report on policies and claims for professional indemnity and public and product liability insurance…
Local
Volcano travel claims may still be paid
05 July 2010
Travel insurance claims arising from the intermittent eruption of the Eyjafjallajokull volcano in Iceland might still be recognised – depending on the insured’s ability to foresee the unforseen…
Swiss Re spruiks public-private approach to risk
05 July 2010
Australia’s reluctance to use public-private partnerships to mitigate the risk of natural catastrophes could be set to change following talks between global experts and government authorities…
Broker upset by insurer’s direct-only offer
05 July 2010
A Melbourne insurance broker has criticised Allianz Australia for limiting free motoring benefits to direct insurance customers…
Brits help out in Aussie storm claims
05 July 2010
Allianz Australia MD Terry Towell has revealed how the insurer’s global reach has helped his company to respond to major hailstorms in Melbourne and Perth…
Survey reveals Melbourne car insurance disparity
05 July 2010
A survey of personal lines car insurers by comparison website RateCity has identified a disparity of almost $1000 in rates offered to drivers in Melbourne…
Insurance broking on fast track to hot list
28 June 2010
Insurance brokers have confirmed publicly what they have always suspected privately – their profession is among the hottest in the workforce…
Agencies ‘counter top-heavy industry’
28 June 2010
The emergence of underwriting agencies is helping to counter the “top-heavy” nature of the Australian general insurance market, according to Lloyd’s Asia-Pacific Regional Manager Keith Stern…
Insurance Fraud Hotline nears launch date
28 June 2010
The director of a new private insurance fraud hotline says the service is intended to fill an industry void and is not designed to make money…
Rises ‘rational’ as market hardens
21 June 2010
Insurers have taken a rational approach to a bevy of natural catastrophes this year in setting June 30 renewals, according to insurance brokers…
NZ insurers wary as fraud rises
21 June 2010
New Zealand insurers are casting a more scrupulous eye over claims as cases of car theft and arson continue to show signs of rising…
Calliden departs Victorian builders’ warranty market
21 June 2010
Calliden has announced it will exit the market for builders’ warranty insurance in Victoria, leaving QBE as the last insurer standing…
NZ apartment owners sue for $10 million
21 June 2010
Owners of a Wellington apartment block are seeking $NZ12.7 million ($10.28 million) in damages to repair the complex they say is poorly constructed…
HIH tax cut revives Henry hopes
15 June 2010
The abolition of a key NSW Government insurance tax has raised hopes other levies may also be up for review…
General insurance profits improved in ’09
15 June 2010
General insurance sector profitability bounced back from the lows of 2008 to top $3.086 billion last year…
Commissions banned on Queensland CTP cover
15 June 2010
Suncorp is confident it can continue to make money from compulsory third party motor cover in Queensland following a reduction in premiums…
Private midwife insurance ‘expensive and unfair’
15 June 2010
The Federal Government’s professional indemnity insurance for privately practising midwives has come under fire for being too expensive and excluding women…
Former insurance leaders honoured
15 June 2010
Former IAG CEO Mike Hawker leads a triumvirate of former insurance executives taking out top honours in the Queen’s Birthday Honours list for 2010…
Innovation ‘could hit broker commissions’
07 June 2010
Brokers have been warned that increasing automation in commercial insurance and the introduction of innovations like comparative quoting could lead to lower commissions and greater opportunities…
Rates easing, says Marsh
07 June 2010
Rising profitability and surplus capacity are combining to ease the pressure on premium rates, according to leading broker Marsh…