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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...

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...

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...