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ICA calls for ‘clear commitment’ on risk reduction as election date set
31 March 2025
Prime Minister Anthony Albanese has called a federal election for May 3, and the Insurance Council of Australia says it is focused on advocating for “meaningful investment in mitigation”...
Half-year intermediated premium climbs
31 March 2025
General insurance intermediaries issued premium invoices totalling $22.3 billion in the six months to December, the Australian Prudential Regulation Authority says...
Cyclone sweeps across remote northwest coast
31 March 2025
Cyclone Dianne crossed WA’s Kimberley coast early on Saturday, bringing heavy rain and flash flooding...
Water restoration standard ‘sets new benchmark’ for claims
31 March 2025
A new Australian standard for water damage restoration will advance national claims handling consistency, work quality and consumer protection, an industry professional says...
Insurers to visit hail-hit Victorian town
31 March 2025
The Insurance Council of Australia will host a community consultation and information session in the Victorian town of Casterton on Wednesday...
Consumer law centre demands full take-up of flood inquiry findings
31 March 2025
The Consumer Action Law Centre wants the next government to press the insurance industry over recommendations made by the parliamentary inquiry into the 2022 floods...
Experts group flags ‘exciting projects’, conference
31 March 2025
Association of Insurance Building & Engineering Consultants chair Deniz Bekir says the group has “exciting projects” lined up to lift the quality of expert reports used by insurers...
Automated vehicles ‘create driver dilemma’ in road laws
31 March 2025
Experts have warned the wording of current road rules risks creating legal loopholes around self-driving vehicles...
Medical bills drive up travel payouts, Southern Cross says
31 March 2025
Southern Cross Travel Insurance has warned against travelling without cover after revealing last year’s most expensive claim cost 259% more than the 2023 record-holder...
ICA ‘working to panel’s timeline’ on code update
24 March 2025
The Insurance Council of Australia aims to produce a revised code of practice by the middle of this year, after last week releasing a second-stage response to recommendations from an independent review and the parliamentary floods inquiry...
AFCA salutes insurer efforts on expert reports
24 March 2025
The dispute authority has praised the industry for its response to recommendations on the use of expert reports, but says underlying claims handling issues have yet to be addressed...
Industry calls for reforms to slow motor premium surge
24 March 2025
Urgent co-ordinated action is needed to address the systemic drivers of rising motor cover premiums, the Insurance Council of Australia says...
Lobby group pushes to make strata a ‘priority on national agenda’
24 March 2025
The Strata Community Association has made disclosure and transparency a key plank of its campaign to increase federal policymakers’ awareness of sector priorities...
Queensland councils demand premium action
24 March 2025
The Local Government Association of Queensland has pressed for federal action to help residents and businesses in disaster-prone areas secure affordable insurance...
NHC eyes home use of Raspberry Shake seismometers
24 March 2025
New Zealand’s Natural Hazards Commission Toka Tu Ake says an off-the-shelf seismometer “could revolutionise earthquake monitoring”...
ICA action plan outlines more flood inquiry, code review responses
17 March 2025
The Insurance Council of Australia has released an action plan that includes responses to remaining recommendations from the parliamentary floods inquiry and the code of practice review...
‘Our work has only just begun’: Alfred claims surge above 63,000
17 March 2025
The number of claims for damage from Ex-Cyclone Alfred has passed 63,000, according to the Insurance Council of Australia’s latest tally, issued this afternoon...
Insurance expert calls for expanded natural disaster pool
17 March 2025
Clayton Utz partner Sophy Woodward says expanding the cyclone reinsurance pool to cover all natural disasters could be the best short-term solution to a looming climate-induced insurance affordability crisis...
More than 200 attend Insurance News conference
17 March 2025
Insurance News’ Outlook 2025 conference was held in Sydney last week, and initial feedback indicates the event was a significant success...
Motor industry leads rise in Australian product recall activity
17 March 2025
The latest Australian edition of Sedgwick’s product recall report shows recall actions rose 7% to 1288 last year...