28 June 2021
The Insurance Council of Australia is urging small businesses to submit a claim if they believe they have business interruption cover for COVID-19 lockdowns, following Friday’s test case defeat in the High Court...
28 June 2021
The Federal Government’s cyclone reinsurance pool for northern Australia needs an exit strategy, Insurance Council of Australia CEO Andrew Hall told a parliamentary inquiry...
28 June 2021
Solutions to insurance problems faced by companies in the coal sector must be found, as the local fossil fuel remains a key part of the global energy mix and the transition to renewables will take decades, resource industry executives have told a parliamentary inquiry...
28 June 2021
NRMA Insurance received the highest number of severe weather home claims for any autumn this year on Australia’s east coast, and says March-May claims from extreme weather were almost triple the five-year average...
28 June 2021
Zurich-based catastrophe data company Perils has lowered its insured loss estimate for the NSW and Queensland flooding catastrophe in March to $916 million, down from an initial estimate of $1.06 billion last month...
28 June 2021
Credit unions, mutual banks and mutual building societies have stopped selling consumer credit insurance products since September last year, according to the Customer Owned Banking Code Compliance Committee...
28 June 2021
A world-first agreement between New Zealand’s state-owned Earthquake Commission and eight private insurers comes into effect on Wednesday, putting an end to double-handling of natural disaster claims...
21 June 2021
The Australian Competition and Consumer Commission is in contact with the US Department of Justice on Aon’s proposed acquisition of Willis Towers Watson as the deal faces regulatory hurdles...
21 June 2021
The Insurance Council of Australia says about 16,000 claims have been lodged following the Victorian storms, with losses estimated at $144 million as of the end of last week...
21 June 2021
Recovery efforts in Victoria after high winds and torrential rain hit Gippsland, the Yarra Ranges and the Dandenongs last week are being hindered by both access problems for adjusters and a likely shortage of building materials...
21 June 2021
The Federal Government’s decision to rely on a reinsurance pool and a mitigation program is intended to push down premium pressures for cyclone-prone northern Australia. But will it succeed? That depends. Insurance Magazine’s June/July edition examines the long-awaited government initiatives and speaks to key stakeholders about their chances of solving the problems...
21 June 2021
The Insurance Council of New Zealand worked alongside emergency services on Sunday to help answer insurance questions after a tornado ripped through the South Auckland suburb of Papatoetoe on Saturday morning, affecting hundreds of homes...
21 June 2021
Lloyd’s insurers Lancashire Group and Ascot Group will not be providing insurance to the Adani coal mine project in central Queensland, according to climate activists...
21 June 2021
General insurers in New Zealand are likely to record higher gross written premium (GWP) in the next few years, supported by the economy’s post-COVID bounce, according to analytics and consulting firm GlobalData...
21 June 2021
Complex global supply chains are making stock throughput policies increasingly relevant after interest has previously fluctuated, Berkshire Hathaway Specialty Insurance says...
21 June 2021
New Zealand’s Earthquake Commission is celebrating the 20th anniversary of geological hazard monitoring service GeoNet, which was created in collaboration with Land Information New Zealand and GNS Science...
21 June 2021
The Insurance Council of New Zealand (ICNZ) will feature greater use of New Zealand’s official language on its website and social media channels as it introduces a new Te Reo Māori name: Te Kāhui Inihua o Aotearoa, which translates as “the insurance association of New Zealand”.
07 June 2021
The Insurance Council of Australia appeal application for its first business interruption test case will be heard in the High Court in Canberra on June 25...
07 June 2021
Australians lost more than $851 million to scams last year, a record amount as thieves capitalised on the COVID pandemic, the Australian Competition and Consumer Commission reports...
07 June 2021
The Australian Amusement, Leisure and Recreation Association says an ombudsman review of the group’s plan for a discretionary mutual will provide information to the Federal Government as a solution for insurance problems is sought...