ICA reschedules north Queensland flood forum
17 March 2025
The Insurance Council of Australia will hold its rescheduled town hall meeting for flood-hit north Queenslanders on Thursday...
Local
Claims near 9000 as industry, communities mop up after Alfred
10 March 2025
The industry has received almost 9000 claims and the figure is expected to rise in the coming days as insurers’ disaster recovery teams move in to support customers after Cyclone Alfred pounded southeast Queensland and northern NSW over the weekend...
Policyholders face ‘impossible choice’ over home and contents affordability
10 March 2025
The Australia Institute warns that more than 1.4 million households face serious economic risk after new data reveals nearly one in five homes are underinsured or uninsured...
SME Index points to drop in client satisfaction with brokers
10 March 2025
Vero’s 14th SME Insurance Index shows client satisfaction with brokers has dropped to 69%, from a record high of 87% a year earlier...
Consultations open on updated smash repair code
10 March 2025
Stakeholder feedback is being sought on changes to the revised Motor Vehicle Insurance and Repair Industry Code of Conduct...
Live music inquiry backs potential mutual
10 March 2025
A parliamentary inquiry into live music has called on the federal government to examine the viability of a self-insurance or mutual model to help reduce premium costs for event organisers...
‘More work to do’: NZ regulator outlines expectations
10 March 2025
Reserve Bank of New Zealand deputy governor Christian Hawkesby says the insurance industry is a “key pillar” of the financial system as he outlines the regulator’s expectations of insurers...
‘Take responsibility’: consumer group wants $250 million insurer fund
10 March 2025
Insurers should stump up $250 million a year to support disaster risk mitigation and affordability and availability of cover, the Australian Consumers Insurance Lobby says...
Warning as cyclone tipped to head for southeast Queensland
03 March 2025
Tropical Cyclone Alfred is expected to make a sharp westward turn towards southern Queensland tomorrow and could cross the densely populated region’s coastline as early as Thursday, the Bureau of Meteorology says...
$30 billion flood fund tops ICA’s election wish list
03 March 2025
The Insurance Council of Australia has released its federal election platform, flagging 16 ways the next government could act to bring down premiums...
Householders segment maintains positive run
03 March 2025
The householders class of general insurance secured a third straight period of positive results in the December quarter, according to Australian Prudential Regulation Authority data...
Long way to go on disaster responses: consumer group
03 March 2025
Insurers still have plenty of work to do improving claim handling, which raises concerns over implications for the next major catastrophe, the Consumer Action Law Centre says...
Australia first for education in resilience rankings
03 March 2025
Australia has ranked No.1 for education for the first time in FM Global’s annual resilience index, which scores 130 countries and regions across 18 measures...
Hazards commission hails year of progress on NZ risk reduction
03 March 2025
New Zealand’s Natural Hazards Commission says more than $NZ10 million ($9 million) was invested last year in research, advocacy and public education, including the launch of Design Resilience NZ...
Kiwis want government to lead on climate risk: ICNZ
03 March 2025
Almost half of all New Zealanders want more government investment in climate resilience, a new survey has found...
Progress made but more work needed on disaster responses: Deloitte
24 February 2025
Insurers have made mixed progress acting on Deloitte’s recommendations to improve catastrophe responses, with more work required in several areas, an update report released today says...
Cyclone intensifies east of Queensland
24 February 2025
Cyclone Alfred has formed in the northern Coral Sea and could track towards the Queensland coast next weekend, the Bureau of Meteorology says...
Coverage gap poses credit loss threat, banks warned
24 February 2025
Soaring home and contents insurance premiums are a “blind spot” for banks, exposing mortgage lenders to hundreds of millions of dollars in risk, S&P Global Ratings says...
Insurer ordered to restore policy after cancellation mix-up
24 February 2025
IAG has been told to reinstate a disability pensioner’s vehicle policy after it sent a cancellation notice by post and not email...
‘Not helpful’: brokers rail against Dutton’s divestment warning
24 February 2025
Brokers have continued to criticise Opposition Leader Peter Dutton’s threat to break up large insurance companies to increase competition and bring premiums down...