28 November 2022
Fire and Rescue NSW has warned shoppers of the danger of Christmas gifts powered by lithium-ion batteries such as e-bikes, e-scooters, laptops or power tools, saying it has responded to 180 such fires since January, up from around 16 last year...
21 November 2022
Quality of Advice Reviewer Michelle Levy says she understands why consumer groups hate general insurance commissions – but that she cannot see a good reason to ban them...
21 November 2022
Financial assistance has been made available to another five NSW local government areas affected by ongoing severe floods as more towns have been advised to evacuate...
21 November 2022
More than half of CFOs globally, including those in Australia, have changed their risk management approach under pressure from the “velocity” of evolving threats confronting them, research by insurance broker Lockton has found...
21 November 2022
The Insurance Council of Australia and insurers will host in-person panels for flood-affected customers in Brisbane and nearby communities...
21 November 2022
The Federal Court has scheduled a case management hearing for class actions triggered by covid-related business interruption disputes...
14 November 2022
The Sydney region is at increasing risk of damage from flash flooding as a result of increasingly intense short rainfall bursts, climate researchers have warned...
14 November 2022
Customer wellbeing was a central theme at the Insurance Council of New Zealand annual conference last week as the event examined rising pressures from climate change and issues around cyber protection gaps...
14 November 2022
Reinsurers continue to show “strong support and confidence” in New Zealand’s natural hazards insurance scheme amid a challenging global market, Toka Tu Ake EQC CEO Tina Mitchell says following meetings in Europe and the UK that have set the scene for the next annual renewal...
14 November 2022
Insurers are being urged to ‘ratchet every possible lever” to manage claims costs and speed-up resolution times in the current “price-hiked environment”...
14 November 2022
Queensland-focused insurer Sure Insurance says new policyholder data has shown that many regional Queensland first home buyers have not considered the cost of insurance cover when purchasing residential real estate...
14 November 2022
The Federal Circuit and Family Court has penalised claims management firm Alliance Property Consultancy $19,000 in proceedings lodged by the Fair Work Ombudsman...
07 November 2022
General insurance commissions will remain under a Quality of Advice Review recommendation but brokers providing personal advice to retail clients will require written consent to be remunerated in this manner...
07 November 2022
The Insurance Council of Australia has released a roadmap for the industry to achieve net zero emissions amid forecasts for worsening natural catastrophe impacts from climate change...
07 November 2022
The level of coverage provided under cyber insurance policies is “a contributing factor” in how ransomware incidents are handled and resolved by victims, and whether a business decides to pay the ransom, the Australian Cyber Security Centre says...
07 November 2022
The Optus data hack and other high profile breaches have cast a cloud over the willingness to share information through the consumer data right as the Government prepares to roll it out more widely, Financial Rights Legal Centre Policy and Advocacy Officer Drew McRae says...
07 November 2022
Finity Climate Practice Leader Rade Musulin says actuaries can “make a significant contribution” at the 27th session of the Conference of the Parties...
07 November 2022
Climate change stress testing carried out by the Reserve Bank of New Zealand – Te Pūtea Matua reveals river and surface water flooding may pose a greater risk to residential mortgages than coastal flooding...
07 November 2022
A new joint survey from the Insurance Council of Australia and Smartraveller has revealed a significant number of Australians are looking to travel – but ICA warns an “alarming high” number are uninformed on key issues...
31 October 2022
Insurance industry investment performance is expected to rebound this year but claims inflation is likely to remain a major challenge for some time, Finity says in its annual Optima report...