Property Insurance News
Property valuers face negligence lawsuits
Monday February 28, 2011
THE nation's banks, financiers and mortgage insurers are pursuing property valuers for negligence claiming their inflated values triggered more than $100 million in losses in both residential and commercial property since the start of the global financial crisis.Wading through the aftermath
Saturday February 26, 2011
Flood-affected landlords and tenants face a tangle of issues.Quake delivers knockout blow in year from hell
Friday February 25, 2011
BY ANYONE'S standards, Suzanne and Paul Hubball have had a rotten year. They were bankrupted by an employee who embezzled them, their house was badly damaged in September's earthquake and finished off in Tuesday's quake.Classification of quake worth billions in claims
Thursday February 24, 2011
THE New Zealand government and private insurers are facing a tough round of negotiations over whether Christchurch's deadly earthquake was an aftershock from the bigger, but less damaging, quake that shook the region last September.Disasters leave cloud over Suncorp
Thursday February 24, 2011
SUNCORP has experienced a "horrible" six months with its profits and staff ground down by an "extraordinary" string of natural disasters ranging from floods to earthquakes, its chief executive said yesterday.Suncorp reels but endures
Thursday February 24, 2011
SUNCORP Group has told investors it has just passed through one of the toughest periods in its history, with profits and staff ground down by an "extraordinary" string of natural disasters, ranging from floods to earthquakes.Consider covering all bases
Sunday February 20, 2011
WHEN it comes to insurance, one thing that the floods and subsequent cyclone Yasi in Queensland have done is made us all much more aware of what we're actually covered for.What are you waiting for?
Sunday February 20, 2011
While first home buyers abound, wary property investors are taking a while to move back into the market, writes David Potts.Caught up in a moving saga
Wednesday February 16, 2011
Shonky removalists can turn a stressful time into a nightmare.Joyce's drive through flooded creek writes off $80,000 official car
Tuesday February 15, 2011
NATIONALS Senate leader Barnaby Joyce has written off an $80,000 government Toyota LandCruiser wagon by driving it into a flooded creek on the way to his northern NSW grazing property.Buildings resist bushfires, earthquakes and cyclones - but not floods
Thursday February 10, 2011
The contrast between the damage caused by Queensland's floods and cyclones is stark. Both events exceeded anything to hit the state in more than a century but the building damage is very different because of what has happened since 1974.Couple dodged bushfires, then wiped out by Yasi
Tuesday February 8, 2011
"WE'VE come a long way, baby," Eddie Hollyoak says with a belly laugh, as he sums up life at his Tully Heads property since cyclone Yasi hit.Life after Yasi: bare essentials, but the phone is back
Tuesday February 8, 2011
"WE'VE come a long way, baby," Eddie Hollyoak said with a belly laugh, as he summed up life at his Tully Heads property since cyclone Yasi hit.Insurance rises if trend goes on
Monday February 7, 2011
AUSTRALIANS will pay significantly higher insurance premiums if the recent spate of natural disasters across the country becomes a trend, according to employment groups, analysts and insurers,.Suncorp warns of premiums rises
Monday February 7, 2011
SUNCORP has become the first of the big insurers to strongly signal that the cost of household and other insurance will rise following the devastating floods and cyclone Yasi.For some survivors, the battle to rebuild isn't anywhere near over
Sunday February 6, 2011
Many insurers were generous after Black Saturday, but stand-offs continue, writes Ruth Williams.Floods lead to premiums surge
Saturday February 5, 2011
HOME insurance premiums are poised to jump as the industry attempts to recoup more thanCounting the cost of Yasi's great fury
Saturday February 5, 2011
FROM feast to famine. Before cyclone Yasi came roaring inland, levelling three-quarters of Australia's banana crop, the nation had been experiencing a banana glut.Cyclone Yasi will hit every home owner
Saturday February 5, 2011
HOME insurance premiums are poised to jump as the industry attempts to recoup more than $1.6 billion in payouts after Queensland's floods and cyclone Yasi, according to one of the nation's top insurance executives.QBE does a little cherry-picking
Saturday February 5, 2011
