Travel alert as flight cancellation rates climb
12 May 2025
RACV has urged travellers to be mindful of their insurance coverage after new data showed the number of flight cancellations has grown to exceed historical averages...
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Industry calls for ‘future focus’ after Labor landslide
05 May 2025
Insurers and brokers are targeting a constructive relationship with the federal government after Prime Minister Anthony Albanese led Labor to an emphatic victory in Saturday’s election...
Federal Court to hear gym’s covid BI case
05 May 2025
A covid-related business interruption dispute between a Victorian fitness centre and Hollard is scheduled for a Federal Court trial on June 10-11...
IBANZ hails departing CEO
05 May 2025
Insurance Brokers Association of New Zealand CEO Mel Gorham will step down next month after five years in the role...
Broker code committee urges tougher time frames on claims, renewals
05 May 2025
The Insurance Brokers Code Compliance Committee has recommended improvements around transparency, clarity and breach reporting in its submission to the ongoing code review...
Suncorp runs numbers on ‘shocking’ flexi-hose threat
05 May 2025
Flexi-hoses represent a “ticking time bomb under the sink” and homeowners must step up their maintenance routines or face huge damage costs, Suncorp says...
RAA says claims data makes case for accident cover
05 May 2025
Accidental damage has accounted for 35% of the 14,000 home insurance claims made with SA insurer RAA this financial year, new data reveals...
NZ combined ratio improves during ‘year of recovery’
05 May 2025
Benign weather sent the New Zealand insurance industry’s average combined operating ratio to a record low of 78.56% last year...
ICA meeting to aid Hervey Bay cyclone victims
05 May 2025
The Insurance Council of Australia will host a meeting in Hervey Bay to help customers recovering from Ex-Tropical Cyclone Alfred...
Pacific property rates decline 9% in quarter: Marsh
28 April 2025
Commercial property rates in the Australia-dominated Pacific region declined 9%, as a slide continued to gather pace, the latest Marsh Global Insurance Market Index shows...
Alfred 'worst cyclone since Tracy'
28 April 2025
Catastrophe data specialist Perils says Alfred is the largest cyclone loss event since Tracy hit Darwin in 1974, as insured losses pass $2.56 billion...
Reviews, disaster responses dent ICA result
28 April 2025
The Insurance Council of Australia recorded an operating loss of $1.94 million last year as responses to reviews and late 2023 catastrophes added to expenses...
Opportunity for ACT to act on insurance access: ICA
28 April 2025
The Insurance Council of Australia has outlined “immediate actions” the ACT government can take to help address rising insurance costs, particularly for small businesses and not-for-profit organisations...
NZ severe storms added to Perils database
28 April 2025
Catastrophe data specialist Perils has added severe convective storms in New Zealand, Japan and Europe to its industry exposure database...
Errol crosses WA coastline as tropical low
28 April 2025
Cyclone Errol, which reached category 4 strength before Easter, crossed the WA Kimberley coastline as a tropical low in a sparsely populated region...
One in three Kiwis changed insurers in last five years: ICNZ
28 April 2025
An Insurance Council of New Zealand survey has revealed that 20% of residents switched insurers in the past two years...
Automotive group suggests smash repair code improvements
28 April 2025
The Federal Chamber of Automotive Industries has delivered a list of recommendations as part of its response to the proposed review of the Motor Vehicle Insurance and Repair Industry Code of Conduct...
Labor home loan plan threatens to kill off LMI market: ICA
14 April 2025
A Labor election pledge to guarantee low-deposit loans for all first home buyers could make the lenders’ mortgage insurance market unviable and expose taxpayers to billions of dollars in losses in a housing downturn, the Insurance Council of Australia warns...
Home maintenance checks ‘off the agenda’
14 April 2025
Allianz says 84% of Australian homeowners do not perform home maintenance checks often enough, even as damage from burst pipes cost $864 million in the past two years...
‘X-ray for the earth’ to unlock supervolcano secrets
14 April 2025
Researchers are using radar technology to examine the seismic history of New Zealand’s only “supervolcano”...