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Insurance Jargon – What does Reinstatement mean?
Reinstatement means the restoring of the insured’s property to the condition it was in, before damage or loss occurred. When dealing with items such as machinery and other contents, this type of...
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Chartis Re branded AIG Australia
American International Group (AIG) announced on the 18th of February 2012 the rebranding of Chartis Australia Insurance Limited to AIG Australia Limited. “Reintroducing the AIG name in Australia truly...
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Beware when buying travel insurance from an Airline
With the rise in budget airlines and do it yourself holiday planning there has been rise in consumer stuck with travel insurance they didn’t want, they book their cheap fare only to notice they paid...
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QBE Profit Result Disappoints As Plans Announced to Move 700 Jobs
QBE’s chief executive John Neal has announced at a media briefing that the company is considering moving 700 jobs offshore, although he denied that the company was considering forced redundancies ,...
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What is a Clients Duty of Disclosure
Insurance Jargon - Clients Duty of Disclosure Any client seeking insurance has a legal obligation to answer questions asked by insurers honestly and accurately. An insurer may refused to pay a claim...
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What is Business Interruption Insurance
After a major event such as a fire, storm or earthquake your business may not be able to earn an income pay staff and meet your on going commitments. Business Interruption cover can help cover...
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What are Landlords Content
These are contents such as furniture, loose floor coverings (carpet etc.), wall hangings (for example, prints, paintings, framed photographs), sound and vision equipment (but not portable video...
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QBE no longer offering builder’s warranty insurance in South Australia
QBE Insurance has announced that it will no longer offering builder’s warranty insurance in South Australia, this follows a rising number of insolvencies. The insure has advised it will stop...
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Zurich is absorbing Associated Marine’s operations
Zurich is absorbing the former Associated Marine operation into its Z.streamXpress system, allowing insurance brokers to arrange quote on-line. Zurich has announced that the marine insurance operation...
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Professional Indemnity Exclusive of Costs
What is the difference between policies with Inclusive of Costs or an Exclusive of Costs Limit of Indemnity A policy can provide for either an Inclusive of Costs or an Exclusive of Costs Limit of...
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Richard Enthoven joins ICA Board of Directors
The Insurance Council of Australia (ICA) Board has announced the appointment of Mr Richard Enthoven, Managing Director, Hollard Insurance Company to its Board of Directors effective May 3, 2013....
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Ten ways to cut the cost of your car insurance
With car insurance premiums rising by more than three times the rate of inflation in the last 12 months, here are some tips for reducing the cost of your cover. via Ten ways to cut the cost of your...
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Zurich has been named as Australia’s top insurer
Zurich has been named as Australia’s top insurer in Insurance Business’s inaugural Brokers on Insurers survey. The Insurers was ranked first in 8 of 11 categories. CGU, Chubb, Allianz, Vero and QBE...
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AIA offer Income Protection for workers up to the age of 70
Australian Life Insurer AIA have raised the age it will offer income protection insurance to Australian workers to the age of 70. AIA has also changed its Total Permanent Disability (TPD) and Income...
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Why use an insurance broker to purchase insurance?
An insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with professional advice, based on years of training and experience, a qualified broker can...
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Does your public liability policy cover your subcontractors
Tradies have been urged to check their public liability policy if they engage subcontractors, with some insurers not offering cover to companies that have more than 30% of their income derived through...
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Does business insurance cover theft by employees
Most Commercial Business Package – Business Insurance policy will have some limited cover for theft by employee or Employee Dishonesty most will have limit $5,000 provided loss is discovered within 45...
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Boat Insurer Personal Watercraft Insurance
Boat Insurance Nautilus Marine Insurance has expanded its extensive marine insurance product portfolio, with the launch of a dedicated Personal Watercraft Insurance policy on 1 July 2013. The PWC...
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Life Insurance Sales Drop
Life insurers are reporting a decline in the sales March 2012 and March 2013 according to the latest Plan for Life report AMP is till Australia’s largest life insurer, now followed by TAL who over...
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Life Insurer AIA reports a profit growth
Life Insurer AIA reported a profit growth of 34% with new premium increasing to $1,649 million. AIA recently announced changes to its Priority Protection product suite Under the new enhancements, AIA...
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