Victorian earthquake responsible for third-most AFCA complaints
27 June 2022
The Australian Financial Complaints Authority says last year’s Victorian earthquake generated the third-highest number of insurance complaints in the past 12 months...
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RACQ reveals flood-related settlement figures
27 June 2022
RACQ Insurance says it has settled 90% of motor claims relating to severe floods that impacted Queensland earlier in the year...
In Insurance News magazine this month
27 June 2022
The June/July issue of Insurance News magazine is out now, featuring must-read articles and interviews on some of our industry’s most important issues...
Landlords, brokers warned to be clear on meth cover
27 June 2022
New Zealand’s Financial Services Complaints Limited advises landlords and insurance brokers to ensure that policies cover all risks appropriately, as complaints about methamphetamine damage rise...
Insurers fail to implement 'public-facing' code obligations on time
20 June 2022
A review of public-facing obligations included in the latest version of the General Insurance Code of Practice found only 29% of insurers surveyed complied with all five requirements by the deadline...
Consumers facing long wait for cyclone pool savings
20 June 2022
Consumers may face an extended wait before seeing premium benefits from the introduction of the northern Australia cyclone reinsurance pool, a lobby group has warned...
SCA calls for continued efforts to address cladding dangers
20 June 2022
Property advocacy group Strata Community Association has praised efforts by state governments on plans to remove combustible cladding but says more work is needed to ensure safe building conditions nationwide...
EQC's reinsurance fund receives record boost
20 June 2022
New Zealand’s Earthquake Commission has collated a record high $NZ7.2 billion of reinsurance funding from international providers...
Directors urged to pay heed to growing political risk
20 June 2022
Political risk is on the rise as the pandemic ebbs, making it even more imperative that company directors properly assess the peril and its potential impact on shareholder value, Axa XL says...
Insurers 'well placed to outperform' in current economic climate: asset manager
20 June 2022
Australia’s three listed insurers – IAG, QBE and Suncorp – remain “attractive” investment targets against the backdrop of rising interest rates, energy price spikes and higher inflation, according to Tyndall Asset Management...
Travel insurer publishes cost of covid claims
20 June 2022
Southern Cross Travel Insurance reveals it paid more than $630,690 for covid-related claims between January 1 and May 31...
Almost $1 billion paid to flood claimants so far
06 June 2022
The Insurance Council of Australia says almost $1 billion has been paid to policyholders so far after Queensland and NSW were hit by Australia’s most costly flood event ever earlier this year...
Expert urges transformation of flood defence systems
06 June 2022
A revitalisation of Australia's flood protection systems is required to reduce the impact of increasingly common severe floods, says University of NSW Professor of Civil and Environmental Engineering Ashish Sharma...
Work to be done on hydrogen risk: HDI Global
06 June 2022
Hydrogen offers significant potential to become a cornerstone of greener energy supply, but work is needed on assessing risks and ensuring suitable insurance for production, transport and storage, HDI Global says...
Record dry levels increase fire danger in NT
06 June 2022
The Australasian Fire and Emergency Services Authorities Council says dry conditions in northern parts of Australia will increase bushfire threat in the region in the coming months...
International bushfire conference starts in Melbourne
06 June 2022
The Fire and Climate 2022 Conference takes place in Melbourne from June 6-10...
Floods sink industry earnings in March quarter
30 May 2022
The industry lost $428 million in the March quarter as earnings took a hit from the NSW/Queensland floods, after a $100 million net profit in the previous quarter, the Australian Prudential Regulation Authority says...
Industry premium rises 11.2%: Allianz report
30 May 2022
The Australian general insurance industry performed strongly last year, achieving an 11.2% surge in property and casualty (P&C) premiums to €32.1 billion from 2020, Allianz says in a new report...
Diverse range of perils widens Australian protection gap
30 May 2022
A diverse range of natural disasters last year widened Australia’s protection gap and highlighted areas of underinsurance, while climate change is stepping up the importance of mitigation globally, Aon says...
ICA to host forums for Queensland flood victims
30 May 2022
The Insurance Council of Australia will host in-person forums across Queensland next month for insurance customers affected by the February and March floods...