07 June 2023
The Federal Government has announced the list of 187 projects that will receive $200 million from the mitigation-focused Disaster Ready Fund to shore up the country’s defences against future floods, cyclones and other natural perils...
07 June 2023
The Federal Court has found against insurers in a dispute over whether they were notified about a possible professional indemnity claim over flammable cladding on the 36-storey Atlantis Towers building in Melbourne, amid wider concerns generated by the Lacrosse fire...
07 June 2023
ANZ CEO Shayne Elliott says Australia’s banking sector is dynamic and competition continues to increase, and its $4.9 billion offer to buy Suncorp Bank should not be blocked by the regulator...
07 June 2023
The failure of Catholic Church Insurance is the main topic tackled by the panel in the latest edition of the Insurance News podcast...
06 June 2023
The Bureau of Meteorology has issued an El Nino Alert, indicating a higher chance of the type of drier weather and warmer temperatures associated with increased bushfire risk in south eastern Australia...
06 June 2023
A homeowner who said an earthquake damaged her property will be covered for repairs after an Australian Financial Complaints Authority ruling found her insurer failed to establish grounds to decline the claim...
06 June 2023
Mustard Underwriting has signed a strategic partnership with leading cloud-based cybersecurity services provider Digimune, enabling it to offer “world class” personal cyber cover to the Australian and wider Asia Pacific market...
06 June 2023
Australian plantation owners are buying parametric insurance to preserve the value of carbon credits as well as counter bushfire risk, Descartes Underwriting says...
02 June 2023
Two-thirds of insurance industry employers plan to increase salaries by more than 3% at review time, and almost all intend to offer some increase, a new survey by recruitment firm Hays says...
02 June 2023
Robert Pasquini, a senior and expert broker who spent 27 years at Marsh, has died after a long battle with cancer...
02 June 2023
A vehicle owner who failed to inform his insurer that his car had pre-existing damage has lost his challenge against its decision to cancel his existing policy and reduce its liability for a claim...
02 June 2023
Latitude Group Holdings has completed the sale of its Hallmark business to St Andrew’s Insurance Group for $21.3 million...
01 June 2023
The New Zealand Government announced today a “voluntary buyout” scheme for Category 3-designated residential properties in cyclone and flood-affected regions, including ones that were affected by Cyclone Gabrielle and the record North Island floods this recent summer...
01 June 2023
New Zealand’s Toka Tu Ake EQC has increased its reinsurance to a record level, just below $NZ8.2 billion, and has entered the catastrophe bond market for the first time...
01 June 2023
A Brisbane-based homeowner has won a dispute against her insurer to have her asbestos corrugated roof replaced after it was damaged by a hailstorm...
01 June 2023
Industry statistics released by the Australian Prudential Regulation Authority – and the story behind them – are the main focus for the panel on the latest episode of the Insurance News podcast...
31 May 2023
Catholic Church Insurance says it will be engaging with staff on next steps as an orderly run-off process is undertaken following the decision to not provide new insurance policies or renewals...
31 May 2023
A pharmacy located inside a Victorian hospital has lost a battle over a business interruption claim lodged after pandemic restrictions prevented potential customers accessing the store...
31 May 2023
Underwriting agency CHU says its strata and build-to-rent portfolios will enter the Federal Government’s cyclone reinsurance pool in July...
31 May 2023
WTW has launched "unique" parametric insurance for sugarcane farmers in Queensland that covers yield shortfalls caused by reduced application of nitrogen fertiliser, which has doubled in cost in Australia in the past year...