Bushfire, cyclone losses pass $60 million
26 March 2018
Insurance losses from bushfires and an NT cyclone this month have topped $60 million and are expected to climb, the Insurance Council of Australia says…
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Slater & Gordon weighs Tathra fires class action
26 March 2018
Law firm Slater & Gordon is investigating a potential class action on behalf of residents and property owners affected by the Tathra bushfires, after a preliminary investigation found electrical infrastructure was a likely cause…
Climate change to ‘double NSW bushfire costs’
26 March 2018
The cost of bushfires in NSW is expected to double by mid-century as climate change exacerbates the fire season, according to the Climate Council…
Dozens of data breaches reported under new regime
26 March 2018
More than 30 data breaches have been reported to the Office of the Australian Information Commissioner in the three weeks since notification legislation was enacted…
NZ businesses ill prepared for cyber attacks: Marsh
26 March 2018
New Zealand businesses are not ready to manage cyber incidents, despite ranking breaches among the top five risks they face, according to a Marsh survey…
Fehi bill closes on $36 million
26 March 2018
Cyclone Fehi is expected to cost insurers more than $NZ$39 million, according to the Insurance Council of New Zealand…
EQC close to finalising Kaikoura claims
26 March 2018
New Zealand’s Earthquake Commission has completed 93% of residential building, 97% of contents and 98.5% of land settlements from the 2016 Kaikoura catastrophe…
Add-ons dominate complaints, consumer advocate says
19 March 2018
Add-on insurance is becoming a significant issue being investigated by the royal commission on financial services misconduct…
ICA declares fires a catastrophe as cyclone hits NT
19 March 2018
The Insurance Council of Australia has declared a catastrophe in southern NSW and southwest Victoria after weekend fires devastated property, while claims are being lodged after Cyclone Marcus hit Darwin on Saturday…
Bushfire research reveals underinsurance on farms
19 March 2018
Many NSW farmers are badly underinsured, according to a Bushfire and Natural Hazards Co-operative Research Centre study…
La Nina ends as neutral conditions return
19 March 2018
A weak and short-lived La Nina has ended after possibly keeping temperatures higher than average in southern regions recently…
Collaboration on tech crucial to industry: Allianz
19 March 2018
Technology and disruption are the keys to staying relevant in the evolving insurance industry, according to Allianz Australia COO David Krawitz…
Edgecumbe flood payouts near completion
19 March 2018
Nearly all claims from the Edgecumbe flood have been partially or fully settled, according to the Insurance Council of New Zealand…
Wollongong sets out climate change risks, management plan
19 March 2018
Wollongong has adopted a coastal zone management plan to mitigate climate change-induced hazards…
Half-year intermediary premium passes $10 billion
12 March 2018
Insurance intermediaries invoiced $10.6 billion of premium in the six months to December 31, according to the Australian Prudential Regulation Authority…
North Queensland storms declared catastrophe
12 March 2018
The Insurance Council of Australia has declared North Queensland storms a catastrophe after the Cassowary Coast and Hinchinbrook regions in particular were hit by heavy rain and flooding…
Debbie claim payouts near completion
12 March 2018
Insurers have finalised more than 95% of residential home and contents claims lodged after Cyclone Debbie struck northern Queensland in March last year…
Minister piles on the pressure for unfair contract terms review
12 March 2018
The extension of unfair contract term provisions to insurance should be considered because many outside the sector do not accept adequate protections exist, Revenue and Financial Services Minister Kelly O’Dwyer says…
ICA joins project to streamline work disability system
12 March 2018
The Insurance Council of Australia has joined a public/private sector project to better align the various parts of Australia’s work disability system and deliver better outcomes for people with health conditions…
ICNZ slams lack of action on climate change
12 March 2018
The Insurance Council of New Zealand has criticised a climate change report from the Parliamentary Commissioner for the Environment for ignoring the issue of adaptation…