13 February 2023
The Bureau of Meteorology says Australia experienced “warmer and wetter” conditions last year as a flood-inducing La Nina held sway, particularly in parts of eastern states, while warmer conditions were felt across northern Australia and the west coast...
06 February 2023
Australia’s commercial insurance market continues to moderate, rising 5% in the December quarter, similar to the previous three-month period, according to Marsh’s latest pricing monitor...
06 February 2023
A long run of major rainstorms striking outside New Zealand’s major cities was a “matter of luck,” and came to an abrupt end when Auckland’s 1.66 million residents were inundated in the nation’s worst-ever weather event...
06 February 2023
The flood-inducing La Nina weather system is continuing to ease in the tropical Pacific, but the threat of increased rainfall remains...
06 February 2023
The Victorian Building Authority says it will take on findings from a new study highlighting ways to reduce water and indoor mould damage risk...
06 February 2023
The Insurance Council of Australia has announced it will join insurers to host in-person panels in South-East Queensland and NSW communities as it observes the anniversary of last year’s historic flooding...
30 January 2023
Welcome back to Insurance News for 2023. The return of our Monday bulletin marks the resumption of our regular insuranceNEWS.com.au services...
30 January 2023
Extreme flooding in New Zealand’s North Island over the weekend will be the largest ever weather-related claims event for Auckland – and likely for the whole of New Zealand, the Insurance Council of New Zealand tells insuranceNEWS.com.au...
30 January 2023
Insurance industry employees will retain the ability to work from home some days of the week, long after the covid-19 pandemic has faded from view, sources say...
30 January 2023
Extreme spring rainfall that caused flooding in parts of the country has driven the seasonal Australian Actuaries Climate Index to its third highest value...
30 January 2023
Respondents in Australia and globally have ranked the current cost of living crisis as the top risk in terms of likely severity for the next two years, according to the World Economic Forum’s latest report...
12 December 2022
Strata insurance remuneration involving commission and fee combinations that are unclear to property owners should be phased out in favour of clearer alternatives, consultant John Trowbridge says in a report released as part of an inquiry into the sector...
12 December 2022
Four business interruption class actions will return to the Federal Court next year, after a preliminary hearing was held last week...
12 December 2022
QBE Group CEO Andrew Horton has been in position for more than a year, so Insurance News magazine caught up with him for an in-depth interview...
12 December 2022
Insurers have supported measures that would reduce fire dangers linked to lithium-ion batteries as a review by the Australian Competition and Consumer Commission gets underway...
12 December 2022
AMI Insurance predicts claims in New Zealand will soar ahead of an active festive and new year period...
05 December 2022
Breaches relating to pricing lapses and claims handling have emerged as key concerns as the General Insurance Code Governance Committee (CGC) released today a paper seeking feedback on ways to improve better compliance...
05 December 2022
The Insurance Council of Australia says the February-March floods, which hit Queensland and NSW, are Australia’s most expensive natural disaster. ..
05 December 2022
The Australian Consumers Insurance Lobby has pressed Allianz to speed up the transition of its residential strata portfolio into the cyclone reinsurance pool, as “serious market failures” have left consumers in the north struggling to find cover...
05 December 2022
Price pressures are set to dominate upcoming renewal talks as reinsurers try to tackle inflation and its long-term impact on claims, according to Berkley Re Asia Pacific CEO Glenn Riddell...