05 December 2022
Large areas of NSW, particularly in the west, face above normal fire potential this summer due to prolific grass growth, and even flood-ravaged areas will have to be on high alert for bushfire by February...
05 December 2022
Toka Tu Ake EQC has announced it will fund a new research project exploring potential solutions to reduce embodied carbon within seismically resilient housing. ..
28 November 2022
General insurers more than tripled their combined underwriting earnings to $6.1 billion for the year to September 30 but suffered investment losses of $3 billion, causing industry-wide net profit to decline 0.8% to $960 million, latest prudential data shows...
28 November 2022
Northern Australia cyclone reinsurance pool complexities are preventing insurers joining more quickly, insurers have told a federal parliamentary committee inquiry...
28 November 2022
More than half of brokers provide clients with information about fees and the majority have established “widespread good practice” that facilitates a culture of compliance and ensure good customer outcomes, according to the Insurance Brokers Code Compliance Committee...
28 November 2022
Business NSW has started looking for potential options for its members who are struggling to afford or secure insurance coverage...
28 November 2022
Summer is to be wet in the east and dry in the west, with the Bureau of Meteorology forecasting significant rainfall along coastal NSW, most of Victoria, large areas of Queensland and northern and eastern Tasmania...
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...