10 November 2022
Multi-year investment programs that may ultimately cost in the billions of dollars will be required by governments to remedy issues left by a century of poor planning, Suncorp CEO Steve Johnston says...
10 November 2022
The Insurance Council of Australia will hold in-person forums for flood-affected communities in Brisbane and parts of northern NSW to allow customers to meet with insurers...
10 November 2022
Landlords who sought compensation for a loss of rent for three properties after they were deemed unliveable have won their claims dispute against their insurer...
10 November 2022
New legislation has been introduced to parliament today for the establishment of a NSW Reconstruction Authority dedicated to natural disaster preparedness, recovery and reconstruction...
09 November 2022
The Australian Securities and Investments Commission has written to insurers warning they should be prepared, proactive, transparent, consumer-centric and responsive in dealing with claims as they face a summer that’s likely to continue the recent heightened pattern of severe weather events...
09 November 2022
Aon announced today it has established an advisory council in Australia to address climate risks as well as find solutions and mitigation initiatives...
09 November 2022
Recommendations to allow broker commissions to continue are the dominant discussion point on the latest edition of the Insurance News podcast...
08 November 2022
The Federal Parliamentary Joint Select Committee on Northern Australia will this month hold a one-day hearing into the cyclone reinsurance pool to consider changes needed for the scheme to operate more quickly and effectively in reducing premiums...
08 November 2022
The protection gap for cyber crime risk is significant, with premiums amounting to just a fraction of total losses from cyberattacks and most firms either uninsured or significantly underinsured, a new Swiss Re Institute report says...
08 November 2022
Rising living costs have overtaken cyber security failures as the biggest worry for Australian business leaders, a global survey of executives carried out by Marsh McLennan and Zurich has found...
08 November 2022
A home contents insurance policyholder whose renewal was declined due to the number of claims she made will not be compensated after a dispute ruling determined that the insurer was entitled to follow its underwriting guidelines...
04 November 2022
Representatives of the caravan park industry say more work is needed to tackle insurance accessability as businesses struggle to afford soaring premiums...
04 November 2022
Reinsurance prices are set to continue to rise and retention levels will also increase in upcoming renewals following more challenging market conditions in the wake of Hurricane Ian and Australian flooding, Swiss Re says...
04 November 2022
PSC Insurance Group says it has a binding agreement to acquire the UK business of underwriting agency Ensurance after completing due diligence, after the planned investment was announced in July...
04 November 2022
Policy clarity around the risks covered is critical amid a rise in complaints this year related to natural disaster claims, Australian Financial Complaints Authority Lead Ombudsman Insurance Emma Curtis says...
03 November 2022
Australia has experienced a natural catastrophe “trigger event” that is transforming the approach to disaster resilience and recovery, the new head of the National Emergency Management Agency says...
03 November 2022
The industry has been put on notice to expect increased focus from regulators on a range of pressing issues including pricing failures, policy wording lapses, product designs, climate-fuelled weather events, risk oversight and claims handling delays...
03 November 2022
The owners of a stolen jet ski will not have their claim paid after a dispute ruling determined that their insurer was entitled to rely on policy exclusions related to the security of the vehicle’s storage...
03 November 2022
Lloyd’s-backed underwriting agency Agile has launched its casualty offering on its online Powered By Agile (PBA) platform, opening it up to more brokers...
02 November 2022
The Insurance Council of Australia has released a roadmap for insurers to meet emissions reduction targets and says it will advocate on behalf of members and their customers for policy settings that accelerate Australia’s transition to net zero...