14 October 2024
The industry’s householders segment made an insurance service profit of $534 million in the June quarter and general insurers combined for an overall insurance service profit of $2.22 billion, prudential data released today shows...
14 October 2024
About 90% of catastrophe losses over the past decade have taken place between October and April, the Insurance Council of Australia warns today, as it urges residents and businesses to prepare for storm and bushfire threats...
14 October 2024
Early bird tickets are now on sale for a half-day Insurance News seminar that will address trends and challenges in cyber cover...
14 October 2024
A looming court decision on a residential building defect dispute could have implications for construction liability insurers, according to law firms following the case...
14 October 2024
Storms, floods and fires have accounted for more than 78% of school property insurance claims over the past decade, according to data from QBE...
14 October 2024
NRMA Insurance has warned of a scam involving an email purportedly from the insurer offering the chance to win a “car emergency kit”...
14 October 2024
The Insurance Council of Australia has championed “nature-positive insurance” as a way of promoting long-term climate resilience...
07 October 2024
NSW’s proposed ban on strata insurance commissions could result in small schemes paying more for cover and some strata managers going under, industry sources have warned...
07 October 2024
New Zealand’s High Court has imposed a $NZ6.175 million ($5.59 million) penalty on AA Insurance for failing to apply multi-policy and membership discounts and guaranteed no-claims bonuses, and has warned financial services businesses must be held to high standards...
07 October 2024
New Zealand’s Dunedin City Council has lifted a state of emergency after torrential rain last week caused severe flooding and landslides...
07 October 2024
The financial services sector now scores higher than 11 other industries for its sustainability efforts, Capgemini says...
30 September 2024
Banks are considering calling in or refusing loans on uninsured homes, risking creating “climate ghettos” across the country, an expert told a Senate inquiry into the impact of climate risk on insurance...
30 September 2024
The Insurance Brokers Code Compliance Committee has explained what it expects from the profession after voicing concerns in the past over low or zero breaches from some broking subscribers...
30 September 2024
The general insurance intermediated channel placed about $19.9 billion in premium during the first six months of the year, up from $18.8 billion a year earlier...
30 September 2024
Extreme weather is affecting shipping routes, extending voyage times and increasing risks for insurers, Axa XL marine hull and liabilities underwriter Ben Healey has told this year’s Claims Convention...
30 September 2024
Youi has warned bushfire-prone homeowners to prepare after its research found only half of survey respondents were concerned about the risk...
23 September 2024
The Federal Court has ruled against hearing covid-related business interruption claims involving four insurers as class actions, leaving policyholders to pursue cases individually if they want to proceed...
23 September 2024
Broker commissions have been labelled “a bit of a rort” at a Senate inquiry into the impact of climate risk on insurance premiums...
23 September 2024
Male drivers account for 54% of vehicle accidents, according to an AAMI study of 4.3 million claims from 2014 to last year...
23 September 2024
New Zealand’s Natural Hazards Commission is funding research that could provide detailed modelling for the impacts of volcanic eruptions...