26 April 2022
The lessons and challenges resulting from the catastrophic NSW and Queensland floods are the focus of the latest edition of Insurance News magazine, which has been mailed out to subscribers and will also be available online...
26 April 2022
The Australian Institute of Quantity Surveyors has again floated a solution to address “significant” levels of underinsurance among property owners...
26 April 2022
The National Insurance Brokers Association has made some adjustments to the updated code of practice, which will come into effect from November...
26 April 2022
Suncorp is calling on governments to introduce financial literacy as a standalone course across all secondary schools after research found the current traditional maths approach is failing young Australians, particularly teenage girls...
26 April 2022
Faults in New Zealand’s common greywacke rocks, which have caused devastation in Christchurch, Kaikoura and Edgecumbe in recent years, are for the first time being studied, backed by Earthquake Commission funding...
11 April 2022
The latest NSW/Queensland flood catastrophe, one of the worst to hit the east coast in recent years, will have an “inevitable” impact on premiums, KPMG Insurance Partner Scott Guse says...
11 April 2022
The Insurance Council of Australia now estimates the cost of recent east coast flooding at more than $2.43 billion from 173,346 claims lodged so far...
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...