Worst to come, says analyst report
16 February 2009
The global financial crisis is the worst experts have seen and worse is yet to come, according to a local actuary’s report examining the effect on the industry...
Local
Home warranty insurers busy as building firms fold
16 February 2009
Home warranty insurers in NSW were kept busy last week as a series of builders went into liquidation leaving more than 40 new homes uncompleted...
Fatigue and speeding key to major truck accidents
16 February 2009
Driver fatigue and speeding are the major causes of truck accidents in Australia, an investigation by National Transport Insurance has revealed...
Suncorp ventures get the nod from Choice survey
16 February 2009
Suncorp has cleaned up a car insurance survey undertaken by consumer organisation Choice, with Suncorp companies or joint ventures taking out the top four spots...
ICA offers $50,000 resilience prize
16 February 2009
ICA is seeking innovative ideas that individuals, businesses or communities have developed to withstand extreme weather events...
Victoria considers CTP rate cuts
16 February 2009
Compulsory third party insurance rates appear to be headed lower in Victoria – but not in a hurry...
Insurance & Risk Professional rolls off the press
16 February 2009
New NIBA President Steve Lardner, economist Matt Drennan and a large cast of industry leaders feature in the February/March edition of Insurance & Risk Professional...
WEDNESDAY UPDATE: Bushfires - industry waiting
11 February 2009
As the death toll from Victoria’s bushfires continues to rise amid warnings it could exceed 300, insurance companies and loss adjusters are still waiting to access the affected areas...
TUESDAY UPDATE: Insurers rally in wake of bushfires
10 February 2009
Insurers have mounted a quick response in the wake of the devastating Victorian bushfires, providing affected policyholders with easy access to vital goods and cash...
Victorian brokers brace for bushfire aftermath
09 February 2009
Brokers in country Victoria face a tough week in the aftermath of the devastating bushfires that have killed more than 108 people...
Continuing rain clouds claims outlook
09 February 2009
Floodwaters and the threat of further heavy rain in northern Queensland are making it hard to count the cost...
Insurers may join ACT bushfire litigation
09 February 2009
Insurance companies may join a class action against the ACT and NSW governments over the 2003 Canberra bushfires...
Credit insurance under threat as providers retreat
09 February 2009
The availability of credit insurance is under threat worldwide as major insurers retreat from a surge in unacceptable risk...
Rates must rise if reinsurers are to survive financial crisis
09 February 2009
Reinsurance rates must firm to keep the industry well placed this year, reinsurance experts told last week’s Insurance Council of Australia Regulatory Update seminar...
WA crop farmers call for multi-peril crop insurance
09 February 2009
Farmers in WA have called for a multi-peril crop insurance scheme following severe weather that has obliterated some harvests...
Survey shows young insurance staff value their careers
09 February 2009
Most young workers in the insurance industry like their job and plan to stick around, a survey by the Australian and New Zealand Institute of Insurance and Finance reveals...
It’s official: commercial premiums are on the way up
02 February 2009
Brokers have confirmed commercial insurance rates are rising significantly...
Brokers continue to dominate commercial lines
02 February 2009
Insurance brokers still monopolise the commercial lines market with a share of 83%, according to the latest JP Morgan Deloitte General Insurance Industry Survey...
Profits will continue to slide
02 February 2009
Australian insurers’ profitability will continue to decline in the short term, according to the JP Morgan Deloitte survey...
CGU wins legal stoush over $20 million D&O policy
02 February 2009
CGU has won the latest round of a legal stoush over a $20 million D&O policy relating to collapsed phone company One.Tel...