Weekend Update: Storm claims cost, a major new hire and an insurer acquisition
Making news this week, a catastrophe was declared in four states following serious storms, a major brokerage announced a key new hire and an international hedge fund acquired 44% of an Aussie insurer
Major insurer IAG reveals estimated storm claim cost
A major Australian insurer has estimated the total cost of claims it expects to receive following the east coast low which
2015’s natural disasters in review
The costs related to natural disasters may have dipped over the past 12 months, but complacency shouldn’t set in for the industry
ICA extends catastrophe area as claims continue to rise
The catastrophe area affected by storms that rocked the Eastern seaboard this week has been widened as claims continue to pour in with a revised estimate of costs also issued
Doing disasters better
As natural catastrophes continue to make headlines across the country, what can the insurance industry and other interested parties do better when it comes to disasters?
Insurance drones have lift off
In an Australian first, IAG recently used drones to assess bushfire-caused property damage. How significant are the benefits and what is the future for commercial drone use in and outside insurance?
Protecting the harvest
Underinsurance and non-insurance of agricultural crops remains a prevalent issue in rural Australia. What’s the solution?
Clarifying the clarification
Unauthorised foreign insurers have been a hot topic in Australia since a government announcement late last year. Is there genuine cause for concern over the proposal or is it a matter of wait and see?
Taxes and taskforces
Assistant treasurer Josh Frydenberg talks to Tim Garratt about Northern Australia, risk mitigation funding and stamp duty
Catastrophe declared in wake of storms
Storms that tore through parts of Queensland and New South Wales, including parts of Sydney, have officially been declared a catastrophe as the first estimate of insured losses has been released