31 October 2022
The High Court of Australia rejected policyholder applications seeking leave to appeal in the second covid business interruption test case after deciding that the chances of success were “insufficient”...
31 October 2022
The latest Australian Actuaries Climate Index reflects record winter rainfall in parts of the country and backs a growing focus on mitigation efforts to reduce the fallout from extreme weather...
31 October 2022
Australia commercial rates at renewal rose at a slower pace in the September quarter – by 5% following a 7% increase in the prior three-month period, Marsh’s latest Global Insurance Market Index shows...
31 October 2022
Strata Community Association has placed building defect issues on the political agenda ahead of the Victorian state election next month...
31 October 2022
A new report from Amazon Web Services and Deloitte has revealed insurance companies rank among the highest achievers on its data maturity scale...
24 October 2022
Flood-related events have generated more than 569,000 insurance claims valued at $8.8 billion since drought broke in February 2020, the Insurance Council of Australia says...
24 October 2022
Seven in ten businesses experienced a ransomware attack in the past five years, a McGrathNicol survey of over 500 owners and executives at Australian businesses with 50 or more employees has found...
24 October 2022
The cost of securing cyber insurance won’t be fixed by new entrants and more capacity, cyber specialist CFC says, as recent tougher terms are a truer reflection of the real risk exposure...
24 October 2022
Brisbane home prices continued to outperform most capital cities this year, though Perth is expected to take over as top performer as the Australian housing market corrects, driven by rising interest rates to limit inflation, the latest QBE Housing Outlook says...
24 October 2022
The Actuaries Insitute says it remains focused on providing insight on future trends as it reflects on its 125th anniversary...
17 October 2022
The High Court of Australia has declined four appeal applications related to business interruption cover during the pandemic after hearing brief legal presentations on Friday...
17 October 2022
Recent flooding across three south-eastern states has been declared a “significant event” by the Insurance Council of Australia...
17 October 2022
Specialisation is likely to become more important as brokers work with clients to manage and minimise risks, particularly in challenging areas, National Insurance Brokers Association President Dianne Phelan says...
17 October 2022
The insurance industry is being battered by natural catastrophes, inflation and a tight economy, so Insurance News magazine this month takes a long and detailed look at how reinsurers, insurers and brokers are faring. We also have Taylor Fry’s annual examination of the industry class by class...
17 October 2022
10 October 2022
Australia is at heightened risk of an above-average number of tropical cyclones until May, and also that they will develop earlier than usual...
10 October 2022
The Insurance Council of Australia says other flood mitigation options will offer better long-term protection in the Hawkesbury-Nepean Valley than raising the Warragamba Dam wall by 14 metres, after the NSW Government elevated the proposed extension to “critical” status...
10 October 2022
Businesses are increasingly looking at current and future climate change impacts on their operations and are seeking advice and assistance from the insurance industry, global broker Aon says...
10 October 2022
Any class action taken against Optus over the data breach exposing customers to identity theft is likely to succeed and could result in billions in compensation being awarded, to be Australia’s largest and most costly case, University of Newcastle law academics say...
10 October 2022
Brokers that are not reporting any code of practice breaches are set to face scrutiny from the compliance committee due to concerns that issues are flying under the radar...