News

General insurance and financial services news from Australia and around the world
  • Insurer/reinsurer profit tops $4 billion
    Mon, 17 Jun 2013 14:38:00 +1000

    Insurers and reinsurers made a combined profit of $4.21 billion last calendar year, according to company-level statistics from the Australian Prudential Regulation Authority…

  • Councils can help insurers understand risk: report
    Mon, 17 Jun 2013 14:37:00 +1000

    Local councils should help insurers pinpoint risks within their borders so premiums are priced accurately, a new report says…

  • Lessons learned drive down flood complaints
    Mon, 17 Jun 2013 14:36:00 +1000

    Work to improve the availability and understanding of flood cover appears to be paying off, with the Financial Ombudsman Service receiving few complaints after January’s floods in Queensland…

  • Insurers to front FSL hearing
    Mon, 17 Jun 2013 14:35:00 +1000

    All insurers invited to a public meeting to explain their removal of the Victorian fire services levy have now confirmed they will attend…

  • Business group to reveal disaster resilience plan
    Mon, 17 Jun 2013 14:35:00 +1000

    The Australian Business Roundtable for Disaster Resilience and Safer Communities will this week release a white paper on natural disaster management…

  • Property manager sentenced over Herbert Insurance fraud
    Mon, 17 Jun 2013 14:34:00 +1000

    A former property manager for Bunnings New Zealand has been sentenced to five months’ home detention after receiving kickbacks from failed broker Herbert Insurance…