SCA puts building defects reform on Victoria election agenda
31 October 2022
Strata Community Association has placed building defect issues on the political agenda ahead of the Victorian state election next month...
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Insurers among strongest data performers
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...
Flood claims near $9 billion since drought broke: ICA
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...
Majority of mid-to-large firms suffer ransomware attack
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...
Hard cyber terms 'exactly match' new threat landscape: CFC
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...
Brisbane house prices outperform despite floods: QBE
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...
Actuaries Institute celebrates 125th anniversary
24 October 2022
The Actuaries Insitute says it remains focused on providing insight on future trends as it reflects on its 125th anniversary...
High Court rejects test case, The Star BI appeal applications
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...
ICA declares latest floods a 'significant event'
17 October 2022
Recent flooding across three south-eastern states has been declared a “significant event” by the Insurance Council of Australia...
Specialisation to become more important: NIBA President
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...
In the October-November edition of Insurance News magazine
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...
New Zealand's 2022 insured weather loss nears $300 million
17 October 2022
'Prepare early': BOM expects more cyclones than usual
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...
Warragamba Dam raising: consider flood mitigation alternatives, ICA urges
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...
Demand for climate advice rising as clients look ahead
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...
Optus could be Australia's biggest lawsuit, worth billions
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...
Brokers not reporting code breaches set for more scrutiny
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...
AMI data reveals young drivers most at risk of accident
10 October 2022
IAG-subsidiary AMI says New Zealand drivers under the age of 25 are 26% more likely to have an accident when compared to other drivers...
EQC-backed project tackles Southland 'knowledge gap'
10 October 2022
Researchers from the University of Otago have set up a network of seismometers in Southland that they say will fill a “seismic blind-spot” to uncover hidden fault lines in the region...
High Court sets hearing date for BI test case application
03 October 2022
The High Court of Australia will hear arguments mid-month around allowing further appeals on the covid-related business interruption test case...