11 October 2021
New Zealand’s Earthquake Commission and building research group BRANZ are funding research assessing the seismic resilience and fire risk performance of prefabricated insulated panels as demand for housing increases...
04 October 2021
Tornadoes, heavy rainfall and hail have marked an active start to the storm season in eastern and southern Australia as insurers continue to push for national arrangements to allow industry personnel to move more quickly across regions...
04 October 2021
Australia should consider simple fixes to building parapets and other parts of structures that can easily fall during an earthquake, a New Zealand academic who drove legislative change in that country says...
04 October 2021
Setting up a national cyclone advisory group to address mitigation and other emergency management issues should be considered, according to a WA-focused four-year research project...
04 October 2021
Catastrophe data company Perils has launched a real-time hailstorm loss forecasting tool for Australia, and says it’s the first time the capability has been available to the insurance industry...
04 October 2021
The Insurance Council of Australia says Assistant Treasurer Michael Sukkar will deliver a keynote address at next week’s Annual Forum...
04 October 2021
Premium funders are finalising the details of their first code of practice, which is set to come into effect next year...
27 September 2021
Insurers have received 4600 claims after the largest earthquake to ever strike Victoria took Australians by surprise last week, the Insurance Council of Australia says...
27 September 2021
The National Insurance Brokers Association has backed the collaborative approach of the Trowbridge report in seeking to find solutions to difficult market conditions...
27 September 2021
Insurers might need to review their risk evaluation and underwriting processes if proposed “right to repair” laws are introduced, Clyde & Co says...
27 September 2021
Intermediaries invoiced about $14.1 billion in general insurance premiums in the six months to June 30, up from almost $12.5 billion a year earlier, the Australian Prudential Regulation Authority says in a regular bi-annual update...
27 September 2021
Zurich-based catastrophe data company Perils has slashed its insured loss estimate for the March NSW and Queensland flooding catastrophe to $751 million, saying initial over-reserving of losses in the wake of the flood event had incorrectly inflated its first two cost estimates...
27 September 2021
The COVID-19 pandemic has elevated mental health issues to a business risk requiring the attention of boards and top executives, Mercer Marsh Benefits says...
20 September 2021
The Insurance Council of Australia will form a Business Advisory Council as part of responses to a report delivered by John Trowbridge on availability and affordability issues...
20 September 2021
Consumer groups have again alleged that landlord insurers are “unfairly” demanding tenants pay for their landlords’ insurance claims, after first flagging the problem last month...
20 September 2021
A Federal Court decision on the Insurance Council of Australia second test case could be handed down as early as next month, with a potential appeal already scheduled for November...
20 September 2021
The Bureau of Meteorology says there is a 50% chance of a flood-inducing La Nina weather system forming this year due to recent cooling in the tropical Pacific – which is more than double the normal likelihood...
20 September 2021
The Insurance Council of Australia will hold its Annual Industry Forum next month, but it will be in a virtual format...
13 September 2021
The Insurance Council of Australia second business interruption test case is set to conclude this week after hearing arguments relating to disease and prevention of access wordings and how any losses should be calculated if a policy is triggered...
13 September 2021
Theatres that rank amongst Melbourne’s most iconic venues have filed Victorian Supreme Court action against Ansvar Insurance seeking cover for pandemic business interruption losses totalling more than $20 million...