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Flood claimants question 'like-for-like' replacements

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...

Floods 'severity' adds to rate pressure: S&P

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...

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...

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...