16 August 2021
The insurance industry may have to reassess its COVID adjustment plans as it is increasingly apparent the coronavirus pandemic is a “completely different ballgame” from past communicable disease outbreaks, according to the Actuaries Institute...
16 August 2021
The Insurance Council of Australia has welcomed the latest climate change report from the United Nations, saying the latest findings on the state of the planet will provide “further guidance on this important issue”...
16 August 2021
Once a minnow in the field, local insurer Hollard has turbo-charged its GWP after pulling off the daring acquisition of Commonwealth Bank’s insurance business. The cover story in the latest edition of Insurance News magazine features the company’s founder Richard Enthoven, who talks about how the deal came about and how Hollard will leverage its new business to foster growth...
16 August 2021
Insurers have covered insured losses of $NZ32 million so far for a tornado that tore through the south Auckland suburb of Papatoetoe on June 19, the Insurance Council of New Zealand says...
16 August 2021
Brisbane-based insurer Suncorp is encouraging Queensland customers to “build back better” after releasing information on household claims it has dealt with over the past five years...
09 August 2021
The Insurance Council of Australia is considering the implications of a Federal Court decision that found a policy held by The Star Entertainment Group did not provide business interruption cover for COVID-19 restrictions...
09 August 2021
Australia continues to get some respite from last year’s high temperatures, but autumn weather brought extreme rain and rising sea levels...
09 August 2021
Last month’s fire incident involving a Tesla battery project in Victoria is likely to lead to increased scrutiny by insurers over the way renewable energy storage assets are constructed and managed, according to broker BMS...
09 August 2021
Insurers say they embrace an opportunity to engage with critics of loss recovery processes used during landlord insurance claims...
09 August 2021
The Financial Rights Legal Centre says it has been forced to cut its Insurance Law Service in half and consumers are losing access to Australia’s only free insurance legal advice helpline due to insufficient funding...
02 August 2021
Commercial insurance pricing in the Australia-led Pacific market grew 23.2% in the June quarter, weaker than the 29.4% rise seen in the preceding quarter, according to Marsh’s latest price tracking index...
02 August 2021
The Australian Financial Complaints Authority has spent three months trialling a new procedure of more quickly declining some complaints that lack merit, where it found compelling reasons...
02 August 2021
A music video highlighting the quirks of lockdown life has been viewed thousands of times as many industry employees continue to work from home in Sydney and beyond...
02 August 2021
Professional indemnity claim payments amounted to $1.109 billion in the 2019 underwriting year, up 11.8% from the previous year, according to latest data from the prudential regulator...
02 August 2021
The Australian Financial Complaints Authority says it has appointed David Short as Ombudsman in its Insurance team...
26 July 2021
The Federal Parliament Trade and Investment Growth Committee has called for insurance and banking representatives to appear at a hearing tomorrow as it continues an inquiry into the prudential regulation of investment in Australia’s export industries...
26 July 2021
The Bureau of Meteorology has confirmed that a negative Indian Ocean Dipole (IOD) is underway, increasing the likelihood of above average winter-spring rainfall for much of southern and eastern Australia...
26 July 2021
The Australian Prudential Regulation Authority has released its 2020 financial year general insurance claims data...
26 July 2021
Emergency make-safe works and other critical building repairs are allowed to proceed in the current lockdown in Sydney, the Insurance Council of Australia says...
26 July 2021
Insurance customers in New Zealand’s Canterbury region have so far lodged 3538 claims worth $NZ43.8 million following floods during May 29-June 1, the Insurance Council of New Zealand says...