19 February 2024
About 8% of New Zealand homeowners have let their house insurance policies lapse due to high costs, while 18% with contents cover did not renew or cancelled it, a survey by Consumer NZ has found...
19 February 2024
Toka Tu Ake EQC says engineering guidance to help design new buildings in New Zealand is a “culmination of decades of natural hazard research” funded by the organisation...
12 February 2024
Allianz Australia is reviewing whether it should keep offering flood choice for new customers while supporting existing policyholders under the current model, MD Richard Feledy has told the parliamentary inquiry into insurers’ responses to the 2022 catastrophes...
12 February 2024
Commercial insurance prices in the Australia-dominated Pacific market were flat in the December quarter, extending last year’s slowdown...
12 February 2024
Home and motor insurance costs soared last year, vastly outpacing the 4.1% annual rise in the Consumer Price Index, Australian Bureau of Statistics data shows...
12 February 2024
Strata properties in northern Queensland are continuing to face issues gaining insurance as underwriters say the Cyclone Reinsurance Pool is focused on price reduction rather than addressing underlying risks...
12 February 2024
The Insurance Council of Australia says Kate Lyons, most recently QBE group head of sustainability, has joined as Chief Information Officer for the next 12 months...
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...