The next major global catastrophe could have extraterrestrial origins, according to a new report from Lloyd’s. The report, Solar Storm Risk...
News
Earth looks to space for next global risk
Medical woes as claims cost climb
The average cost of medical indemnity claims is swiftly increasing, with the biggest growth occurring in claims settling for over $500,000....
Specialist underwriter secures event partnership
A recent arrival on the underwriting scene has entered a national partnership with the business event industry’s leading association.
Leading insurer bags Australian Business Award
Insurance provider AIG has cemented its reputation as a market leader in service standards by taking out the 2013 Australian Business...
Cluster group signals shift into new phase
Austbrokers has signalled its rapid growth may soon slow, as the cluster group shifts its focus from acquiring new holdings to...
Forensic accountant weighs in on DUAL
A multi-million dollar fraud uncovered, a high-powered investigation and the shock resignation of a much-respected Managing Director. At DUAL, this tumultuous...
ASIC bans broker and claims manager
A claims manager who stole almost $1.3 million and a broker whose firm went bust have both been banned from the...
Brisk progress on catastrophe claims
More than half the commercial property claims from the January flooding of Queensland and NSW and the Tasmanian bushfires have been...
Businesses relying on uninformed insurance advice
Advice from colleagues is the most common source of insurance information for medium-sized businesses, according to a new report. Aon surveyed...
NSW Emergency Services Levy reform deferred
The NSW Government has deferred reform of its Emergency Services Levy for at least two years. Although the deferment has not...
Premium squeeze pushes down PI rates
Rising premium rates have been cited as the primary reason for a continuing national decline in the value of premiums written...
Calming Mother Nature
Two years on from Queensland’s summer of disasters, the Federal Government announced a $100m two-year package for national coordination of flood...
Changing of the guard
It is a time of rejuvenation across the insurance industry, with an unprecedented number of new chief executives recently appointed at...
The state of workers compensation
Australia’s workers compensation schemes are a legacy of the strong labour movements of the late 19th and early 20thcenturies, with ‘no...