08 May 2023
Researchers who polled more than 600 victims of last year’s record floods say insurers need to issue consistent factsheets across Australia on correct claims procedures, and say victims felt frustrated by a lack of choice when arranging repairs through their insurers.
08 May 2023
IAG received 41,596 weather claims in New Zealand during September-February – five times more than the 8293 received in the same period a year earlier.
01 May 2023
Pacific commercial prices rose at a faster pace in the first quarter, with catastrophe property risk the driver in a broadly moderating market, a Marsh report shows...
01 May 2023
Losses from Tropical Cyclone Ilsa could have reached into the billions of dollars if the system had taken a different path, highlighting the sensitivity of damage impacts to the exact track of severe storms, Risk Frontiers says...
01 May 2023
Addressing insurance availability and affordability is one of twelve priorities that the Insurance Council of Australia has highlighted for the year ahead...
01 May 2023
The NSW Rural Fire Service has declared the end of the state’s bushfire season...
01 May 2023
The Insurance Council of Australia has announced that it will host a community information session in Adelaide for communities affected by last summer’s River Murray floods...
01 May 2023
Sydney-based insurtech BizCover has urged small business owners to revisit their policies amid coverage gap concerns due to inflationary pressures and increased building costs...
24 April 2023
Deloitte will review the insurance industry’s response to record floods that struck Queensland and NSW early last year...
24 April 2023
The Victorian Building Authority is investigating Porter Davis Homes for potential breaches of the law after the collapsed construction firm failed to take out Domestic Building Insurance (DBI) for 560 families it accepted deposits from, breaching its obligations...
24 April 2023
Wrapping thin concrete walls with carbon-fibre straps can inexpensively “earthquake-proof” older high-rise buildings to a standard well beyond today’s building code, Toka Tū Ake EQC says...
24 April 2023
Economic and cyber risks are causing increasing concern for directors and officers worldwide, according to a Directors Liability 2023 survey from WTW and law firm Clyde & Co...
24 April 2023
Māori construction techniques can withstand major earthquakes and will be deployed in the rebuilding of an historic Bay of Plenty wharenui, or communal house, Toka Tū Ake EQC says...
17 April 2023
Tropical Cyclone Ilsa, which made landfall around 120km northeast of WA’s Port Hedland on Thursday as a Category 5, set a new wind speed record while missing major population centres and infrastructure...
17 April 2023
Insurance providers breached the General Insurance Code of Practice a record 58,104 times in the 12 months to June 30 2022 – up 40% on the previous year...
17 April 2023
Underwriting agencies take centre stage in the latest edition of Insurance News magazine, as their influence in the local market continues to grow...
17 April 2023
New data has shown a rise in Australians intending to purchase travel policies for domestic trips as the industry expects delays and disruptions to continue to affect flights throughout the year...
17 April 2023
Toka Tu Ake EQC has heralded the return of its 2020 Fullbright Scholarship recipient, Jesse Kearse, after collecting a “treasure trove of earthquake data,” from research in the US...
03 April 2023
Community support is vital for any planned relocation of homes at high risk of natural catastrophe damage, and there is no one-size-fits-all approach, a new IAG report says...
03 April 2023
Consultancy KPMG says general insurance pricing conditions will harden further this year, predicting rates will increase by at least 10% as general insurers respond to last year’s flood catastrophes and other natural disasters...