May 7th, 2013
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.
Chairman and ICA President Mark Milliner said “We are very pleased to have Mr Enthoven on the Board. I look forward to the valuable perspective he will provide and benefiting from his insight and experience as the ICA continues to make progress on its advocacy work and industry-driven initiatives,”
Richard Enthoven is the Managing Director of Hollard (the owners of Real Insurance). Richard started his career with American International Group as Regional Underwriting Assistant for South America. From 1996 to 1998 he was a Project Manager for United Financial Casualty Company and then Project Manager for IVM Holdings, Inc. In 1999 Richard moved to Sydney and established Hollard in Australia.
Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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Tags: Australia, Critical Illness Insurance, ICA, Insurance, Insurance council of Australia, Real Insurance, Richard Enthoven
Posted in Insurance News, Insurers | 1 Comment »
April 8th, 2013
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 Indemnity. Where the Limit of Indemnity is Inclusive of Costs, the insurer will pay the claim amount and costs incurred in respect of that claim, up to the Limit of Indemnity. The insurer will not pay costs incurred in respect of a claim once such costs, together with the claim amount, exceed the Limit of Indemnity. Where the Limit of Indemnity is Exclusive of Costs, the insurer will pay the costs and expenses (or part thereof) incurred as a result of a claim, in addition to the Limit of Indemnity, subject to the terms and conditions of the policy. An Exclusive of Costs Limit of Indemnity is preferable to an Inclusive of Costs Limit of Indemnity.
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Tags: Exclusive of Costs, Inclusive of Costs, Limit of Indemnity, Professional Indemnity
Posted in Business Insurance, Insurance, Insurance Information, Professional indemnity insurance | No Comments »
March 27th, 2013
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 of the company will move from Associated Marine’s Melbourne base to Zurich’s Xpress Underwriting Centre in Sydney.
Zurich offer Hull Insurance, Commercial Hull, Insurance Builders, Risks Insurance, Cargo Insurance and Marine Liability.
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Tags: Associated Marine, cargo insurance, Commercial Hull, Hull Insurance, Insurance Builders, Marine Liability, Risks Insurance, Z.streamXpress, Zurich
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March 18th, 2013
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 offering the product from July 1 2013
Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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Tags: Builders Warranty Insurance, Insurance, QBE, South Australia
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March 7th, 2013
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 cameras, cameras and other photographic equipment and not portable music systems), household linen, bedding, kitchen and dining equipment and free-standing appliances, computers and printers and associated equipment (but not their software and files), outdoor garden furniture and free-standing playground-type equipment.
Your landlord contents do not include Any: items that your tenant is liable for under the rental agreement.
Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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Tags: landlord contents, landlords insurance, Quote, rental agreement
Posted in Insurance Information, Landlords Insurance | No Comments »
March 6th, 2013
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 the loss of income, profits or revenue when you can’t do business due to an unforeseen event.
Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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Tags: Business Insurance, Business Interruption Insurance, income, Profits, revenue, staff
Posted in Business Insurance, Insurance Information | 1 Comment »
February 28th, 2013
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 where a client didn’t answer honestly and accurately, this would include claims history, criminal convictions and property details.
Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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Tags: Claims History, Clients Duty of Disclosure, criminal convictions, Insurance, property details
Posted in Insurance, Insurance Information | 1 Comment »
February 27th, 2013
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 , ”We can manage that not through major redundancy programs, because we don’t have any, but through natural staff turnover and a reduction on any dependency on third party contractors,” he added.
The Australian based insure says its $US761 million ($741 million) net profit was slightly below guidance provided to the market in November last year, due to greater one-off charges than expected.
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Tags: Australia, Insurance, John Neal, QBE
Posted in Insurance News, Insurers | 1 Comment »
February 26th, 2013
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 extra for insurance. Calls to the airline to cancel the insurance are meet with “Sorry this is a non refundable fare”. Broker Steve Sloan from Insure 247 explains that the airline’s are wrong, “All Insurance has a cooling off period of around 14 days”, “if you don’t have any luck with the airline, contact the insurer directly”.
Consumers that feel they have not received the appropriate response are urged to contact The Financial Ombudsman Service
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Tags: Airlines, cooling off period, FOS, Steve Sloan, The Financial Ombudsman Service, Travel insurance
Posted in Insurance Information, Insurance News, Insurers | No Comments »
February 18th, 2013
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 signifies the beginning of a new and exciting era for our team.” Noel Condon, CEO of AIG Australia commented. “We are committed to embracing the challenges ahead, with a thirst for achievement and leveraging our global capacity for the benefit of our stakeholders, as the new AIG.”
Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information in the stories Terms of Service
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Tags: AIG, Australia, Chartis, Insurance
Posted in Insurance, Insurance Information, Insurance News, Insurers | 1 Comment »
