25 November 2019
Extreme weather is happening more often, and Australia’s most recent winter is consistent with US data showing June to August was the second warmest in 140 years for that season globally, the latest Australian Actuaries Climate Index reveals...
25 November 2019
The professional indemnity insurance market will collapse within the next 12 months unless the Federal Government steps in with a rescue package, surveyors have warned...
25 November 2019
The Australian Property Institute has announced a joint initiative to develop a professional standards scheme to cap the occupational liability of certifiers...
25 November 2019
Australia’s major lenders have been hit with large claims for compensation after years of selling near-worthless consumer credit insurance...
25 November 2019
New Zealand law firm Russell McVeagh and litigation funder IMF Bentham are investigating a product liability class action against the manufacturers of flammable cladding...
25 November 2019
New Zealand’s Earthquake Commission is encouraging owners of on-sold properties in Canterbury in need of repairs to apply promptly for government funding...
18 November 2019
The feasibility of a government-backed cyclone reinsurance pool will be examined as a possible measure to bring down premiums in northern Australia...
18 November 2019
The insurance industry has raised the loss estimates from the latest bushfire catastrophe in NSW and Queensland to $110 million as claims continue to pour in...
18 November 2019
Aviation clients are seeing soaring premiums, the crop insurance market is becoming more difficult amid drought, while natural peril and public liability costs are increasing, broker Gallagher says in a half-yearly market update...
18 November 2019
Commercial premium price increases in the Pacific region, where Australia is the largest market, rose 18.8% in the third quarter, as global gains accelerated, Marsh says...
18 November 2019
The head of strata insurer CHU has been named Financial Services and Insurance Executive of the Year...
18 November 2019
SMEs are turning to financial advisers, accountants and the internet for advice on insurance, ahead of using brokers with expertise in the area, a QBE report finds...
18 November 2019
Risky or “off the beaten track” destinations are attractive to 87% of Australians aspiring to travel overseas, research commissioned by the Department of Foreign Affairs and Trade and the Understand Insurance initiative shows...
18 November 2019
Travel claims are the leading cause of general insurance disputes since October 1, when the Australian Financial Complaints Authority began naming companies in its rulings...
11 November 2019
NSW Premier Gladys Berejiklian today declared a seven-day state of emergency amid warnings the bushfires ravaging the state’s north coast are set to worsen in the next 24 hours...
11 November 2019
The Insurance Council of Australia will meet federal ministers this week to discuss the possibility of signing agreements that guarantee premium reductions if certain mitigation measures are carried out...
11 November 2019
Increased competition in the SME product space means rates for business packages will be fairly flat, according to a Finity market report prepared for the Steadfast broker network...
11 November 2019
Public confidence in insurance and insurers is at an all-time low and the industry and Government have done little to improve it, says Tower CEO Richard Harding...
11 November 2019
The New Zealand Government has urged insurers to re-think their businesses to help combat the risks of global warming...
11 November 2019
Insurance policy wordings that direct fraud victims to immediately contact police are putting asset recovery at risk, according to barrister Andrew Tragardh...