Actuaries warn of new pressures from Hayne reforms
09 September 2019
Adapting to the post-Hayne royal commission landscape will be challenging, according to actuaries Taylor Fry...
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Driverless cars set to shake up industry
09 September 2019
The rise of driverless cars will spur demand for “on-the-go” motor cover, according to a global study on the impact of autonomous vehicles on the transport landscape, including in Australia...
New NZ fraud bureau warns costs will rise without action
09 September 2019
New Zealand’s Insurance Fraud Bureau has warned crime costs will continue rising without a concerted and co-ordinated approach...
Lake Taupo earthquakes cause little damage
09 September 2019
New Zealand’s Earthquake Commission is calling for members of the public to contact them if their property has been damaged by the Turangi earthquakes...
Volcano study will lead to better prediction of eruptions
09 September 2019
Drone technology funded by New Zealand’s Earthquake Commission is being used to study volcanic plumes in the Pacific...
IAG takes up new earthquake model for New Zealand
09 September 2019
IAG NZ has licensed a new earthquake model for New Zealand from Boston-based AIR Worldwide to help manage its catastrophe risk...
Persistent dry, warm spell worsens bushfire risk
02 September 2019
Large swathes of the east coast face above normal bushfire risk as the dry and warm conditions show no signs of easing...
Dual fraudster isn’t sorry, judge says
02 September 2019
Former Dual Australia claims manager Josie Gonzalez has showed no remorse for defrauding the underwriting agency of $17.4 million, and her evidence during her trial was “a litany of lies punctuated only by moments of prevarication”...
PI excesses ‘threaten building surveyor viability’
02 September 2019
The excesses on professional indemnity insurance policies are threatening to put building surveyors out of business, a NSW parliamentary committee inquiry has heard...
Aon and former partner lock horns over ‘blatant poaching’ claim
02 September 2019
A spat has broken out between Aon and the International Institute for Complementary Therapists, months after the two ended their three-year insurance arrangement...
Policyholders stick with existing providers, survey shows
02 September 2019
Only 3.9% of insurance buyers switched provider when taking out a policy during the past 12 months, the latest quarterly Roy Morgan report on purchasing decisions shows...
New Zealanders keen for an earthquake early warning system
02 September 2019
A survey of more than 3000 New Zealanders has found 97% would welcome an earthquake early warning system to allow them to take some sort of action to keep themselves safe...
‘Tidal wave’ of reforms in store for industry
02 September 2019
A ‘tidal wave’ of reforms stemming from the Hayne royal commission will bring significant changes to the industry, according to a leading insurance lawyer...
Correction: NIBA Queensland awards
02 September 2019
A caption in the August edition of Insurance News magazine incorrectly names the winners of this year’s National Insurance Brokers Association Queensland broker and young professional broker of the year awards...
General insurance industry ‘most trusted’ financial service
02 September 2019
More consumers trust the general insurance industry than any other financial services industry, according to a new survey...
Sydney hail, Townsville flood erode industry earnings
26 August 2019
The industry suffered a 44.7% drop in underwriting profit to $2.3 billion in the year to June 30, as claims from the Sydney hailstorm and Townsville flood negated gains from rising premium rates, latest regulatory figures show...
Aviation capacity drying up, say brokers
26 August 2019
Brokers report increasing problems placing aviation business, as one major capacity provider considers pulling out of the local market...
Building product issues wider than PI
26 August 2019
Building product failures are having ramifications for insurance covers beyond professional indemnity, Arthur J Gallagher Practice Leader Construction Angela Vella says...
Flamingo founder says intermediaries ‘ripe for disruption’
26 August 2019
Flamingo Ai founder Catriona Wallace says the intermediary community is “absolutely ripe for disruption” as artificial intelligence is increasingly taken up across the insurance industry...
Sexual harassment inquiry set to affect insurance
26 August 2019
Australia’s Sex Discrimination Commissioner Kate Jenkins will release recommendations this year that will have implications for employment practices liability and directors’ and officers’ cover...