29 November 2021
The general insurance industry returned better results in the year to September 30, with net profit after tax rising 4.5% to $944 million from a year earlier, according to the latest prudential data...
29 November 2021
Australia will experience a La Nina for the second year running after the Bureau of Meteorology (BOM) last week declared the flood-inducing weather pattern was now underway...
29 November 2021
Forecasts for significantly above average crop yields and delayed harvests in NSW suggest unusually high fuel loads will coincide with the peak of summer and create above normal risk for bushfires in large parts of the state...
29 November 2021
The General Insurance Code Governance Committee says measures introduced to assist customers experiencing vulnerability and financial hardship should be reviewed in the wake of implementation...
29 November 2021
Retail parametric cover aimed at Northern Australian enterprises and consumers will help meet a need for a simple option that can deliver fast emergency payments after severe tropical cyclones, provider Redicova says...
29 November 2021
Significant merger and acquisition activity among insurers, brokers and underwriting agencies has sparked a warning from consultants Frazer Walker on issues that could derail the success of deals...
29 November 2021
New Zealand’s Earthquake Commission has awarded 13 researchers a total of $NZ1 million to identify ways to reduce the impact of natural hazards and better inform policy makers, local councils, designers, engineers and builders...
22 November 2021
Federal Court action filed by the Vanilla Lounge restaurant against Suncorp over business interruption cover during the pandemic has settled in favour of the insurer, as both sides draw positives from a judgment last year on a separately decided question considered as part of the case...
22 November 2021
Urgent action is needed at all levels of government, in collaboration with the insurance industry, to build a national picture of coastal hazard risks and how they can be addressed, the Insurance Council of Australia says...
22 November 2021
A judgment on the class action trial over NSW local government insurance mutuals could take months, lawyers say...
22 November 2021
Aon Australia has given its take on the local findings from the broker’s recent biennial risk survey...
22 November 2021
New Zealand’s Earthquake Commission says it has provided “urgent” funding to University of Auckland researchers who are working to strengthen walls of buildings at higher risk of earthquake damage...
15 November 2021
The Full Court has reserved its decision after last week concluding appeal hearings on the Insurance Council of Australia second test case related to business interruption claims triggered by COVID-19 restrictions...
15 November 2021
The Consumers’ Federation of Australia has welcomed a “substantial change in approach” in the revised National Insurance Brokers Association draft code of practice...
15 November 2021
Directors’ and officers’ (D&O) premiums may be reaching a ceiling as policyholders resist further increases after surges in recent years, a report by legal network Global Insurance Law Connect says...
15 November 2021
The Insurance Council of Australia is continuing to push for further action to speed movement of personnel across state borders after Emergency Management Australia changed its protocols...
15 November 2021
The Victorian earthquake has highlighted the potential to underestimate risks in Australia due to its long seismic cycles and national data limitations, catastrophe modelling firm RMS says...
15 November 2021
An overhaul of claims handling introduced after New Zealand’s devastating Canterbury earthquakes has significantly improved outcomes, with 80% of claims from the 2016 Kaikōura earthquake settled and closed in the first year, the Earthquake Commission (EQC) says, and fewer than 5% reopened...
15 November 2021
Governments should recognise and support the role of local co-operatives in improving natural disaster risk mitigation and resilience in rural communities, a report says...
08 November 2021
The Full Court has this morning started hearing appeals related to business interruption claims triggered by the COVID-19 pandemic after initial Federal Court decisions mostly favoured insurers...