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Local

Echuca housing plan in flood-prone area prompts ICA action 

18 September 2023

The Insurance Council of Australia has written directly to a local government in northern Victoria over concerns that a planning approval will allow townhouses to be built in an area of Echuca inundated by Murray River flooding last year...

NZ insurers work through twin catastrophe claims  

18 September 2023

The Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa says claims from this year’s twin disasters of the Auckland floods and Cyclone Gabrielle now total $NZ3.5 billion, and insurers have already paid out more than $NZ2 billion...

Marinas battling soaring excesses  

04 September 2023

The Marina Industries Association says escalating insurance costs represent an increasing threat to tourism in Northern Australia and it’s gathering more data from members on the problems as the sector continues to push for inclusion in the Cyclone Reinsurance Pool...

Home insurance still in red: APRA data 

28 August 2023

Houseowners/householders insurance remains a troubled spot for the general insurance industry even after sharp rate rises in response to last year’s catastrophic floods and rising costs across claims and reinsurance...

Slip court case ‘warning to insurers’ 

28 August 2023

The court sequel to a man slipping on wet tiled stairs has highlighted the need for insurers to be clear with insureds about policy exclusions, especially those taken out online...

NZ ombudsman scheme complaints limit increased 

28 August 2023

New Zealand’s Insurance and Financial Services Ombudsman Scheme can investigate more complaints after its upper limit was lifted to $NZ350,000, an increase from $NZ200,000...

Climate reporting ‘must be taken seriously’ 

28 August 2023

A Senate inquiry into greenwashing and looming Treasury requirements for climate related financial reporting are building momentum for businesses to take the issues seriously, a legal expert warns...

Increased fire risk looms this spring 

28 August 2023

The Australasian Fire Authorities Council has released its seasonal bushfire outlook for spring, saying an earlier start to the high risk fire season is expected as climate influences have shifted significantly since a year ago...