'Active emergency': ICA declares NSW floods a significant event
16 November 2022
The Insurance Council of Australia has declared a significant event for parts of central-west NSW impacted by severe flooding since Saturday...
Daily
Johns Lyng acquires cat repair, strata management businesses
16 November 2022
Johns Lyng Group announced today new business investments of nearly $5.1 million to strengthen its catastrophe repairs and strata management offerings...
AA Insurance appoints new CEO
16 November 2022
Auckland-based Michelle James has been appointed CEO at AA Insurance, effective from February, as Chris Curtin retires from the role after 28 years...
INsight podcast: building on floodplains and flash flooding fears
16 November 2022
Developments on floodplains and the problems being stored up for the future are the main focus of the latest Insurance News podcast...
Disclosure dispute under new duty delivers property owner win
15 November 2022
A property owner who didn’t reveal six previous claims due to her interpretation of a renewal question has won a dispute after the insurer was unable to show she had failed a duty around not making misrepresentations...
'Time of need': NSW towns evacuated; kiwi flood helpers flown in
15 November 2022
Thousands of western NSW residents have evacuated their homes as the Lachlan River neared 11 metres for the first time in decades, while emergency services enlisted support from New Zealand, Singapore and the US to manage the state’s ongoing flooding catastrophe...
Insurance House parent acquires Victorian brokerage
15 November 2022
Insurance Brands Australia has acquired Bendigo-based brokerage Aus Insurance Services, strengthening its presence in the north-western region of Victoria...
BHSI appoints Regional Property Head for Australia and New Zealand
15 November 2022
Berkshire Hathaway Specialty Insurance has announced that Craig Taylor will be its new Regional Head of Property for Australia and New Zealand...
'Alarming' surge in rainfall burst intensity raising Sydney flood risks
11 November 2022
Rainfall intensity during short rapid bursts has increased 40% in the past two decades in the Sydney region, raising risks from flash flooding as outdated infrastructure is overwhelmed, climate researchers say...
Council mitigation cash aims to lower North Queensland premiums
11 November 2022
The Queensland government is spending $10 million on council risk mitigation projects in an effort to lower insurance costs in the north of the cyclone and flood-prone state...
UAC looks to fill newly created CEO role
11 November 2022
The Underwriting Agencies Council has started screening potential candidates to take up the newly created CEO role as the peak body looks to build on the growth of the agency sector...
ICA to hold information session in flood-hit Rochester
11 November 2022
The Insurance Council of Australia will host a “town hall” information evening for insurance customers affected by recent flooding in Rochester and nearby Victorian communities...
'Century of bad planning' requires mitigation catch-up
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...
ICA to host further meetings for flood-affected customers
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...
Homeowners compensated for rental loss at 'grossly contaminated' property
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...
NSW to create disaster reconstruction authority
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...
ASIC letter spells out expectations ahead of high-risk summer
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...
Aon sets up Climate Advisory Council
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...
INsight podcast: commissions, climate change and coal
09 November 2022
Recommendations to allow broker commissions to continue are the dominant discussion point on the latest edition of the Insurance News podcast...
Parliamentary committee to inquire into cyclone pool
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...