ICA reveals nearly $600 million in summer nat-cat claims
22 February 2016
A tornado in Kurnell, southern Sydney, in December has so far cost insurers $205.3 million, according to figures released by the Insurance Council of Australia today…
Local
Bushfire experts call for national resilience strategy
22 February 2016
The independent Bushfire Building Council of Australia has joined scientists and indigenous experts in calling for a national strategy to improve community resilience to fire…
Buyer’s market to persist: Marsh
22 February 2016
Capacity will continue to exceed demand in the Australian general insurance market this year, according to Marsh…
Christchurch claimants protest on quake anniversary
22 February 2016
About 1000 Christchurch residents held a protest yesterday about insurance responses to the 2011 Christchurch earthquakes, marking the eve of the worst quake’s fifth anniversary…
Judge begins hearing Blue Mountains class action
22 February 2016
A class action against Endeavour Energy over the 2013 Blue Mountains bushfires reached court last week, with the hearing expected to last more than two months…
In the latest edition of Insurance News (the magazine)
22 February 2016
The long-awaited technological revolution is already impacting on insurance, and promises to change everything about the way the industry works. Insurance News (the magazine) looks at the influences behind the changes, and how brokers in particular will be challenged by new systems and operating models. The name of the game is disruptive innovation, and our February/March edition examines just how extensive the disruption will be…
Brokers maintain healthy pulse despite flatlining prices
15 February 2016
Red-hot competition seems to agree with the insurance broking industry…
2015 among hottest years, BOM confirms
15 February 2016
Last year was Australia’s fifth-warmest on record, with the national mean temperature 0.83 degrees above the 1961-90 average, according to the Bureau of Meteorology…
NASA data reveals rise in bushfire numbers
15 February 2016
The number of bushfires in Australia increased by about 40% in the six-year period to 2013, according to a computer model developed by CSIRO Data61 scientists…
Insurers ‘must act’ on climate change
15 February 2016
Australian general insurers must accept the realities of climate change and increase pressure on governments over mitigation, Taylor Fry Senior Actuary Sharanjit Paddam says…
Canterbury quake damage mostly under EQC cap
15 February 2016
The Insurance Council of New Zealand expects few domestic claims following Saturday’s 5.7-magnitude earthquake in Canterbury…
Rising insolvencies ‘highlight need for credit cover’
15 February 2016
The 18% rise in the number of business insolvencies last year should act as a warning to all organisations to protect their bottom lines, says major broker Marsh…
WA to test driverless buses
15 February 2016
A driverless bus will go on trial in WA later this year, in a first for the country…
ICA to hold forum for WA bushfire victims
15 February 2016
The Insurance Council of Australia will hold a forum for policyholders affected by the recent bushfire in WA’s southwest…
Consumer advocate questions strata grant progress
08 February 2016
Campaigners fear a $12.5 million scheme to provide grants to north Queensland body corporate managers for building assessments has been stalled by bureaucracy…
Victoria agrees rebuild package for bushfire victims
08 February 2016
Owners of homes and businesses destroyed by the Great Ocean Road bushfires will receive assistance to rebuild under a memorandum of understanding between the Insurance Council of Australia and the Victorian Government…
El Nino in ‘gradual decline’
08 February 2016
The worst of the current El Nino is over, with the weather phenomenon – which usually means drier and hotter conditions in Australia – easing from its peak late last year, according to the Bureau of Meteorology…
Industry urged to act on fossil fuel divestment
08 February 2016
Australian insurers should follow Allianz’s lead and begin divesting from fossil fuels, according to environmental group Market Forces…
NZ boards focus on risk as technology fears linger
08 February 2016
About three-quarters of New Zealand directors believe their boards spend more time discussing risk management than they did two years ago…
Insurers confident on year ahead
08 February 2016
The financial services and insurance industries expect “solid” improvements this year, with confidence rating just above the national average, according to the latest Sensis Business Index…