No relief for loss-making financial lines
Financial lines temperature is still hot, 2018 calendar year being the highest ever year of class action filings & regulatory tightening
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- Oct 21, 2019
- 1 min
Melbourne roads dominate AAMI crash index blackspots
Nine of Australia’s 10 worst car crash locations were in Melbourne last financial year
- Oct 1, 2019
- 2 min
PI crisis worsens as surveyors urge governments to act
“Since July, the PI insurance market has tightened even further,” the AIBS says in its latest update.
- Sep 28, 2019
- 2 min
How insurance is responding to climate change
Climate change is forcing the industry to revise its models as it battles to create solutions
- Sep 20, 2019
- 1 min
Rise of the dash cam: increasing numbers use footage for claims
30% of drivers have used dash cam footage as evidence after being wrongly accused on the road
- Sep 11, 2019
- 2 min
Global cyber losses expected to reach $6 trillion by 2021 - report
Annual global cyber losses are expected to hit US$6 trillion by 2021
- Sep 10, 2019
- 2 min
Australia:29% surge in frequency of cyber insurance claims, reveals underwriter
Claims frequency for cyber insurance rose by 29% for FY2019 compared to a year earlier
- Aug 19, 2019
- 1 min
Cost of fixing nation’s apartment crisis ‘in the billions’
New research estimates that fixing defects in apartment buildings constructed in the last decade will cost $6.2 billion.
- Aug 19, 2019
- 1 min
APRA uses funds to recruit 150
Royal commission recommended that APRA take a more pro-active approach and that its resources ere increased commensurately.
- Aug 17, 2019
- 1 min
Finder: 11 million Australians are driving distracted
11 million Australians have engaged in risky behaviour behind the wheel, potentially voiding their insurance policy
- Aug 16, 2019
- 2 min
Lights, camera, insurance – the issues facing the Australian film industry
Speak to most insurance professionals and they will tell you they “fell into” the industry – and while few have regrets now, many may...
- Aug 8, 2019
- 2 min
Water damage claims topping fire, burglary: Chubb
Internal water damage claims has risen 72% in the last five years and the issue is now more common and costly risk for properties
- Aug 2, 2019
- 2 min
Insurers close 60% of Townsville claims
Six months after devastating floods hit the north Queensland city of Townsville, 60% of insurance claims have been closed
- Jul 28, 2019
- 4 min
NAB staff scramble to contact breach victims
Hundreds of NAB staff have spent the weekend scrambling to inform customers affected by a security breach
- Jul 23, 2019
- 2 min
PI crisis continues despite reform pledge, surveyors warn
The Australian Institute of Building Surveyors (AIBS) says ministers have failed to address the immediate PI insurance crisis.
- Jul 15, 2019
- 1 min
ICA joins fresh call for building reforms
Insurance Council of Australia and four other industry bodies have today issued a joint call on the Federal Government
- Jul 15, 2019
- 1 min
NSW regulator slugs uninsured businesses
The NSW State Insurance Regulatory Authority has issued more than 50 fines to employers that don’t have the right workers’ compensation...
- Jul 9, 2019
- 2 min
Phishing attacks found in 83% of global firms
The report is that 83% of global organisations experienced phishing attacks in 2018, underscoring the urgent need to educate end users.
- Jul 8, 2019
- 2 min
AGCS names James Stack Pacific CEO, cuts financial lines
A global insurer is preparing to stop offering PI and D&O cover in Australia and New Zealand due to alarming class action trends.
- Jul 8, 2019
- 2 min
British Airways fined record $328 million after credit card data theft affected 500,000 people
British Airways faces a record $328 million fine over cyber theft after a hack last year that affected half a million customers
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