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Australia's QBE Insurance remains top pick among AUNZ insurers - Citi

BUZZ-Australia's QBE Insurance remains top pick among AUNZ insurers - Citi ** QBE Insurance QBE.AX remains the top pick amongst Australia and New Zealand insurers on "conservative" FY24 combined operating ratio (COR) estimate - Citi ** Brokerage sees further growth and forecasts a FY24 COR of 92.8% for QBE, lower than co's estimate of 93.5%, on a r
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Australia's corporate regulator asks general insurers to improve claim practices

UPDATE 1-Australia's corporate regulator asks general insurers to improve claim practices Adds details on ASIC statement in paragraphs 2-6 March 6 (Reuters) - Australia's corporate regulator said on Wednesday it issued a letter to the country's general insurance firms asking for improvement in insurance claim handling practices, especially in response to severe weather events.
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Australia's corporate regulator calls on insurers to improve claim practices

Australia's corporate regulator calls on insurers to improve claim practices March 6 (Reuters) - Australian corporate regulator said on Wednesday said it issued a letter to the country's general insurance firms asking for improvement in their insurance claim handling practices, especially in response to severse weather events. Reporting by Poonam B
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Australia's ASIC Calls On Insurers To Improve Claims Handling Practices

BRIEF-Australia's ASIC Calls On Insurers To Improve Claims Handling Practices March 6 (Reuters) - Insurance Australia Group Ltd IAG.AX : ASIC LETTER CALLS ON INSURERS TO IMPROVE CLAIMS HANDLING PRACTICES ISSUED LETTER REMINDING GENERAL INSURERS OF OBLIGATIONS AS AUSTRALIAN FINANCIAL SERVICES LICENSEES WHEN HANDLING INSURANCE CLAIMS ISSUED LETTER RE
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War insurers shrug off Rubymar sinking in Red Sea, rates stable

UPDATE 1-War insurers shrug off Rubymar sinking in Red Sea, rates stable Adds Rubymar valuation in paragraph 7, new Red Sea attack in paragraph 14 By Jonathan Saul LONDON, March 4 (Reuters) - The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, industry sources said.
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