04 December 2023
Flood events accounted for more than 54% of losses from declared insurance events in the last five years despite only a small percentage of properties known to be at risk, the Insurance Council of Australia (ICA) says in a submission to a parliamentary inquiry...
04 December 2023
Severe storms and flooding in southern and eastern Australia over the past week have triggered thousands of claims across a swathe of the country...
04 December 2023
The Bureau of Meteorology says a tropical cyclone has a high chance of forming near the Solomon Islands and could move close to the Queensland coast next week...
04 December 2023
Large areas of Queensland, NSW and the NT are at increased risk of summer bushfires after above average August to October maximum temperatures...
04 December 2023
Toka Tu Ake EQC has awarded more than $NZ1.2 million to 14 research teams as part of its Biennial Grants round...
27 November 2023
Stamp duty reforms must be undertaken as part of measures to improve affordability and resilience, Insurance Council of Australia CEO Andrew Hall has told the National Press Club in Canberra...
27 November 2023
A caravan park near Tamworth that was part of the first covid-related business interruption test case on exclusions citing the Quarantine Act will have its claim paid after the Australian Financial Complaints Authority ruled in its favour on other parts of the cover...
27 November 2023
The Property Council of Australia has concerns over NSW Government plans to remove the Emergency Services Levy from insurance and apply a different model to raise the funds...
27 November 2023
The Insurance Council of Australia says in the first annual update on its climate change roadmap that more than 85% of members surveyed have set organisation-wide net zero targets by 2050 or earlier, and more than 60% have also set interim targets...
27 November 2023
IAG received 51,000 claims across its AMI, State and NZI brands after destructive North Island floods and Cyclone Gabrielle struck early this year, and has so fair paid out more than $NZ1 billion for the two events...
27 November 2023
An international team of scientists set sail from Wellington on Saturday to lay an offshore network of seismic sensors on the ocean floor to give a better understanding of earthquake and tsunami risk from New Zealand’s largest and most active fault, the Hikurangi Subduction Zone...
20 November 2023
An independent review of the general insurance code of practice will be conducted over two phases, with the second to focus on flood-related topics...
20 November 2023
The Australian Financial Complaints Authority has urged general insurers to review the way expert reports and submissions are prepared after a rise in “complex” general insurance disputes...
20 November 2023
A new fire-retardant paint that expands and creates a protective insulating layer during fire events is now on sale at Bunnings for around $39 a litre...
20 November 2023
New Zealand’s general insurance industry is likely to see increased government involvement as more and more households struggle with premium affordability, AM Best says in a report on the country’s non-life sector...
20 November 2023
Recession, inflation and energy supply shortages are the top three risks identified in a survey of executives in Australia and New Zealand, conducted in collaboration with insurer Zurich...
20 November 2023
Allianz Australia's Chief Technical Officer James Fitzpatrick has urged Australia to keep building momentum on resilience investment to help prepare for severe climate hazards...
13 November 2023
Listed brokers AUB Group and PSC have set out their position on the revised Insurance Brokers Code of Practice, arguing that the previous version would have been “impractical”...
13 November 2023
Business interruption cover for the Optus outage is unlikely to be available in most cases due to requirements around physical damage and time limits, insurance lawyers say...
13 November 2023
Notices inviting policyholders to register their interest in business interruption class actions triggered by pandemic disruptions will be sent out by early February following preliminary Federal Court hearings to approve the process...