27 March 2023
Just shy of one year after the eastern Australia floods, severe floods brought Auckland, New Zealand's largest city, to a standstill, marking another record-breaking flood event in the region...
20 March 2023
The Australian Financial Complaints Authority held virtual forums last week to spell out to members how it’s planning to tackle looming challenges, including significant delays in resolving complaints...
13 March 2023
The flood catastrophe that struck Queensland and NSW in February and March last year is the most expensive insured loss event on record, at $5.76 billion and counting...
06 March 2023
Munich Re’s local MD Scott Hawkins has published an article detailing his views on extreme weather events and the rising cost of insurance...
27 February 2023
Rising premiums and acquisitions have delivered strong first-half results for each of the three listed insurance broking companies, with the firms upgrading outlooks and delivering positive messages to the market...
20 February 2023
Australia has so far this season avoided the extensive wind-driven destruction that tropical cyclones can bring but the impact of Gabrielle in New Zealand has again shown the devastating impacts of such storms even as they move south and change...
13 February 2023
Much as it did prior to the federal election last May, the Insurance Council of Australia has published a series of demands as NSW residents prepare to head to the polls on March 25...
06 February 2023
Almost like Exhibit A, IAG’s margin downgrade and discussion about rising premiums, inflation and natural peril costs came just a day after the first meeting of a new Federal Government and industry group looking at resilience and insurance affordability...
30 January 2023
As the industry gets into the swing of a new working year, employers and their staff will be hoping they’ve seen the last of covid lockdowns...
12 December 2022
With more Australians living in apartment complexes and plenty of issues affecting buildings and insurance, the last thing owners need is convoluted practices that are so opaque that they leave the door open to questionable practices...
05 December 2022
As the claims keep trickling in, this year’s flood catastrophe that struck NSW and Queensland in February and March has become the worst on record for Australia, as far as insured losses go...
28 November 2022
A federal parliamentary committee inquiry hearing ran all day on Friday, investigating the operation and implementation of the government’s new cyclone reinsurance pool...
21 November 2022
Quality of Advice reviewer Michelle Levy says that in a “perfect world”, there’d be no commissions – in the sale of general insurance, or just about anything else...
14 November 2022
The insurance industry’s message on improving disaster resilience is finally getting through – millions of dollars are being put aside for mitigation measures and ambitious buy-back and build-back programs have been launched...
07 November 2022
The launch of the Insurance Council of Australia Climate Change Roadmap marks a step-change in the industry’s approach to one of the defining issues of our time...
31 October 2022
Along with big-ticket funding for mitigation projects, the first Budget under the Albanese Government is also looking to drill down into the details of some tough insurance issues...
24 October 2022
We’re very used to flooded homeowners complaining to the mainstream media after discovering their insurance doesn’t respond to an event...
17 October 2022
The High Court of Australia decision against hearing appeals on covid-triggered business interruption cover largely concludes the industry test case process in favour of insurers but the resolution of claim disputes and other legal action may take some time yet...
10 October 2022
The insurance industry has raised its voice on resilience, and is achieving political cut through following natural catastrophes, but the crucial role it can play worldwide in delivering new technologies that lower emissions tends to fly under the radar...
03 October 2022
Doors opened to the biggest ever annual Dive In festival last week as industry leaders and inspirational guest speakers called on the insurance industry to herald in a “braver culture” at 150 events in 40 countries....