15 September 2023
The Insurance Council of Australia has written to the Campaspe Shire Council in northern Victoria urging it to reconsider a decision to approve the construction of 16 townhouses on flood-prone land near the Murray River...
15 September 2023
Insurers have paid out more than $NZ2 billion in claims from this year’s twin disasters of the Auckland floods and Cyclone Gabrielle...
15 September 2023
The next 10 years are a “critical window” for the insurance industry to play its part in mitigating nature-related risks, Insurance Council of Australia CEO Andrew Hall says...
15 September 2023
A theft victim who claimed for contents allegedly stolen from his home will not be reimbursed after a dispute ruling determined that the items were taken before an insurance policy had been incepted...
14 September 2023
US specialty insurer Markel is launching in Australia and has recruited Axa XL Head of Long Tail Lines Rory Morison to lead its operations here...
14 September 2023
Three-quarters of Australians are concerned climate change will make insurance more expensive, according to an Australia Institute survey of more than 2000...
14 September 2023
A property owner who repaired and renovated her home before lodging a claim will not be covered after a dispute ruling found the works affected the insurer's ability to assess the situation...
14 September 2023
It's R U OK? Day and there's one last chance for readers to complete the Insurance News wellbeing survey...
13 September 2023
The Commonwealth-backed cyclone reinsurance pool has not delivered “substantial” premium savings since it commenced on July 1 last year, the Australian Consumers Insurance Lobby says in a report released today...
13 September 2023
The hailstorm that hit Sydney two decades ago would cause an estimated $8.85 billion in losses if it happened today, topping the record southeast Queensland and NSW floods and highlighting rising risks as a result of population growth, an Insurance Council of Australia report says...
13 September 2023
Professional services firm Aon has named Jeff Plein as its new Asia Pacific COO, succeeding Bill Hooper, who has been promoted to Global COO of Commercial Risk Solutions...
13 September 2023
The Rendez-Vous de Septembre in Monte Carlo is the main topic of conversation on the latest episode of the Insurance News podcast...
12 September 2023
The insurance sector reported 25 data breaches in the six months to June, placing it among the top five sectors to notify the Office of the Australian Information Commissioner of a cyber incident...
12 September 2023
Conditions are preparing the way for a concerning combination of El Nino and positive Indian Ocean Dipole – two weather systems that are likely to contribute to reduced rainfall and potentially severe summer bushfires...
12 September 2023
Primary insurers are best suited to “absorb frequency and attritional losses” while reinsurers are reverting to their core function of supporting underwriters in recovering from large loss events such as the earthquake in Turkey, Swiss Re says...
12 September 2023
A WA homeowner whose property was damaged by Cyclone Seroja in 2021 will not have his roof claim paid after it was found to have pre-existing wear and tear...
08 September 2023
Treasury has held meetings with key stakeholders on standard definitions and the standard cover regime, as it moves ahead with work on the issue in line with action flagged in the Federal Budget last October...
08 September 2023
QBE is in negotiations with artists over proposed amendments to its policy terms for work undertaken at heights...
08 September 2023
Lloyd’s has reported a half-year profit before tax of £3.92 billion ($7.67 billion), rebounding from a year-earlier loss of £1.8 billion ($3.52 billion) on the market’s best underwriting performance since 2007 and a turnaround in investment returns...
08 September 2023
A landlord has lost a claims dispute after he used his rental property as an undisclosed wedding and events venue...