25 July 2022
Claims payouts for professional indemnity and public and product liability fell in 2020 from the preceding year, according to Australian Prudential Regulation Authority data released today...
25 July 2022
Mandated reporting of cyber breaches in Australia misses the vast majority of businesses and should be beefed up, as broader compliance-reporting demands would motivate firms to upgrade their security measures and take cyber threats more seriously, an expert says...
18 July 2022
Standard templates that contain a minimum set of eight items should be introduced to improve strata insurance disclosure, with existing practices in many cases opaque or incomplete, an independent report completed by consultant John Trowbridge says...
18 July 2022
Dive In, the global festival for diversity and inclusion in insurance, will be back in September for its eighth year with the theme "Building Braver Cultures,” which calls on the industry to build nurturing and encouraging environments...
18 July 2022
Today Insurance News launches its latest wellness survey, following the success of last year’s inaugural poll...
18 July 2022
The collapse of funeral insurer Youpla, which targeted First Nations communities, has affected a minimum 20,000 people across Australia, the Save Sorry Business Coalition says...
18 July 2022
Regional Queensland specialist, Sure Insurance, says significant numbers of its policyholders have adjusted their home premium payment schemes to accommodate increased cost-of-living pressures...
11 July 2022
The Consumer Action Law Centre has urged brokers to be proactive in reviewing remuneration arrangements, even as implementation of a disclosure part of the new code of practice is delayed by a year...
11 July 2022
Insurers have so far received 10,526 claims with an estimated insurance loss of $122 million related to extreme rain and flooding in NSW this month...
11 July 2022
Climate models monitored by the Bureau of Meteorology are indicating that an Indian Ocean driver of wet weather will form this year, following the end of the recent Pacific Ocean La Nina...
11 July 2022
Insurance claims associated with the May 20 tornado that hit New Zealand’s northern island town of Taitoko Levin have amounted to $NZ 8.1 million, according to early data from the Insurance Council of New Zealand Te Kahui Inihua o Aotearoa...
04 July 2022
Reinsurers have sought significant rate increases at the Australian June and July renewals as the market responds to the high level of local and global natural catastrophes and a changing economic environment, international broking groups say...
04 July 2022
Tens of thousands of NSW residents are under evacuation orders today after 100mm of rain swamped many catchments, sending rivers and dams beyond containment lines – with more wet weather still to come...
04 July 2022
The $10 billion-backed government cyclone reinsurance pool has begun work, but a bitter row has developed about the level of savings it will bring...
04 July 2022
A consumer group says there’s a “big push” from insurers to cash settle building claims from the east coast flood catastrophe, potentially leaving vulnerable victims at risk...
04 July 2022
Complaints against four Aboriginal Community Benefit Fund companies have risen to more than 1000, prompting consumer groups to again push the Federal Government to step in to help affected policyholders...
04 July 2022
The Asbestos Safety and Eradication Agency has launched a new campaign to inform residential property buyers, sellers, tenants and landlords of their rights and responsibilities...
27 June 2022
Victims of this year’s record-breaking floods are increasingly asking insurers to help make their properties more resilient as they rebuild – but policies usually specify like-for-like replacements...
27 June 2022
Sea surface temperatures are currently warmer than average for much of the Australian coastline, a pattern increasing the chance of above average winter-spring rainfall for Australia, the Bureau of Meteorology says...
27 June 2022
Australian gross written premium is expected to grow 7.5% this calendar year, reflecting the impact of the NSW/Queensland floods, past catastrophes and claims inflation facing the industry, according to S&P Global Ratings...