06 December 2021
The Northern Australia Insurance Lobby says holiday rental developments and other properties in Australia’s north may be left uncovered by the cyclone reinsurance pool, based on draft legislation released last week...
06 December 2021
The Australian Amusement, Leisure and Recreation Association’s plan for a discretionary mutual fund offers the “only suitable” answer to the industry’s pressing insurance challenges around affordability and availability, the Australian Small Business and Family Enterprise Ombudsman has concluded...
06 December 2021
Cyber has changed from a product that was once hard to sell to one that’s hard to buy, amid an increase in claims and with coverage and capacity more difficult to find, Emergence Insurance says...
06 December 2021
Macquarie Group is undertaking a business sentiment “check in” survey to gauge how insurance brokers, underwriting agencies and insurtechs feel about the future...
06 December 2021
Modern houses are not resilient to the damaging impacts of tropical cyclones despite conforming to current safety aspects of the National Construction Code and the issue is likely to worsen with climate change, the Insurance Council of Australia has warned in a research report...
06 December 2021
The Insurance Brokers Code Compliance Committee has pressed the importance of self-reported breaches, as they may highlight lapses in a subscriber’s compliance monitoring process...
06 December 2021
The Insurance Council of Australia says many of its members will change their recovery practices after consumer advocates aired concerns that tenants are being pursued to pay for accidental or unintentional damage caused...
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...