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High Court BI appeal application hearing months away

8 August 2022

The High Court of Australia will consider oral arguments on the business interruption test case appeal applications, but has indicated a hearing won’t be listed before October at the earliest...

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D&O rates set for 'further softening': Marsh

8 August 2022

Australian directors’ and officers’ rates are expected to continue easing in the months ahead after contracting 5% in the second quarter of this year, the first decline since 2017, Marsh says, following the release of its latest quarterly update of commercial insurance premium pricing...

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Climate risk poses threat to property insurance profits: GlobalData

8 August 2022

A new GlobalData report warns Australian home insurers of increased profitability risks as the advent of climate change-led weather-related claims compounds increasing insurance costs...

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Covid takes third spot for nation's cause of death

8 August 2022

Covid has caused more deaths in Australia than cardiovascular disease and lung cancer so far this year, to be overtaken only by ischaemic heart diseases and dementia, the Actuaries Institute says...

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Toka Tu Ake EQC sees rising demand for land damage assistance

8 August 2022

New Zealand’s Toka Tū Ake EQC says demand for land damage cover provided by the organisation is likely to increase with climate change but many residents are unclear about the insurance arrangements...

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Insurers to meet Victorian storm policyholders: ICA

8 August 2022

The Insurance Council of Australia says it will hold an in-person meeting on August 17 in Montrose, Victoria, for policyholders affected by last year’s storm event in July, which has led to claims costs of $310.4 million to date...

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