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Bushfire royal commission targets mitigation

24 February 2020

Prime Minister Scott Morrison has launched a royal commission into this summer’s bushfire catastrophe, which is estimated to involve insured losses of at least $1.91 billion...

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10 million policies pinpoint 15 ways to cut catastrophe risk

24 February 2020

The Insurance Council of Australia is preparing to publish 15 proposals quantifying for the first time just how much insurance premiums could decline under recommended measures to counter risks from cyclone, flood and bushfire...

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‘Tick-box’ risk management won’t fly post-Hayne: WTW

24 February 2020

Widespread misconduct in financial services uncovered by the Hayne royal commission means a broader range of stakeholders than ever before will carefully examine organisations and judge whether risk frameworks are adequate...

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Cyclone Esther crosses NT coastline

24 February 2020

Tropical Cyclone Esther is set to bring heavy rain to remote NT and Queensland communities after crossing the coastline in the Gulf of Carpentaria earlier today...

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Exclusions will limit coronavirus BI impacts

24 February 2020

Exclusions and policy trigger rules are expected to curb potential insurance losses from business interruption claims related to the coronavirus epidemic...

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Property owner not covered for Melbourne inferno

24 February 2020

Swiss Re International has won a court case over establishing insurance cover was not in place when a large industrial fire broke out in western Melbourne in 2018...

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Tower wins indemnity dispute

24 February 2020

A New Zealand court has confirmed a claimant can only make one claim for the maximum sum insured in a policy, rejecting a bid to have Tower Insurance pay for property damage caused by three separate quakes...

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AFCA member forums to kick off in April

24 February 2020

The Australian Financial Complaints Authority will host eight member forums across five capital cities this year, giving the financial services sector an opportunity to hear from its decision makers...

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EQC recovery manager resigns

24 February 2020

Earthquake Commission Deputy CEO Readiness & Recovery Renée Walker has resigned and will depart in May after a three-month transition period...

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Suncorp CEO wants faster resolution to gender imbalance

24 February 2020

Suncorp Insurance CEO Gary Dransfield has called on people across the industry to push for more rapid change to end the gender imbalance...

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