11 April 2022
Class action hearings related to business interruption insurance cover during the pandemic have been deferred while the process seeking High Court leave to appeal continues on the industry test case...
11 April 2022
The board overseeing the new cyclone reinsurance pool should include policyholder representation from the Queensland region targeted by the new scheme, Northern Australia Insurance Lobby Co-Chairman Margaret Shaw says...
11 April 2022
Insurance losses from Cyclone Dovi, which traversed a swathe of New Zealand in February, have totalled $NZ44.43 million based on provisional claims...
04 April 2022
The General Insurance Code Governance Committee says code subscribers reported 41,768 breaches during the 2020/21 financial year as the industry adjusts to new requirements in the latest version of the code...
04 April 2022
Significant numbers of insurance industry executives and staff around the country have been isolating with covid as Omicron levels rise...
04 April 2022
Australian insurers have been told their reinsurance protection programs will likely become more expensive in the wake of the latest NSW/Queensland flood catastrophe...
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...