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...
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...
09 May 2022
The Insurance Council of Australia has scheduled six in-person forums in northern NSW to assist policyholders hit by the recent flooding...
09 May 2022
The number of Australian-region tropical cyclones in the season just finished was below the long-term average, the Bureau of Meteorology says...
09 May 2022
New Zealand’s Earthquake Commission has awarded an annual prize to a revolutionary sliding hinge joint innovation that advances lower damage, affordable seismic engineering...
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...
02 May 2022
A Macquarie Bank business sentiment survey has found “remarkable resilience” among brokers and the broader general insurance intermediary sector in the way they have responded to pandemic-related challenges...
02 May 2022
Climate models are suggesting above average winter and spring rainfall is possible this year, with the potential for a waning La Nina to be followed by another wet weather driver...
02 May 2022
Insurers need to find the right balance between digital engagement and a more personal, voice-to-voice customer experience when catastrophes strike, Xceedance Australia Associate VP of Client Solutions Francine Davis says...
02 May 2022
The Bushfire Building Council of Australia has launched FORTIS House, a resilient home building project it has been working on in collaboration with NRMA Insurance and other partners...
26 April 2022
Cyber attack, data loss and cyber extortion have been ranked as the top three risks for directors and officers in Australasia by a significant margin, with regulatory risk coming in at number four, according to the latest Directors’ Liability Survey from Willis Towers Watson and law firm Clyde & Co...
26 April 2022
The Financial Rights Legal Centre has called for regulatory oversight of general insurance claims reporting after a report it commissioned found issues with the data practices of insurers...
26 April 2022
Zurich-based catastrophe data company Perils estimates insured losses from recent flooding in Queensland and NSW at $3.99 billion, taking over Brisbane’s 2011 event to be the largest flood loss on record for the Australian insurance industry...
26 April 2022
The lessons and challenges resulting from the catastrophic NSW and Queensland floods are the focus of the latest edition of Insurance News magazine, which has been mailed out to subscribers and will also be available online...
26 April 2022
The Australian Institute of Quantity Surveyors has again floated a solution to address “significant” levels of underinsurance among property owners...
26 April 2022
The National Insurance Brokers Association has made some adjustments to the updated code of practice, which will come into effect from November...
26 April 2022
Suncorp is calling on governments to introduce financial literacy as a standalone course across all secondary schools after research found the current traditional maths approach is failing young Australians, particularly teenage girls...
26 April 2022
Faults in New Zealand’s common greywacke rocks, which have caused devastation in Christchurch, Kaikoura and Edgecumbe in recent years, are for the first time being studied, backed by Earthquake Commission funding...
11 April 2022
The latest NSW/Queensland flood catastrophe, one of the worst to hit the east coast in recent years, will have an “inevitable” impact on premiums, KPMG Insurance Partner Scott Guse says...
11 April 2022
The Insurance Council of Australia now estimates the cost of recent east coast flooding at more than $2.43 billion from 173,346 claims lodged so far...