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Flood claimants question 'like-for-like' replacements

27 June 2022

Victims of this year’s record-breaking floods are increasingly asking insurers to help make their properties more resilient as they rebuild – but policies usually specify like-for-like replacements...

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BOM sees above average winter-spring rainfall, despite La Nina end

27 June 2022

Sea surface temperatures are currently warmer than average for much of the Australian coastline, a pattern increasing the chance of above average winter-spring rainfall for Australia, the Bureau of Meteorology says...

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Floods 'severity' adds to rate pressure: S&P

27 June 2022

Australian gross written premium is expected to grow 7.5% this calendar year, reflecting the impact of the NSW/Queensland floods, past catastrophes and claims inflation facing the industry, according to S&P Global Ratings...

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Victorian earthquake responsible for third-most AFCA complaints

27 June 2022

The Australian Financial Complaints Authority says last year’s Victorian earthquake generated the third-highest number of insurance complaints in the past 12 months...

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RACQ reveals flood-related settlement figures

27 June 2022

RACQ Insurance says it has settled 90% of motor claims relating to severe floods that impacted Queensland earlier in the year...

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In Insurance News magazine this month

27 June 2022

The June/July issue of Insurance News magazine is out now, featuring must-read articles and interviews on some of our industry’s most important issues...

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Landlords, brokers warned to be clear on meth cover

27 June 2022

New Zealand’s Financial Services Complaints Limited advises landlords and insurance brokers to ensure that policies cover all risks appropriately, as complaints about methamphetamine damage rise...

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