04 April 2022
Australia has a natural catastrophe protection gap of 38%, larger than the UK and Switzerland, Swiss Re says, while warning that flood risk “deserves the same attention and risk assessment rigour” as hurricanes...
04 April 2022
Whether JobKeeper is taken into account for business interruption insurance calculations will have a significant effect on possible claim payments, given the level of support received under the government program, Sedgwick Australia says...
04 April 2022
About $17.16 billion in general insurance premium was invoiced by intermediaries in the six months to December, the Australian Prudential Regulation Authority says in a regular update...
04 April 2022
The Insurance Council of Australia will engage with the motor crash repair industry over concerns that businesses are being brought to the brink of collapse by insufficient payments and surging costs...
04 April 2022
The Financial Rights Legal Centre says Federal Budget funding of $2.5 million over two years for its Insurance Law Service has come at a critical time...
04 April 2022
An early version of the article Claims service delays hit new low after 'perfect storm', which appeared in The Broker on Thursday, contained comments from National Insurance Brokers Association CEO Phil Kewin in relation to broker feedback on claims...
28 March 2022
High Court appeal applications have been filed by two policyholders and one insurer participating in the industry business interruption test case, while separately The Star Entertainment Group is also seeking to overturn a previous decision...
28 March 2022
Fitch Ratings says the NSW/Queensland floods will impact insurers’ earnings as more bad weather is predicted for this week...
28 March 2022
Motor crash repairers are seeking an urgent meeting with insurers over concerns that they are being squeezed by insufficient payments when supply chain problems are fuelling surging cost increases...
28 March 2022
Zurich-based catastrophe data company Perils has shaved its insured loss estimate for last year's NSW and Queensland flooding catastrophe to $688 million...
28 March 2022
Making insurance affordable and accessible and addressing building defect problems are key planks in a Strata Community Association federal election campaign document outlining priorities for the next government...
28 March 2022
A recent survey of Australian small business has uncovered a disparity between the risks named by enterprise owners as most concerning, and their insurance coverage...
28 March 2022
New Zealand research near Queenstown has confirmed the low seismicity western Otago area has the potential to create an earthquake similar in size to the powerful Darfield Canterbury event in 2010...
21 March 2022
Losses from the Queensland and NSW floods have reached an estimated $2.3 billion, while a survey undertaken for the Insurance Council of Australia has highlighted significant levels of underinsurance among affected communities...
21 March 2022
More than half businesses are renewing their insurance without receiving expert advice from brokers, with younger buyers particularly likely to complete their own reviews, the latest Vero SME Insurance Index finds...
21 March 2022
Parametric insurance specialist Descartes Underwriting has called for a “rethink” in relation to how flood and other catastrophe risks should be placed in the wake of the latest flood disaster to hit the country...
21 March 2022
The Insurance Council of Australia will this week visit WA communities affected by Cyclone Seroja and will also host consultations next week for policyholders impacted by Victorian storms in June...
21 March 2022
Consumer and legal services say the Federal Government must take action to assist Aboriginal and Torres Strait Islander policyholders left without funeral plans after the collapse of Youpla...
14 March 2022
The Greens will move to extend the Federal Government’s cyclone reinsurance pool to include all flood risks, as experts call for a broader scheme in the wake of the Queensland/NSW catastrophe...
14 March 2022
Insurers have received 135,697 claims related to the NSW/Queensland flood catastrophe, at an estimated cost of $2.035 billion...