04 May 2022
Disputes from the NSW/Queensland floods have risen to 135, with insurance-related claims matters accounting for the majority of cases, an update today from the Australian Financial Complaints Authority shows...
04 May 2022
A dog owner has been awarded cover for six of seven of the pet’s medical problems during a claim dispute hearing, with the industry adjudicator ruling conditions that arise and are treated during a policy waiting period are not always pre-existing...
04 May 2022
The global economic environment and what it means for insurers is the focus for the panel on the latest Insurance News podcast...
03 May 2022
Updated Insurance Council of Australia data on the storms and floods that impacted southeast Queensland and coastal NSW in February and March shows the event set a record to be Australia’s costliest flood ever...
03 May 2022
Australia faces the dire prospect of becoming an “uninsurable nation”, with more than half a million homes, or one in 25 properties, forced to go without insurance cover in eight years’ time because of climate change, a new report warns ahead of the May 21 federal election...
03 May 2022
Lismore City Council has proposed “a planned retreat” from high-risk residential areas, government-backed reinsurance protection for the central business district and consideration of a new commercial precinct as it seeks to avoid a repeating cycle of flooding devastation...
03 May 2022
Tools and measures relied upon to make investment decisions on climate change adaptation spending are not adequate in the current environment and new approaches are urgently needed, the Actuaries Institute summit heard today...
29 April 2022
Marsh says the “worst is over” for directors’ and officers’ following the release of its latest quarterly rate tracker, and that the NSW/Queensland floods have curtailed any pricing relief that had been predicted for the property class at the start of the year...
29 April 2022
Tributes have been paid to the founder of Melbourne-based Honan Insurance Group, who has died aged 92...
29 April 2022
Property and casualty insurers face profitability pressures this year as inflation increases claims severity while benefits from higher interest rates will take longer to come through, Swiss Re says in a report on the global economy...
29 April 2022
A man whose motorbike was stolen from the street outside his home after he had told his insurer it would be parked in his garage has lost a claim dispute...
28 April 2022
An NRMA Insurance-backed project aimed at improving the resilience of homes against floods, bushfires and other weather disasters has been launched, offering free architectural drawings, construction specifications and handbook guides...
28 April 2022
Professional Risk Underwriting (ProRisk) has launched a covid insurance product that offers a one-off cash benefit if a fully vaccinated policyholder is hospitalised due to contracting the virus...
28 April 2022
A motorist who missed two policy premium payment instalments when he changed his job, email address and phone number has lost a claim dispute...
28 April 2022
The east coast flood catastrophe continues to dominate discussion on the Insurance News podcast, as one estimate puts insured losses at close to $4 billion...
27 April 2022
A Risk Frontiers paper says the cluster of storms causing extreme rainfall and flooding in Queensland and NSW arose from a rare combination of influences, while warning of severe risks if changing climate patterns lead to greater overlap between tropical cyclones and east coast lows...
27 April 2022
Suncorp has transformed a Rockhampton street by paying for upgrades to homes that will help protect residents from natural catastrophes...
27 April 2022
A community coalition led by First Nations groups has released an open letter to the major political parties calling for action to prevent Aboriginal and Torres Strait Islander families being denied the dignity of a culturally appropriate funeral and grieving period due to the collapse of Youpla funeral funds...
27 April 2022
The owner of a rusty shed has won a payout in a claim dispute after it was blown over by strong winds and partially demolished during a severe storm last winter...
22 April 2022
Consumer advocate Financial Rights Legal Centre has released a report expressing concern over the data practices of insurers, such as relying on erroneous historical information to assess new claims...