WA coast spared worst as Lincoln blows over
26 February 2024
Former Cyclone Lincoln crossed the WA coast near Carnarvon on Saturday night as a tropical low, after failing to intensify and bring the wild weather expected...
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Experts to host cyclone data webinar
26 February 2024
Natural Hazards Research Australia will host a webinar tomorrow on capturing cyclone data in real time...
Victoria storms flagged as 'significant event'
19 February 2024
The Insurance Council of Australia has declared last week’s storms in Victoria a “significant event” after nearly 10,000 claims were filed...
Cyclone Lincoln tipped to re-emerge off WA
19 February 2024
The Bureau of Meteorology says there is a high likelihood of ex-Tropical Cyclone Lincoln reforming offshore from northern WA later this week...
Program released for inaugural Insurance News conference
19 February 2024
The extensive line-up of expert speakers has been revealed for Insurance News’ inaugural industry conference on March 19...
Perils releases final Cyclone Gabrielle loss estimate
19 February 2024
Catastrophe data specialist Perils says Cyclone Gabrielle caused $NZ2.17 billion ($2.03 billion) of insured losses, in its fourth and final estimate for the event...
Victoria bushfires destroy 47 properties
19 February 2024
Last week’s bushfires in regional Victoria have destroyed 47 properties, the state’s emergency services said in an update today...
Rising home cover costs squeeze out New Zealanders
19 February 2024
About 8% of New Zealand homeowners have let their house insurance policies lapse due to high costs, while 18% with contents cover did not renew or cancelled it, a survey by Consumer NZ has found...
EQC welcomes engineering guidance on new buildings
19 February 2024
Toka Tu Ake EQC says engineering guidance to help design new buildings in New Zealand is a “culmination of decades of natural hazard research” funded by the organisation...
Flood inquiry: Allianz says it can’t stand alone on cover choice
12 February 2024
Allianz Australia is reviewing whether it should keep offering flood choice for new customers while supporting existing policyholders under the current model, MD Richard Feledy has told the parliamentary inquiry into insurers’ responses to the 2022 catastrophes...
Relief for businesses as rate rises ease
12 February 2024
Commercial insurance prices in the Australia-dominated Pacific market were flat in the December quarter, extending last year’s slowdown...
Surging insurance prices pile pressure on households
12 February 2024
Home and motor insurance costs soared last year, vastly outpacing the 4.1% annual rise in the Consumer Price Index, Australian Bureau of Statistics data shows...
Cyclone pool not resolving availability issues for higher-risk strata
12 February 2024
Strata properties in northern Queensland are continuing to face issues gaining insurance as underwriters say the Cyclone Reinsurance Pool is focused on price reduction rather than addressing underlying risks...
QBE sustainability head joins Insurance Council
12 February 2024
The Insurance Council of Australia says Kate Lyons, most recently QBE group head of sustainability, has joined as Chief Information Officer for the next 12 months...
Home cover ‘must stand on own two feet’, ICA tells flood probe
05 February 2024
Home insurance profitability remains a challenge for the industry and it should not be cross-subsidised by other lines of business, Insurance Council of Australia CEO Andrew Hall has told a parliamentary committee inquiry...
ICA outlines initial losses for Queensland wet weather
05 February 2024
The Insurance Council of Australia says insurers have received more than 79,000 claims in relation to ex-Tropical Cyclone Jasper and the Christmas and New Year floods, with losses amounting to $743 million as wet weather swept across Queensland...
AFCA chief demands action to ease unsustainable complaint tally
05 February 2024
Australian Financial Complaints Authority CEO and Chief Ombudsman David Locke says complaints are rising at an “unsustainable rate”, with insurance among the most common areas of dispute...
JLT class action ends as Victorian councils back settlement
05 February 2024
The Victorian Supreme Court has approved the settlement of a local government class action against JLT, with the proceeding to be discontinued with no orders on costs...
RAA chief joins Insurance Council board
05 February 2024
The Insurance Council of Australia has announced Royal Automobile Association Insurance CEO Tara Page will join its board as a non-executive director, filling a vacancy created by former Royal Automobile Club of Tasmania chief insurance officer Paul Sofronoff’s departure...
Climate impacts, AI misinformation flagged as key risks
05 February 2024
Extreme weather tops the list of risks considered most likely to cause a “material” global crisis in the year ahead, and in Australia it is viewed as a major threat to the economy, according to a World Economic Forum report produced in partnership with Zurich and Marsh McLennan...