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....
26 September 2022
The Bureau of Meteorology has declared another La Nina is underway. This means Australia’s east coast will likely endure yet another wet, and relatively cool, spring and summer...
19 September 2022
Actuarial consultant Taylor Fry has released the annual Radar report, its “class-by-class" insights for insurers...
12 September 2022
The Insurance Council of Australia released two significant reports on natural catastrophes last week...
05 September 2022
After years of debate over the line between general and personal advice and rules related to each, the closely watched Quality of Advice review has put a plan on the table that cuts a swathe through previous discussions...
29 August 2022
People buy insurance so that they’re looked after when disaster strikes – but how prepared are they for the realities of the claims process after a major natural catastrophe?...
22 August 2022
Actuaries have painstakingly crunched the numbers on insurance affordability for Australia's 10 million households and the conclusion is clear: the current regime of taxes, building codes and land planning must change...
15 August 2022
Reinsurers are seeking more stability in a volatile environment that has changed significantly in recent times, with uncertain implications for pricing and capacity, a report from AM Best indicates...
08 August 2022
The legal test case process triggered by declined pandemic-related business interruption claims will head into a third year as the wheels of justice turn slowly and clarity is still sought over the issues...
01 August 2022
The Commonwealth Scientific and Industrial Research Organisation has released a major new report outlining seven megatrends that will shape our society over the next 20 years...