05 June 2023
Australia’s winter bushfire risk is mostly at normal levels, but the impact of fuel loads, regrowth and expected drier weather will be monitored ahead of southern region fire seasons, a national outlook says...
05 June 2023
Increasing electric vehicle sales could have implications for strata insurance as building infrastructure needs to be upgraded and risks become better understood, an industry report says...
05 June 2023
New Zealand’s Toka Tu Ake EQC has increased its reinsurance cover to a record level and entered the catastrophe bond market for the first time as it diversifies its portfolio and takes on increased risk with the recent doubling of its cap for housing claims...
05 June 2023
A partnership between Suncorp and the Foundation for Rural & Regional Renewal will offer $300,000 in initiatives for rural Victorian communities affected by flooding and storms in the past year...
05 June 2023
IAG subsidiary NRMA Insurance has cautioned policyholders to be aware of fire risks this winter, with new data showing a 15% rise in house fire incidents compared to the previous season...
05 June 2023
Gallagher Bassett has appointed Christchurch-based Kelly Spratt to the role of National Supply Chain Manager...
29 May 2023
A hailstorm that hit the Hunter and Central Coast regions of NSW on Friday has been declared a significant event by the Insurance Council of Australia...
29 May 2023
General insurers face significant challenges in the months ahead, especially when it comes to inflation and unpredictable weather, despite returning better earnings in the year to March, according to the industry and analysts...
29 May 2023
Medical insurer MDA National will introduce a professional indemnity policy exclusion from July related to gender transition assessments for patients under the age of 18...
29 May 2023
New Zealand property buyers who discovered their Canterbury homes needed additional unexpected earthquake-related repairs above a Toka Tu Ake EQC statutory cover cap have been given until September to formally opt in to a class action...
29 May 2023
Claims inflation has emerged as a key challenge for insurers in building defects proceedings commenced by owners’ corporations, law firm Clyde & Co says in a market insight update...
29 May 2023
Insurers in Australia and the Asia Pacific could withstand an additional fall of 10% in regional equity markets without affecting credit rating, according to an S&P Global Ratings stress test...
29 May 2023
Premium rates are expected to continue increasing, particularly for property classes that have been affected by extreme weather-related losses, Fitch Ratings says in an Asia Pacific report...
22 May 2023
Rural brokers are alarmed after CGU confirmed it will cut commission on its crop product from 20% to zero from July 1...
22 May 2023
Argis is yet to secure a new underwriter for its Farm Extra Insurance product after a five-year arrangement with HDI Global Specialty came to an end last month...
22 May 2023
The Insurance Council of Australia (ICA) has urged the Federal Government to act quickly on fixing the “patchwork” of policies, laws and frameworks that are hobbling the country’s cyber deterrence...
22 May 2023
Addressing capacity constraints and transparency are top priorities to improve the situation in the strata insurance market, consultant John Trowbridge says in the final report delivered as part of a three-phase review...
22 May 2023
The Insurance Council of Australia says two executives appointed to its board at last week’s annual general meeting will bring extensive experience at a pivotal time...
22 May 2023
Gallagher Bassett was able to mobilise its global taskforce to help support insurers battle unprecedented claims volumes in New Zealand after two catastrophic weather events this year...
22 May 2023
A feature article in the April/May edition of Insurance News magazine quoted Finity Travel Insurance Practice Leader Danielle Casamento as saying premiums for international travel insurance had increased by more than 5% on average compared to pre-pandemic levels...