Appeal planned against BI declassing
16 December 2024
Law firm Gordon Legal says it will appeal against a Federal Court decision that means participants in planned class actions will instead have to pursue their cases individually...
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Suncorp adds to calls for nature-based mitigation
16 December 2024
Suncorp and Natural Hazards Research Australia say there is “growing urgency” to incorporate nature-positive solutions such as floodplain restoration and reef protection into disaster mitigation efforts...
Bureau ditches El Nino, La Nina watches and alerts
16 December 2024
The Bureau of Meteorology will no longer issue fortnightly updates including La Nina and El Nino watches and alerts, or publish a dial showing swings between the climate drivers, as historical experience becomes a less reliable future indicator...
Sure flags underinsurance fears for cyclone-prone regions
16 December 2024
Queensland underwriting agency Sure has warned of underinsurance in cyclone-prone areas after comparing levels of cover in different parts of the state...
NZ household premiums rise as reinsurance costs keep up pressure
16 December 2024
New Zealand personal lines premiums gained 20% over the past year, fuelling calls from consumer advocates for more transparency on how prices are calculated, the NZ edition of Taylor Fry’s annual Radar report says...
Householders line maintains recovery in ‘best September quarter’
09 December 2024
The industry booked an insurance service profit of $2.21 billion and after-tax profit of $2.08 billion in the September quarter, up from $2.18 billion and $1.54 billion in the preceding quarter, prudential data shows...
Economic fears front of mind for business chiefs
09 December 2024
Australian business leaders say economic downturn, inflation and shortages in energy, food and labour are their greatest fears over the next two years, according to a World Economic Forum survey...
Fitch flags more premium rises in ‘neutral’ outlook
09 December 2024
Australian insurers’ gross written premium is expected to grow by “mid to high single digits” as companies raise rates to cover increased claims and natural hazard allowances, Fitch Ratings says...
In Insurance News magazine this month
09 December 2024
Ongoing scrutiny around strata insurance makes the cover of the latest Insurance News magazine, as our detailed report explains how we got here, and what might still be around the corner...
Call for united front against ‘cascading impacts’ of climate crisis
02 December 2024
A worsening insurance affordability crisis requires a “multifaceted approach”, the chair of a Senate committee inquiry says...
Increased fire danger as dry spring leaves south ‘well primed’
02 December 2024
Large parts of the country face increased fire risk this summer, the Australasian Fire and Emergency Service Authorities Council says...
Above average rainfall, warm summer expected
02 December 2024
Australia is expected to receive above average rainfall this month before a return to typical January conditions, the Bureau of Meteorology says in a summer climate outlook...
NZ experts produce landslide guide as danger grows
02 December 2024
New Zealand’s Natural Hazards Commission says new slope stability guidelines will help identify and assess landslide risks, which have grown in recent years...
Marsh eyes government role in cyber response
25 November 2024
Marsh wants the government to do more to address catastrophic cyber threats by establishing “really clear” regulations, promoting awareness, fostering collaboration and “considering a framework and a fund” to cover uninsurable risks...
Judge ends dispute around on-sold quake claims
25 November 2024
A New Zealand court has provided clarity on claims advocate impacts when a property damaged in the Canterbury earthquakes is eligible for a government on-sold program, a Christchurch-based specialist says...
Insurance News conference to unveil exclusive research
25 November 2024
Insurance News’ second annual conference will feature findings from an exclusive market report compiled with gold partner Finity, plus speakers and panellists examining the key issues affecting the industry...
Shoppers told to avoid festive fires amid surge in battery blazes
25 November 2024
The NSW government has urged Christmas shoppers not to “skimp on quality and safety” when buying lithium-ion battery products, as new data shows a growing number of fires caused by the items...
Indigenous adviser program secures resilience award
25 November 2024
The Australian Institute for Disaster Resilience has announced its award winners for this year...
Mortgage insurance foundations ‘keep risk low’: S&P
25 November 2024
S&P says Australia’s lenders’ mortgage insurance market will remain low-risk over the next year or two as the sector continues to perform despite premium growth retracting...
Allianz flags rise in family violence cases
25 November 2024
The number of Allianz customers affected by family violence and accessing support through their insurance policies has increased 31% in the past year, the company’s data shows...