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...
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...
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...
14 March 2022
Potential partners have until 1 April 2022 to apply for opportunities with the Defence Service Homes Insurance Scheme...
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...
07 March 2022
The latest meeting of the Insurance Council of Australia Business Advisory Council focused on a crisis in the availability of physical and sexual abuse liability insurance coverage for out-of-home care providers...
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...
07 March 2022
The United Nations-convened Intergovernmental Panel on Climate Change has flagged Australia faces more floods in the future unless it makes more efforts to reverse man-made carbon emissions sharply...
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...
07 March 2022
The South Australian Council of Social Service has called for government support to improve insurance affordability, warning low-income groups face “catastrophic” financial risks as climate change-fuelled natural disasters increase...
07 March 2022
Brokers have until November 1 to prepare for the new Insurance Brokers Code of Practice, launched last week...
07 March 2022
New Zealand’s Earthquake Commission is funding research to optimise the way volcanic risk is communicated and responded to...
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...
28 February 2022
Floodwaters have swamped areas of southeast Queensland and northern NSW, claiming eight lives and damaging thousands of homes and businesses...
28 February 2022
Law firms representing clients in the battle over covid-related business interruption losses still believe valid claims can be made, even after insurers emerged ahead in a key appeal ruling last week...