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Exclusion standardisation needed on perils: FRLC

14 March 2022

Reforms to standardise insurance definitions for natural perils should include a focus on exclusions and qualifications that can leave consumers exposed after they thought they were covered, the Financial Rights Legal Centre says...

Seismometers to be installed in New Zealand’s North Island

14 March 2022

A research project co-funded by New Zealand’s Earthquake Commission into an experimental earthquake warning system using low-cost sensors has been granted funding to install 20 seismometers across the lower North Island...

Flood catastrophe claims soar to 86,000

07 March 2022

The Insurance Council of Australia says the NSW/Queensland catastrophe could be one of the most significant flood events the country has ever faced...

Improved underwriting results lift industry profit

07 March 2022

Underwriting results for the general insurance industry returned to positive territory for the year to December, new figures from the Australian Prudential Regulation Authority show...

Funeral insurer fund placed in liquidation

07 March 2022

The Aboriginal Community Benefit Fund No. 2 Pty Ltd has been placed into liquidation, leaving more than 3400 people without funeral insurance policies, the Financial Rights Legal Centre says...

NIBA launches new broker code

07 March 2022

Brokers have until November 1 to prepare for the new Insurance Brokers Code of Practice, launched last week...

Australia’s autumn bushfire potential mixed

07 March 2022

Autumn conditions present varied fire potential for locations across Australia, with below normal bushfire potential in areas of NSW, Victoria and the ACT but above normal conditions in lower southeast SA, and WA areas associated with higher fuel loads...

Independent review examines strata sector

28 February 2022

Steadfast has commissioned an independent review by consultant John Trowbridge into remuneration and the delivery of services in strata amid an increasing focus by regulators on issues affecting the high-density building sector...

In Insurance News magazine this month

28 February 2022

There’s so much uncertainty in the world right now, but it never hurts to take a look at what might be coming down the road...

ICNZ estimates Tonga claims at $5.5 million

28 February 2022

Claims triggered by the Tonga volcanic eruption and tsunami total $NZ5.88 million, according to the initial estimate from the Insurance Council of New Zealand...