24 May 2021
The Insurance Council of Australia says it aims to collect “a more comprehensive range” of vehicle theft data after cutting its funding for the National Motor Vehicle Theft Reduction Council...
24 May 2021
Allianz says the Australian general insurance market has held up well, shrugging off the pandemic disruption to record a 0.8% growth in premium to €28 billion last year...
24 May 2021
Insurers have raised premiums for home and motor policies since the pandemic broke out in March last year but the move has not sparked an exodus of customers, according to DBM Consultants...
17 May 2021
Submissions to a parliamentary inquiry into the prudential regulation of investment in Australia’s resources sector and other export-led industries have turned up the heat on insurers, whose climate policies have come under criticism from the fossil fuels industry...
17 May 2021
Northern Australia insurance buyers have formed a lobby group to ensure the consumer voice is heard as Federal Budget commitments on a reinsurance pool and resilience measures are delivered...
17 May 2021
A plague of mice continues to cause misery across many regional NSW and Queensland communities, but damage to crops and homes is unlikely to be covered by insurance...
17 May 2021
The Insurance Council of Australia has unveiled a fresh look with new branding and a thorough overhaul of its website, showcasing the “bold colours” found in Australia’s landscape...
17 May 2021
Businesses are often not sure their data breach response plans meet requirements despite a continuing escalation in cyber threats, a Gallagher Australia report has found...
17 May 2021
Caravan and water ski parks were hard hit by the Hawkesbury River flooding in March with extensive damage caused and some operators saying warnings were inadequate, Risk Frontiers says...
17 May 2021
A decision by the Australian Financial Complaints Authority not to look into car dealer add-on insurance cases against Allianz pending the outcome of a class action against the insurer has shed further light on how such disputes may be handled...
17 May 2021
The Consumers’ Federation of Australia says the National Insurance Brokers Association draft code of practice, released with a discussion paper, “needs substantial work” if it is to become a benchmark for others...
10 May 2021
The Financial Rights Legal Centre has warned the reinsurance pool announced last week for northern Australia may not deliver significant premium reductions and offers no assistance for those exposed to natural catastrophes in other parts of the country...
10 May 2021
Financial and professional rates in the Australia-led Pacific region surged 48% in the first quarter, the highest out of three commercial product classes tracked by Marsh’s price tracker...
10 May 2021
An actuary with the Financial Reporting Council, a UK regulator, has suggested there may be a way for the insurance industry globally to underwrite pandemics, wars and other uninsurable risks as well as black swan events...
10 May 2021
The Insurance Council of Australia has added IAG CEO Nick Hawkins, Munich Re Australasia MD Scott Hawkins and Chubb Country President Peter Kelaher to its board...
10 May 2021
Zurich-based catastrophe data company Perils has put its initial insured loss estimate for the NSW and Queensland flooding catastrophe at $1.06 billion...
10 May 2021
Australia faces drier conditions and an increased risk of extreme bushfires peppered with bouts of intense rainfall and floods during severe La Nina phases, representatives from Chubb and Suncorp told attendees at this year’s Actuaries Summit...
10 May 2021
US insurer Liberty Mutual has confirmed it will not be lodging an environmental impact statement for a Queensland coal mine project that it owns through subsidiary Liberty Metals and Mining Holdings...
03 May 2021
The Insurance Council of Australia says the upcoming abolition of the duty of disclosure for consumer insurance contracts will bring “clarity and certainty” – but warns insurers will still be able to deny claims if customers provide inaccurate information...
03 May 2021
A cyclone reinsurance pool for northern Australia is expected to be announced by the Federal Government within days, insuranceNEWS.com.au understands...