QBE Insurance is making a $700 million play on the United States housing slump by cherry-picking parts of Bank of America's specialty home insurance business.Insure against unsettling surprise
Saturday February 5, 2011
Who is responsible for the upkeep of a property during the settlement period?The barbell approach to risk
Saturday February 5, 2011
LAST week, I outlined some of the key risks we face this year. These include an economic or financial setback in China and a potential domestic property downturn. This week, I'll share some specific strategies that could help mitigate them.QBE seeks to weather the storm
Saturday February 5, 2011
QBE INSURANCE is spending $700 million in the depressed US housing market by cherry picking parts of Bank of America's specialty home insurance business.Disasters offer lessons in horror and humility
Friday February 4, 2011
We can't defy nature but we can act to protect ourselves.Good luck, good management
Friday February 4, 2011
CYCLONE YASI'S full toll will take months to calculate but its immediate effects are obvious. On parts of the coast between Cairns and Townsville, damage has been widespread, with hundreds of houses destroyed, unroofed or damaged, infrastructure wrecked and crops wiped out. The heartache for householders and farmers whose possessions and investments have been lost will, of course, be great. The repercussions on insurers and on food prices will continue for months or more. More important, though, there have so far been no reports of loss of life or even severe injuries as a result of the worst cyclone in memory. Given the force of the winds when the cyclone hit the coast, and the size of the storm, that is an astonishing achievement.QBE in $1bn deal to snare US insurer
Friday February 4, 2011
GLOBAL insurer QBE is expected to announce as early as today a $1 billion-plus deal to buy one of America's largest insurers of heavily leveraged houses caught in the financial crisis.QBE in trading halt ahead of billion-dollar US swoop
Friday February 4, 2011
THE global insurer QBE is set to announce as early as today a billion dollar-plus deal to buy one of America's largest insurers of heavily leveraged houses that have been caught up in the whirlwind of the global financial crisis.Families pack up and hope for mercy
Thursday February 3, 2011
THE eye of the cyclone hit just beside Cardwell, where Ken Stephens was using his bed and breakfast as an evacuation centre. The fierce wind was had already begun to cause damage. "The wind is circling and it is turning around the rain around and breaking it up."Economies can cope with wild elements
Thursday February 3, 2011
Yesterday was one consumed by anticipation of the disaster that large numbers of Queenslanders were set to endure as possibly the worst cyclone in almost 100 years approached - ready to wipe out crops, property, infrastructure and livestock.Farmers face crop losses of $1 billion
Thursday February 3, 2011
MORE than $1 billion could be ripped away from sugar cane growers after heavy rains and now cyclone Yasi devastate crops.Sugar cane growers brace themselves for another hit
Thursday February 3, 2011
MORE than $1 billion could be ripped from sugar cane growers because of devastation of the crop, first by heavy rains and now cyclone Yasi.Farmers fear crop losses of $1 billion
Thursday February 3, 2011
FARMERS in Queensland fear they are facing crop losses of more than $1 billion as cyclone Yasi threatened sugar cane and banana crops.Sugar cane growers ready to take another big hit
Thursday February 3, 2011
MORE than $1 billion could be ripped from sugar cane growers because of crop devastation, first by heavy rains and now by cyclone Yasi.After floods comes a storm for insurers
Wednesday February 2, 2011
INSURERS were bracing themselves yesterday for a further battering with another round of hefty payouts looming from cyclone Yasi, even as the $1.5 billion damages bill from last month's floods continued to rise.Cyclone Yasi could spark heavy losses
Wednesday February 2, 2011
INSURERS are bracing for another round of hefty payouts as Cyclone Yasi threatens the Queensland coast, even as the $1.5 billion damages bill from last month's floods continues to rise.Flood claims hit $1.51bn
Tuesday February 1, 2011
TOTAL estimated insurance claims for losses from the Queensland floods has hit $1.51 billion, according to the Insurance Council of Australia.Queensland flood claims reach $1.5b
Tuesday February 1, 2011
TOTAL estimated insurance claims for losses from the Queensland floods have hit $1.51 billion, the Insurance Council of Australia said.