New year, new FOS terms of reference
01 February 2010
Insurers and brokers face new dispute rules after the Financial Ombudsman Service marked the new year with the introduction of a unified terms of reference…
Local
Regional neighbours remain a risk
01 February 2010
Credit and political turmoil have coalesced to form a more dangerous world, according to the latest Aon survey measuring global threats…
AAMI forced to withdraw ad attack on NRMA
01 February 2010
AAMI has been forced to withdraw an aggressive outdoor advertising campaign taking aim at personal lines competitor NRMA Insurance…
More softness to come, says Marsh
14 December 2009
Australia’s commercial insurance market has not hardened across the board as expected, and rates seem unlikely to rise soon, according to a new report from mega broker Marsh…
Cost of capital concerns Australian insurers
14 December 2009
Australian insurers have identified the cost of capital as a key concern over the next three years, a KPMG survey has revealed…
Beware regulatory reaction, says Zurich chief
14 December 2009
Australia’s robust regulatory regime helped Australia weather the worst of the global financial crisis, but there is a danger the regulatory pendulum will swing too far the other way…
Hall of Fame nominates O’Halloran
14 December 2009
QBE Group CEO Frank O’Halloran has been named as a finalist for the US-based International Insurance Society’s 2010 Insurance Hall of Fame…
Atradius confirms trade credit market is still tight
14 December 2009
A surge in trade credit insurance claims that accompanied the global financial downturn may be nearing an end, according to major insurer Atradius…
Broker expects fewer cyclones than normal
14 December 2009
Reinsurance broker Guy Carpenter is expecting a milder than normal cyclone season for Australia in the year ahead…
Vero steps in after Victorian building firm folds
14 December 2009
Builders’ warranty insurer Vero has again been called into action after Victorian building firm Paulding Constructions entered administration this month…
Poor car choice killing young drivers
14 December 2009
The selection of old and unsafe cars is killing young drivers on Australian roads, according to Monash University research…
Tort reform leads to 27% drop in public liability rates
07 December 2009
Tort law reforms have resulted in a 27% fall in public liability premiums within the past five years, according to the Insurance Council of Australia…
Climate challenge demands ‘innovation and courage’
07 December 2009
The insurance industry can rise to the challenges of climate change but not without innovation and courage, says Jardine Lloyd Thompson’s Asia-Pacific Executive Chairman…
UAC learns about members
07 December 2009
A survey of Underwriting Agencies Council members has found they employ a total of about 1800 people, with most agencies employing 10 or fewer staff…
New faces on UAC board
07 December 2009
The Underwriting Agencies Council has welcomed three new board members following its AGM last week…
Beware credit risks, say experts
07 December 2009
Australian managers have limited knowledge on ways to shield their companies from customers defaulting on their credit payments, according to a study by credit data specialist…
Don’t blame risk management for crisis, says RMIA
07 December 2009
The failure to understand fundamental risk management principles and implement sound practices were key factors leading to the global financial crisis…
Small concessions for Kiwi bikers
07 December 2009
Last month’s protest rally by motorcyclists in Wellington has achieved limited results in reducing sharp rate rises proposed by New Zealand’s Accident Compensation Corporation…
Strong dollar, high claims, staff moves squeeze local marine market
07 December 2009
With the global marine insurance industry paddling upstream against the economic downturn, Australia is fighting its own specific battles against the export-suppressing strong local currency…
NRMA Insurance unveils safest cars
07 December 2009
NRMA Insurance has announced a new safety section on its website designed to help consumers choose their next new car…