23 October 2023
Increasing bushfire risks are raising the potential for policyholders to become underinsured, while also elevating concerns about affordability and availability of cover, a UNSW insurance expert says...
23 October 2023
Business insolvencies in Australia are set to rise 29% this year and 5% in 2024 as excess cash dwindles, leaving vulnerable companies “caught between a rock and a hard place,” Allianz Trade says...
23 October 2023
Tropical Cyclone Lola was today intensifying after it was named by the Fiji Meteorological Service ahead of the start to the southern hemisphere season...
23 October 2023
The Insurance Council of Australia will host a second consultation event in Adelaide for policyholders affected by last year’s River Murray flood...
16 October 2023
The insurance industry is crucial in taking the pressure off the public purse when disasters strike and needs to play a larger role in shaping the agenda for the country’s future, Insurance Council of Australia President Nick Hawkins says...
16 October 2023
A long-running feud over more than 1500 burst pipes in newly constructed WA homes may be potentially costly for insurers, depending on how the dispute plays out...
16 October 2023
New research from the University of NSW has revealed that the number of “hail-prone” days for heavily populated areas in NSW and WA has increased by as much as 40%...
16 October 2023
Our annual wellbeing survey gives an insight into how insurance professionals are coping – and chief among their concerns is burnout. The October/November issue of Insurance News magazine presents the survey results in detail, and makes for captivating, if confronting, reading...
16 October 2023
Extreme weather and increasing liability risk are causing premiums to rise to unaffordable levels for camp venue operators, and the Insurance Council of Australia is working with stakeholders on ways to ease the crunch...
16 October 2023
The Bureau of Meteorology's latest Climate Driver Update says the El Nino and positive Indian Ocean Dipole have strengthened since its last update...
16 October 2023
Transport, shipping and logistics insurer NTI says now is the time for business owners to prepare for risks associated with the onset of El Nino and positive Indian Ocean Dipole...
09 October 2023
More consumers are considering switching household insurance policies as cost-of living pressures put pressure on budgets, Roy Morgan survey data shows...
09 October 2023
Consumer affairs expert and economist Allan Fels says “serious consideration” should be given to a mandatory personal lines comparison website to increase competition...
09 October 2023
This coming cyclone season is likely to produce a “below average” number of storms because of the El Nino impact, the Bureau of Meteorology has predicted...
09 October 2023
A NSW motorist who has been receiving payments after he crashed his vehicle while trying to avoid deer, leaving him with catastrophic injuries, has failed to prove he has a case for extending the compensation beyond the mandated 104-week period...
02 October 2023
Brokers and other intermediaries placed about $18.49 billion in premium with general insurers in the first six months of the year, according to an Australian Prudential Regulation Authority bi-annual update...
02 October 2023
Allianz claims data shows a 46% increase in workers’ compensation volume since pre-covid, while the cost of claims jumped 36%...
02 October 2023
Insurance Council of New Zealand, Te Kahui Inihua o Aotearoa CEO Tim Grafton has announced he will leave following next year’s Annual General Meeting in April...
02 October 2023
Underwriter Liberty Specialty Markets has created a parametric solution for a tomato grower to protect a glasshouse worth $4 million from wind damage...
02 October 2023
The financial services sector in the Asia Pacific is one of the most cyber attacked sectors in the world, and Australia, Singapore and Japan are the top three most targeted countries – together accounting for more than three-quarters of all web application and API incidents...