Local
New climate risk assessment paints stark picture
15 September 2025
The federal government today released its first National Climate Risk Assessment and National Adaptation Plan, warning impacts from natural catastrophes will worsen as access to insurance falls...
Trowbridge backs strata commission move
15 September 2025
Industry consultant John Trowbridge has backed the Strata Community Association NSW decision to phase out insurance commissions and has outlined steps underwriters and brokers should take...
Insured not to blame after fire spread to neighbour’s car
15 September 2025
The insurer of a car that caught fire is not liable for damage to a neighbour’s vehicle, the financial services ombudsman has ruled...
Study reveals ‘steep climb’ in home cover prices
15 September 2025
The average cost of a new home and contents policy has risen 14% over the past year, according to researcher Canstar...
Councils fall behind in race to fund resilience
15 September 2025
Local governments must invest more to mitigate the effects of climate change but their revenues are growing much slower than natural disaster costs, the Australia Institute warns...
Perils lowers Alfred cost estimate to below $2 billion
15 September 2025
Catastrophe data specialist Perils has revised its insured loss estimate for Cyclone Alfred to $1.92 billion following a third assessment...
Forecasters flag increased flood threat
15 September 2025
Eastern Australia is expected to receive above average rainfall in the fourth quarter of the year, with increased flood risk in parts of NSW and Queensland...
Strata group to train managers for commission shift
08 September 2025
Strata Community Association NSW says the phasing out of insurance commissions from next year will be supported by training, as the shift to alternative arrangements may be challenging for some managers...
NZ home insurer halts sales in high-risk quake zones
08 September 2025
AA Insurance has stopped selling home cover to new customers in New Zealand postcodes it has assessed as facing high risk of earthquakes...
Insurers win court battle over securities, D&O payouts
08 September 2025
Software company Nuix, subject to a shareholder class action and regulatory proceedings after listing in 2020, has lost a court case about the retention on insurance it held...
Ombudsman urged to toughen scope of works stance
08 September 2025
Financial Counselling Victoria has urged the dispute ombudsman to redefine “fair and accurate” relating to the scope of works in a home insurance cash settlement...
More help for NSW flood claimants
08 September 2025
The Insurance Council of Australia will host consultations for flood victims across NSW’s Mid North Coast...
‘Longer-term issues persist’ for household line
01 September 2025
The householders line’s improved results have not altered home insurers’ long-term cost challenges, including from extreme weather perils, the industry peak body says...
Cyclone pool success ‘not easily repeated for flood’
01 September 2025
Establishing a government pool for flood threats to tackle steep premiums should not be the “default solution”, even after a positive outcome on cyclone risk, actuaries warn...
Court hears appeal on BI declassing
01 September 2025
Federal Court judges have reserved their decision after an appeal hearing over two proposed business interruption class actions...
NZ homeowners face uninsurable future, consumer group says
01 September 2025
Consumer New Zealand says property owners may be priced out of home cover in the next decade after premiums increased by 916% over the past 25 years...
Towing body slams fees freeze
01 September 2025
Accident towing operators across Melbourne may fail if Victoria’s Essential Services Commission continues with current fee structures, an industry group warns...
Volcanic heat sheds light on blast impacts
01 September 2025
Natural Hazards Commission Toka Tu Ake say signs of heat under the Auckland area’s largest volcano could provide vital insights into the after-effects of an eruption...
Industry alarm at ‘pause’ on construction code
25 August 2025
The federal government’s plan to deliver more homes by easing the regulatory burden on the building sector has stoked concerns among insurers...
Building dispute decision a boost for sector
25 August 2025
The NSW Supreme Court has rejected a property owner’s bid to sue the insurer of a builder that went broke...