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Industry profit improves 4.5% on premium gains

29 November 2021

The general insurance industry returned better results in the year to September 30, with net profit after tax rising 4.5% to $944 million from a year earlier, according to the latest prudential data...

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La Nina declaration points to wet summer, floods

29 November 2021

Australia will experience a La Nina for the second year running after the Bureau of Meteorology (BOM) last week declared the flood-inducing weather pattern was now underway...

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High grass, crop fuel loads lift summer bushfire risk

29 November 2021

Forecasts for significantly above average crop yields and delayed harvests in NSW suggest unusually high fuel loads will coincide with the peak of summer and create above normal risk for bushfires in large parts of the state...

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Code committee urges more action on hardship measures

29 November 2021

The General Insurance Code Governance Committee says measures introduced to assist customers experiencing vulnerability and financial hardship should be reviewed in the wake of implementation...

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Simple cyclone parametric cover seen as fast relief option

29 November 2021

Retail parametric cover aimed at Northern Australian enterprises and consumers will help meet a need for a simple option that can deliver fast emergency payments after severe tropical cyclones, provider Redicova says...

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Turf wars, misalignment threaten M&A success

29 November 2021

Significant merger and acquisition activity among insurers, brokers and underwriting agencies has sparked a warning from consultants Frazer Walker on issues that could derail the success of deals...

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EQC awards hazard research grants

29 November 2021

New Zealand’s Earthquake Commission has awarded 13 researchers a total of $NZ1 million to identify ways to reduce the impact of natural hazards and better inform policy makers, local councils, designers, engineers and builders...

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