07 May 2021
Swiss Re Corporate Solutions says it has introduced an initiative to help Asia-Pacific companies assess physical climate risk impacts on their global portfolios as businesses face increasing scrutiny over potential exposures...
07 May 2021
The Australian and New Zealand Institute of Insurance and Finance will host its annual awards celebration at The Star Event Centre in Sydney on October 26...
06 May 2021
Claims data for NSW flooding in March won’t reflect the full extent of damage as prohibitive insurance costs meant many people with properties at risk from inundation had not taken out cover, Risk Frontiers says following research on Mid North Coast impacts...
06 May 2021
Reinsurance brokerage Guy Carpenter has launched an Asia Pacific Catastrophe Advisory Group, to be led by Sydney-based Senior Vice President Jeremy Waite...
06 May 2021
General rates for marine cargo in Australia are set to rise by as much as 10% over the next two years, driven in part by growing market losses, Aon says in a quarterly update...
06 May 2021
A new property owner seeking rectification costs from his insurer for a carport and patio addition made in 1979 has lost a claim dispute...
05 May 2021
The Federal Government says $600 million will be invested in a new disaster preparation and mitigation program to be managed by a National Recovery and Resilience Agency...
05 May 2021
QBE Insurance Group is pushing ahead with the “orderly transition” of its business towards climate goals set by the Paris Agreement and is aiming to have more women in its leadership and board ranks, Chairman Mike Wilkins told shareholders at today’s AGM...
05 May 2021
A driver estimated to have been travelling at 166kmh seconds before colliding with another vehicle in a 40kmh zone has lost his claim dispute with Suncorp...
05 May 2021
The long-expected confirmation of a government cyclone reinsurance pool is the focus of the latest edition of the Insurance News podcast...
04 May 2021
The Insurance Council of Australia says the industry will work with a Treasury-led taskforce on the design and operation of a cyclone-region reinsurance pool that will come into effect from July next year...
04 May 2021
Commercial rates in the Australia-led Pacific region and globally grew at a slower pace in the three months to March, according to Marsh, raising expectations that the market may have peaked after several quarters of record-breaking increases...
04 May 2021
Broker Aon announced today the launch of a shareholder class action exposure modelling service, responding to clients’ need for support to manage the challenging directors’ and officers’ insurance market...
04 May 2021
The Australian Financial Complaints Authority has ruled a truck theft claim lodged with HDI Global Specialty should be paid even though the key was left with the vehicle when it was parked in the street overnight...
30 April 2021
Gordon Legal says it is looking at launching a series of class actions against multiple insurers after being contacted by hundreds of firms over unpaid business interruption claims...
30 April 2021
NSW state insurer icare introduced reforms too quickly and without adequate testing while showing disregard for “proper and prudent” procurement practices, independent reviewer Robert McDougall says in a report released today...
30 April 2021
Genworth Mortgage Insurance posted a $34.8 million underwriting profit in the first quarter as strong house prices and a robust economy boosted uptake of home loans and also improved the outlook for claims...
30 April 2021
A 70-year-old Indigenous man, who is dependent on Centrelink benefits and never really learnt to read or write, was duped into buying a funeral insurance plan from Aboriginal Community Benefit Fund and is entitled to a full refund for premiums he has paid, a ruling has found...
29 April 2021
The Australian Small Business and Family Enterprise Ombudsman has proposed a power that could require insurers to “show cause” when they decline cover in areas such as the resources sector and live animal exports...
29 April 2021
A Senate-appointed Select Committee has described as “unacceptable” catastrophe-prone northern Australia’s deteriorating insurance affordability crisis, warning “inaction” to adopt mitigation measures as proposed by multiple inquiries cannot go on indefinitely...