WA Government Announces 40% Indemnity Insurance Premium Hike
The WA Government has announced there will soon be a 40% increase in Builders Indemnity Insurance premiums. Following advice from the Economic Regulation Authority and insurers that the current premiums are unsustainable, premiums will need to rise by 40% in the new year to reflect the true cost of providing the cover to consumers. QBE […]
QBE Insurance pull out of Builders Warranty Insurance in SA
The South Australian government is expected to step in to underwrite builder's warranty insurance after QBE withdrew due to high numbers of builder insolvencies. "From July 1 2013 when QBE cease to offer the builders' warranty insurance product, they'll act as an agent for the South Australian Government and effectively deliver an insurance product on […]
Calliden Withdraws from Victorian BWI market
Calliden have withdrawn from the Builders Warranty Insurance (BWI) market as of 2014. The move will leave QBE, which is underwritten by the Victorian Managed Insurance Authority (VMIA), as the sole BWI insurer in the state.
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