Complex supply chains highlight STP cover benefits
21 June 2021
Complex global supply chains are making stock throughput policies increasingly relevant after interest has previously fluctuated, Berkshire Hathaway Specialty Insurance says...
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EQC celebrates 20 years of 'Shaky Isles' GeoNet alerts
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...
ICNZ debuts new name: Te Kahui Inihua o Aotearoa
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”.
High Court set to hear BI appeal application
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...
Scammers steal a record $850 million in 2020: ACCC
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...
Amusement parks group backs mutual review
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...
ICA to hold second round of Halloween hailstorm community talks
07 June 2021
Another opportunity will be held this month for policyholders in Queensland affected by the Halloween hailstorm to meet with their cover providers as insurers face criticism over a lack of communication and resourcing seven months after the event...
Broker code committee urges premium funding training
07 June 2021
The Insurance Brokers Code Compliance Committee has recommended more training on premium funding and a focus on measures to assist clients in financial difficulty as the COVID-19 pandemic continues and some clients face natural disaster impacts...
Vehicle theft falls to 21-year low
07 June 2021
The number of vehicles stolen across the country declined 24% to 45,702 in the 12 months to March from a year earlier, its lowest level since January 2000, new figures from the National Motor Vehicle Theft Reduction Council show...
Liberty Mutual won't commit on plans for Queensland mine
07 June 2021
US insurer Liberty Mutual has declined to comment on whether it still intends to go ahead with the Baralaba South mining project in Queensland...
EQC secures record reinsurance cover
07 June 2021
New Zealand’s Earthquake Commission has arranged nearly NZ$7 billion in natural hazard reinsurance cover for the 2021/22 financial year, the largest program ever secured...
Playing with fire: Australians fail safety test
07 June 2021
About 73% of Australians are exposing their homes to unnecessary fire danger with habits such as charging mobile phones in beds and leaving cooking unattended, new research from QBE has found...
Industry returns to black in March quarter
31 May 2021
The general insurance industry returned to profitability in the March quarter, achieving a $19 million net profit after a $622 million loss in the preceding three months to December, according to the prudential regulator...
Lockdown legal actions head to Victorian court
31 May 2021
Victorian hospitality enterprises hit by last year’s lockdown have launched court actions through legal firm Gadens over denied business interruption claims...
Bushfire potential 'above normal' for NT
31 May 2021
Bushfire potential is above normal in the NT this dry season while more usual conditions are expected across the remainder of northern Australia...
Australia, NZ paths diverge in resilience index
31 May 2021
Australia and New Zealand have taken diverging paths in the annual FM Global Resilience Index, while countries in Europe continue to hold the top places...
NZ insurers stand ready to help flood-hit residents
31 May 2021
New Zealand insurers stand ready to help customers affected by a one-in-100-year flood in the Canterbury region, as thousands of homes face risk of inundation...
Evacuation challenges shown for Auckland volcano field
31 May 2021
Scientists studying how long it might take to evacuate people from Auckland ahead of a future eruption of the areas volcanic field have found it could take around two days in one possible scenario...
ICA review outlines affordability options
24 May 2021
A consultation paper, produced by former insurance executive and regulator John Trowbridge in collaboration with economist Michael Blythe, has outlined 16 options for consideration...
Resilience key as renewals fall due after tough year
24 May 2021
Insureds should make early preparations for renewals and highlight actions taken to improve resilience following a year impacted by the COVID-19 pandemic, Willis Towers Watson says...