19 June 2023
Commercial lines are continuing to see rate increases after five consecutive years of double-digit premium growth, but with some moderation in parts of the market, Finity says...
19 June 2023
More than 180 mitigation projects from across the country have qualified for the Federal Government’s first funding round from the $1 billion five-year Disaster Ready Fund...
19 June 2023
The Bureau of Meteorology says there’s three times the normal chance of an El Nino developing this year, while drier than usual conditions associated with rising bushfire risk are already expected to persist over the next few months...
19 June 2023
Australia has moved up one place in this year’s FM Global Resilience Index, which has also highlighted the country’s challenges in dealing with climate risk exposure...
19 June 2023
Providers of IT services are advised not to rely on contractual limitation of liability clauses and to take out standalone cyber cover...
19 June 2023
A panel session at this year’s World Insurance Congress in Australia will discuss how government-funded parametric insurance could assist recovery after natural disasters...
05 June 2023
Governments and other stakeholders need to accept that there is no “silver bullet” to solve insurance affordability issues and get on with the hard work of reducing the risk, Insurance Council of Australia CEO Andrew Hall says...
05 June 2023
Australia’s winter bushfire risk is mostly at normal levels, but the impact of fuel loads, regrowth and expected drier weather will be monitored ahead of southern region fire seasons, a national outlook says...
05 June 2023
Increasing electric vehicle sales could have implications for strata insurance as building infrastructure needs to be upgraded and risks become better understood, an industry report says...
05 June 2023
New Zealand’s Toka Tu Ake EQC has increased its reinsurance cover to a record level and entered the catastrophe bond market for the first time as it diversifies its portfolio and takes on increased risk with the recent doubling of its cap for housing claims...
05 June 2023
A partnership between Suncorp and the Foundation for Rural & Regional Renewal will offer $300,000 in initiatives for rural Victorian communities affected by flooding and storms in the past year...
05 June 2023
IAG subsidiary NRMA Insurance has cautioned policyholders to be aware of fire risks this winter, with new data showing a 15% rise in house fire incidents compared to the previous season...
05 June 2023
Gallagher Bassett has appointed Christchurch-based Kelly Spratt to the role of National Supply Chain Manager...
29 May 2023
A hailstorm that hit the Hunter and Central Coast regions of NSW on Friday has been declared a significant event by the Insurance Council of Australia...
29 May 2023
General insurers face significant challenges in the months ahead, especially when it comes to inflation and unpredictable weather, despite returning better earnings in the year to March, according to the industry and analysts...
29 May 2023
Medical insurer MDA National will introduce a professional indemnity policy exclusion from July related to gender transition assessments for patients under the age of 18...
29 May 2023
New Zealand property buyers who discovered their Canterbury homes needed additional unexpected earthquake-related repairs above a Toka Tu Ake EQC statutory cover cap have been given until September to formally opt in to a class action...
29 May 2023
Claims inflation has emerged as a key challenge for insurers in building defects proceedings commenced by owners’ corporations, law firm Clyde & Co says in a market insight update...
29 May 2023
Insurers in Australia and the Asia Pacific could withstand an additional fall of 10% in regional equity markets without affecting credit rating, according to an S&P Global Ratings stress test...
29 May 2023
Premium rates are expected to continue increasing, particularly for property classes that have been affected by extreme weather-related losses, Fitch Ratings says in an Asia Pacific report...