Prudential guidance on climate risk finalised

26 November 2021

The Australian Prudential Regulation Authority today released its final prudential practice guide on climate change, setting out how insurers and other financial services providers can manage related financial risks arising from global warming within their existing framework...

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Big spending owners corp loses dispute over repairs

26 November 2021

An owners corporation seeking to recoup $55,000 it spent removing pavers from a back yard and replacing them with a concrete slab has lost a claim dispute after insurer-appointed builder quotes revealed the work could have been done for a fifth of the cost...

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Local

Vanilla Lounge BI case settles in favour of Suncorp

22 November 2021

Federal Court action filed by the Vanilla Lounge restaurant against Suncorp over business interruption cover during the pandemic has settled in favour of the insurer, as both sides draw positives from a judgment last year on a separately decided question considered as part of the case...

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