RACQ launches CTP reform campaign
11 November 2019
Queensland motoring body RACQ has organised a campaign to improve the state’s at-fault compulsory third party scheme...
Local
Workers' comp reform urged as employment changes
11 November 2019
Australia’s complicated workers’ compensation framework needs modernising and harmonising to respond to changing employment patterns, a report commissioned by IAG says...
SA hailstorm leaves uninsured farmers facing losses
11 November 2019
Most of the SA farmers affected by a freak hailstorm last week have no insurance for their crops, according to MGA Insurance Group...
Wellington taskforce calls for earthquake rethink
11 November 2019
Wellington needs to rethink its strategy for protecting against earthquakes as insurers reassess their approach as the dangers become better understood, a Mayor’s Insurance Taskforce report says...
NZ insurers' profits surge 30%
11 November 2019
New Zealand insurance company profits jumped 30% to $NZ2.08 billion in the past financial year, driven by gross written premium growth and positive claims experience...
Bad debt insurance claims hit record high
11 November 2019
Insurance claims by businesses to cover bad debt hit a record high of nearly $50 million during the third quarter of the year, according to the NCI Trade Credit Risk Index...
Cyclone, flood forecasts up the ante on mitigation
04 November 2019
IAG has warned that tropical cyclones will move further south due to climate change, affecting densely populated areas of the eastern Australian coastline and raising the importance of mitigation action...
New Risk Frontiers list reveals cat-prone postcodes
04 November 2019
Bundaberg has the country’s largest exposure to financial losses linked to natural catastrophes, according to natural hazards research centre Risk Frontiers...
ICA board approves new code
04 November 2019
The Insurance Council of Australia board has approved its new General Insurance Code of Practice after an extensive review...
PI stalemate has surveyors on the brink
04 November 2019
Surveyors fear they may be forced into closure as the professional indemnity stand-off shows no signs of easing...
Dransfield pledges to 'embrace reform' as ICA President
04 November 2019
Incoming Insurance Council of Australia (ICA) President Gary Dransfield says he’s honoured to take up the role during a “critical time for our industry”...
Attorney-General sees 'clear need' for class action reform
04 November 2019
Federal Attorney-General Christian Porter says there is a clear need for reform on class actions and he is “actively engaging” over issues raised by a Government inquiry earlier this year...
Defence faces new class action over chemical contamination
04 November 2019
Another class action will soon be launched against the Department of Defence over synthetic chemicals that leaked from military sites into surrounding areas, including residential properties...
Online calculators responsible for underinsurance: surveyor
04 November 2019
Popular online insurance calculators are causing people to underinsure their homes by hundreds of thousands of dollars, a surveyor claims...
ICA makes field trip to drought-hit Tamworth
04 November 2019
The Insurance Council of Australia has visited farmers near Tamworth in NSW to better understand how they are dealing with the drought...
Ever-changing virus threatens businesses
04 November 2019
Companies are being warned against a powerful regenerating email virus called Emotet...
Perils adds New Zealand to cat coverage
04 November 2019
Catastrophe data company Perils has expanded its coverage to include New Zealand...
Brokers warned to take code compliance more seriously
28 October 2019
Brokers need to take their code of practice obligations more seriously given concerns about low levels of breach self-reporting, the code’s compliance committee has warned...
Financial lines set to stay in the red: Finity
28 October 2019
Double-digit rate rises are expected this financial year for directors’ and officers’ and professional indemnity but it won’t be enough to restore profitability to the troubled lines, according to Finity...
Queensland dominates climate change hotspots study
28 October 2019
Six of the 10 precincts in Australia most exposed to climate change-linked freakish weather events are in Queensland, according to a new study by consultancy Climate Risk...