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Industry presses resilience message as Labor prepares to govern

23 May 2022

Insurers and brokers have responded to the outcome of Saturday’s federal election, saying they are ready to work with Prime Minister Anthony Albanese on the many pressing challenges facing the country, including disaster resilience and cyber threats...

Amusement parks group vows to push on with mutual plan

16 May 2022

The Australian Amusement, Leisure and Recreation Association has pledged to push on with its proposed discretionary mutual fund to address the insurance crisis facing its members, despite a Federal Government decision not to back it...

Climate, class actions, regulation top concerns

16 May 2022

Climate change and class actions if left unchecked could be a major contributor to rising insurance costs and are key issues on the Australian risk radar, along with the pace of regulatory change, a Global Insurance Law Connect report says...

Auckland-region flood claims top $70 million

16 May 2022

Torrential rain, thunderstorms and flash flooding across Auckland and much of New Zealand’s North Island in March has led to 7647 claims so far worth an estimated $NZ79.61 million, Insurance Council of New Zealand says...

Rising flood dangers require planning rethink: ICA

09 May 2022

The consequences of flooding and not just the probability needs to be taken into account as climate change and expanding urban populations bring increasing risks, a report released by the Insurance Council of Australia says...

NSW flooding speed, ultimate height surprises residents

09 May 2022

A Risk Frontiers research trip to northern NSW flood-hit regions has found that “without exception” residents in all areas visited expressed alarm at the speed with which water levels rose and surprise at the ultimate height they reached...

Australia commercial rates continue to ease: Marsh

02 May 2022

Commercial rates in the Pacific market – in which Australia makes up 80% of business – have risen slower than global levels for the first time in more than four years, according to Marsh’s latest price monitor for the March quarter...