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Category Archives: Insurance
QLD floods and insurance valuations
This link from Insurance News updates the status of insurance claims on flood damaged properties in Brisbane and Victoria, plus Cyclone Yasi. According to the article there are currently 650 disputes outstanding with 28,826 claims resolved. See http://insurancenews.com.au/local/disasters-push-up-the-number-of-fos-disputes
Posted in Australian real estate, Brisbane, Insurance
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Flood cover – insurers say no
Calls for automatic inclusion of flood cover on home insurance policies have been rejected. A FEDERAL Government review panel’s recommendation for the automatic provision of flood cover within home insurance policies will reduce consumers’ product choice, the insurance industry says. … Continue reading
Insurance costs to rise
This from http://www.theaustralian.com.au/business/news/general-insurance-premiums-set-to-leap/story-e6frg906-1226093364672 THE cost of general insurance is set to jump as insurers move to protect their profits by passing on the higher price of reinsurance to customers. As this year’s spate of natural disasters forces up reinsurance costs, analysts … Continue reading
Flood prone properties get insurance rate hike
This from http://www.news.com.au/money/insurance-premiums-soar-300-per-cent-for-homes-in-victorian-flood-zones/story-e6frfmci-1226076233108 INSURANCE premiums for some homes have jumped more than 300 per cent in flood prone areas. Premium renewal notices sent to customers in Victoria and Queensland whose places remained unscathed in this year’s flooding are indications of how … Continue reading
QBE insurer flags losses
This article from SMH today: The boss of QBE, Frank O’Halloran, left the market flat-footed last night after holding a snap investor briefing to announce a profit guidance downgrade two weeks before it closes its books for the six months … Continue reading
End of La Nina reduces future Qld flood risk
The QLD floods and cyclones were intense, matching the unusually severe La Nina weather pattern. But as we flagged a couple of months ago, the La Nina has weakened and BOM now reports that it has ended (see below). This … Continue reading
Outlook for insurance premiums
Propell National Valuers It seems that we had barely finished drafting a report on the Queensland floods, when an earthquake struck Christchurch NZ. Again, having almost finished updating the report, this weekend Japan is devastated by an earthquake and a … Continue reading
