09 July 2012
Much of the infrastructure replaced after the 2011 Queensland and Victorian floods has not been improved and will fail again during future floods of a similar magnitude, according to the Insurance Council…
09 July 2012
Law firm Maurice Blackburn has confirmed it is close to filing for a class action lawsuit against Queensland Government-owned utility Seqwater for the mismanagement of the Wivenhoe Dam…
09 July 2012
Good commercial relationships between insurers, repairers and recyclers are necessary to address vehicle theft issues, particularly that of older cars being stolen for their scrap value…
09 July 2012
New Zealand’s Earthquake Commission has received about 270 claims from the magnitude-7 earthquake felt across the country last week…
02 July 2012
Rates on commercial insurance renewals at the end of the financial year can be best described as “patchy”, brokers say…
02 July 2012
The Federal Government has revealed more measures aimed at making flood insurance simpler and more effective following last year’s floods…
02 July 2012
The Australian Government Actuary will undertake “a rigorous quantitative investigation” of the causes of premium increases in the north Queensland strata market, with a final report due by…
02 July 2012
The Queensland Government has committed $100,000 to complete engineering work for flood mitigation plans in Roma…
02 July 2012
Swiss Re has revealed the impact of the recent natural catastrophes on insurance pricing in Australia and New Zealand…
02 July 2012
The Federal Government has accepted 10 of the 11 recommendations directed to it in the final report of the 2010/11 flood warnings and response review for Victoria…
02 July 2012
Vehicles in the car park may have started the fire that engulfed the Canterbury TV building, the Canterbury Earthquakes Royal Commission has heard…
02 July 2012
A magnitude-8 quake could hit New Zealand’s South island within 50 years, according to research by GNS Science and the University of Nevada, Reno…
02 July 2012
More than 1100 residential properties have been rezoned “green” in Christchurch, meaning owners can begin discussions with their private insurers and the Earthquake Commission over repairs…
02 July 2012
The first part of a key report into the Canterbury earthquakes has been delivered to the New Zealand Government…
25 June 2012
The NSW Supreme Court has granted interim restraints preventing three former Willis executives from soliciting or providing services to some of the company’s clients…
25 June 2012
The Victorian Government will not introduce the legislation to abolish the state’s fire services levy until the next sitting of the state’s parliament in mid-August…
25 June 2012
Calls for insurers to pay flood claims on policies that don’t offer flood cover are “reckless and politically expedient”, IAG CEO Mike Wilkins said today…
25 June 2012
New statistics from the Financial Ombudsman Service show total disputes across the financial services sector referred to the ombudsman were up 29% for the first quarter of 2012, compared with…
25 June 2012
Last week’s Victorian earthquake has not caused major losses, with some residents reporting cracks in the walls of buildings and shelves falling over…
25 June 2012
The Federal Court has formally approved the settlement in the $200 million Centro shareholder class action, meaning the issue of who has a priority charge on directors’ and officers’ cover now…