Insurers step back from thermal coal
04 June 2018
Insurers are withdrawing cover for thermal coal as regulation and ethical practices have a growing impact on the industry…
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Bushfire power lines ‘not up to standard’
04 June 2018
An energy regulator’s report on the Terang bushfire in Victoria has concluded powerlines owned by utility company Powercor did not meet Australian “clearance standards”…
Industry records sharp rise in profit
28 May 2018
General insurers and reinsurers recorded a 42.3% rise in after-tax net profit to $3.7 billion in the year to March, Australian Prudential Regulation Authority data shows…
Brokers beat direct on coverage, says Vero research
28 May 2018
New survey data shows small businesses are twice as likely to be fully covered for losses if they buy insurance through a broker rather than buying direct…
Insurtechs slam insurers’ slow reactions
28 May 2018
The vast majority of insurtechs want to collaborate with the established industry, but they believe incumbents are not doing enough…
Renovation trend drives above-forecast asbestos claims
28 May 2018
Mesothelioma claims have exceeded expectations as home renovations cause an extended third wave of asbestos exposure, James Hardie says…
NZ losses mount on storm, flood claims
28 May 2018
Insurance losses from storms in Auckland last month have passed $NZ72 million…
Industry CEOs back cyber-attack preparation
28 May 2018
Insurance is the third most prepared industry for a cyber attack, according to KMPG’s latest global CEO survey…
Scammers take heavier toll
28 May 2018
Australian businesses lost nearly $4.7 million to scammers last year – up 23% on the previous year…
Buyers in dark on lenders’ mortgage cover
28 May 2018
Almost half of prospective homebuyers are unsure how lenders’ mortgage insurance works…
NZ quake researchers find more fault lines
28 May 2018
More fault lines have been discovered under Hamilton in New Zealand, which may increase insurance premiums…
Industry urged to target Millennials, Gen Z
21 May 2018
Millennials and Generation Z consumers offer the greatest growth potential for insurers because they will take out more cover as they grow older, research company Roy Morgan says…
Queensland group aims to reduce marine risk
21 May 2018
Whitsundays broker Maria Dwyer has helped form a group to reduce marine risk in the region…
Funding woes put infrastructure top of councils’ risk list
21 May 2018
Infrastructure has topped an annual ranking of local government risks, while cyber jumps to fourth place after entering the list for the first time last year…
Australian business resilience dips as cyber concerns grow
21 May 2018
Australia has ranked 17th in a global index assessing the resilience of business environments, with cyber exposure and infrastructure quality emerging as concerns…
Old methods still working for cyber crooks
21 May 2018
Cyber criminals are still wreaking havoc on computer systems using “traditional” techniques, brokers have been warned…
Quake model’s seismic shift may affect loss estimates
21 May 2018
An update to Australia’s earthquake hazard model has more than halved both the number and annual rate of damaging events the country’s east is thought to suffer, and may lead to a significant reduction in insurance loss estimates…
Hobart storm losses climb as more claims come in
21 May 2018
Insurance losses from floods in the Hobart region this month have climbed to $27.99 million as the clean-up continues…
Risk modelling start-up harnesses new tech
21 May 2018
New catastrophe risk modeller Reask has begun operations…
Modeller identifies Tathra bushfire pattern
21 May 2018
A much higher percentage of homes were lost within one metre of bushland during bushfires in the NSW town of Tathra than in comparable blazes…