Australia
Australia : Insurance Council of Australia updated the number of claims
Suncorp, IAG and QBE gave a lesson in remaining cool in a crisis, reassuring the public and the markets that they could pay out...
Medical officials brace for endemic disease after floods
Australian medical officials braced Thursday for rampant disease in the country's swamped northeast, with filthy floodwaters harbouring sewage, dead animals and dangerous debris.
Dozens of...
Australia : IAG update on claims experience
Insurance Australia Group Limited (IAG) today provided an update on its claims experience arising from the extreme weather conditions which are affecting so many...
FITCH: Reinsurance protects Australian insurers against floods
Fitch Ratings has commented today that catastrophe reinsurance offers reasonable protection to Australia's major non-life insurance companies against floods in Queensland and Northern New...
Flood insurance embargo from most Queensland companies
Most insurers have stopped offering flood insurance policies to centres in south-east Qld facing the prospect of inundation.
Insurance companies have stopped offering flood policies...
Flood insurance : definitions and exclusions (Australia)
Consumer groups have called for a common definition of floods in insurance policies as Queensland residents face the prospect of not being covered for...
Flood insurance : fine print is considered unfair
People whose insurance companies knock back their claims for flood damage are being advised to challenge the ‘‘unfair’’ fine print in their contracts.
A lawyer...
Australian floods : report
One of Queensland's biggest natural disasters is unfolding in the city of Rockhampton, with isolated outbreaks of looting as police force residents to abandon...
Tower Australia directors back Dai-ichi Life deal
Shares in life insurer Tower Australia jumped more than 40 percent Wednesday after it unanimously recommended shareholders accept a takeover offer from Japan's Dai-ichi...
International insurance fund to help islands that face being wiped off the map
Hundreds of tropical islands that face being wiped off the map by rising seas and more frequent storms could be helped by a new...
AXA signs acquisition agreement
French insurance company AXA, Australian wealth manager AMP Ltd. and AXA Asia Pacific Holdings Ltd. or AXA APH, signed an agreement that will allow...
Tower Australia’s life looks healthy
Forget about superannuation as the multi-trillion dollar growth engine of the wealth management sector. Good old life (or risk) insurance has been outpacing super...
Australia’s AMP in new bid for AXA Asia Pacific
Life insurance and wealth management firm AXA Asia Pacific (AXA APH) Monday said it had received a new takeover offer from Australian wealth manager...
Short news : Australian study finds diabetes link to flabby dads
Men with high-fat diets are more likely to have diabetic children, research showed Thursday, in the first study linking a baby's health to what...
Appointment : Peter Harmer is new CEO of IAGs’ CGU
Insurance Australia Group Limited (IAG) today announced the resignation of current CEO of CGU, Mr Duncan West for family reasons and the appointment of...
Tower Australia meets with investors
Life insurance company Tower Australia Ltd met with investors this week for first time ahead of a possible bond issue, a fund manager said...
Travel : Australia warning over deadly US cough outbreak
Australia Thursday warned travellers to the United States to watch out for a whooping cough outbreak which has claimed the lives of several babies....
IAG announces expected FY10 result, dividend and changes to executive team
Insurance Australia Group Limited (IAG) today announced it expected to report an insurance margin for the year ended 30 June 2010 of 7.0%, in...
Britain is the best place to die
Britain leads the world in the quality of care it provides for the dying, leaving many developed nations lagging a long way behind, according...
Insurer Zurich posts 76 percent profit jump in first quarter
Swiss insurer Zurich Financial Services on Thursday said its first quarter net profits soared 76 percent to 935 million dollars (729 million euros), despite...
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