Australia exposed as climate threat grows: Swiss Re
04 March 2024
Australia is among the countries most exposed to economic losses from weather-related perils, according to a new climate risk report from Swiss Re...
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NZ apartment owners seek answers on rising premiums
04 March 2024
Apartment owners in Wellington, New Zealand, have launched an advocacy group to tackle soaring insurance premiums in high-rise strata blocks...
Australia ranks high for flood exposure, coverage: Munich Re
26 February 2024
Australia has more insured properties exposed to flood than Britain despite its smaller population, Munich Re Australia MD Scott Hawkins has told the parliamentary inquiry into the industry’s response to the 2022 catastrophes...
El Nino continues to weaken, with end in sight
26 February 2024
The El Nino event in the Pacific Ocean continues to weaken and conditions are expected to return to neutral in April or May, the Bureau of Meteorology says...
Abuse victim awarded $2.4 million as 1994 payout overturned
26 February 2024
A court has set aside a three-decade-old settlement of $34,000 in a sexual abuse case and awarded the victim $2.4 million in damages for the same claim...
In Insurance News magazine this month 
26 February 2024
US-based WR Berkley President and CEO Rob Berkley visited the insurer’s Australian operations this month, and spent time with Insurance News magazine to outline the group’s management philosophy...
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...
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...