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...
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...
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...
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...
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...
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...
05 February 2024
The Insurance Council of New Zealand has named former cabinet minister Kris Faafoi as its new CEO...
05 February 2024
The Insurance Council of Australia says it has significant concerns about businesses that purport to offer a smooth and cost-free insurance claim experience for not-at-fault drivers...
05 February 2024
CHU Strata Insurance, Strata Community Insurance and Strata Unit Underwriters retained their top spots in an annual ranking by StrataRatings, with their products receiving platinum honours in the residential and commercial space...
18 December 2023
It’s been another fascinating and thought-provoking year in insurance, and you can click through to today’s Analysis article to remind yourself of some of the most popular stories of 2023...
18 December 2023
Suncorp has received more than 500 claims related to tropical cyclone Jasper as the Bureau of Meteorology says “unprecedented rainfall” is leading to widespread flooding across North Queensland after the category two storm made landfall last week...
18 December 2023
The Insurance Council of New Zealand says insurers have fully settled about 87% of all private insurance claims relating to Cyclone Gabrielle and the North Island floods...
18 December 2023
It’s that time of year when we recognise the top influencers and influences in insurance. The December/January issue of Insurance News magazine presents our considered, if not scientific, summary of this year’s movers and shakers...
18 December 2023
Australia can expect a jump in climate litigation cases next year, Clyde & Co has predicted...
18 December 2023
The Australian Finance Industry Association says Arteva and QPR have become Insurance Premium Funding Code of Practice members following an accreditation process...
18 December 2023
Extreme laboratory testing on an 84-year-old bridge at the University of Auckland has provided promising insights for key infrastructure across New Zealand...
11 December 2023
Tropical Cyclone Jasper is expected to cross the northern Queensland coast on Wednesday bringing gale-force winds, heavy rainfall and the risk of flash flooding...
11 December 2023
IAG says Australian communities and systems are nearing a “tipping point” where the capacity for community resilience may be diminished by increasing natural disaster risk, as it calls for state and federal entities to give more consideration to land planning decisions...
11 December 2023
The positive Indian Ocean Dipole, which contributes to dry weather in eastern Australia, is likely past its peak, while an El Nino event is continuing in the Pacific, the Bureau of Meteorology says in a climate driver update...
11 December 2023
The Insurance Council of Australia has flagged a “concerning trend” of non-insurance amongst travellers following a new survey, which found more Australians were travelling without adequate protections...