27 March 2023
JLT’s victory in a NSW Supreme Court class action brought by a group of local governments will not be appealed by the councils, with the deadline for lodging documents ending last week...
27 March 2023
A panel discussion hosted by Suncorp and public policy group The McKell Institute says cooperation between insurers and governments remains “imperative” to ensure that Queensland is “fully risk-ready” for future natural disasters...
27 March 2023
Preliminary estimates indicate Cyclone Gabrielle has caused insured losses of around $NZ890 million, the Insurance Council of New Zealand says...
27 March 2023
Tropical Cyclone Freddy, which formed off the coast of WA on February 6 and killed 435 and caused widespread destruction in Madagascar, Mozambique and Malawi, has set a number of new records, Risk Frontiers says...
27 March 2023
Disaster Legal Help Victoria is holding an online session on Wednesday to provide information for people with insurance issues arising from last year’s flooding...
20 March 2023
The Federal Court has scheduled a two-day hearing for July to decide whether four business interruption class actions filed by two legal firms should instead proceed as individual claims, as sought by insurers...
20 March 2023
Swiss catastrophe data firm Perils has estimated the Auckland flood catastrophe has so far led to insured losses of about $NZ1.65 billion...
20 March 2023
The Australian Financial Complaints Authority says claim-handling delays were the major cause of general insurance complaints last year, and the issue extended beyond disputes arising from flooding and other catastrophes...
20 March 2023
An El Nino event, typically associated with heatwaves and bushfires in eastern Australia, could form later this year following the end to climate driver influences that have recently brought wet weather and flooding...
20 March 2023
The Insurance Council of New Zealand says a global report highlighting protection gaps for cyber risks and natural disasters is particularly relevant locally...
13 March 2023
Broker satisfaction levels remain high and there may be a shift toward seeking the advice of intermediaries amid difficult economic conditions, the latest Vero SME Insurance Index shows...
13 March 2023
Severe blazes have raged across Australia’s east coast in what has been described as the worst fires since the 2019/20 “Black Summer”...
13 March 2023
Workers’ compensation claims for e-scooter crashes have more than tripled in three years, with almost 16 claims made on average every month in 2022, up from less than five in 2019, research funded by RACQ has found...
13 March 2023
New Zealand’s property and casualty insurers face “materially lower” earnings, with profitability to dip substantially in the face of record weather-event claims, inflationary pressures and ballooning reinsurance charges, S&P Global Ratings says...
13 March 2023
The Insurance Council of Australia has announced in-person panels for NSW’s Central-West communities as the region continues to navigate through flood-related claims...
06 March 2023
Across-the-board premium rises drove the industry to a 69.4% rise in underwriting profit to $6.8 billion for the year to December, latest Australian Prudential Regulation Authority data shows...
06 March 2023
The Australian Financial Complaints Authority has awarded $12.9 million in compensation and refunds from insurers to policyholders affected by record floods that struck NSW and Queensland a year ago...
06 March 2023
Insurers have received 47,936 claims from policyholders in New Zealand impacted by record flooding in Auckland and surrounds, with insured losses of more than $NZ1 billion, says the Insurance Council of New Zealand...
06 March 2023
Coming months are likely to be drier than usual across most of Australia, with warmer than usual daytime temperatures...
06 March 2023
New Zealanders must accept managed retreat from some parts of the country to keep residents safe – and insured – as climate change increases the severity and frequency of natural catastrophes, Tower Chairman Michael Stiassny says...