03 May 2021
Legal firms are continuing their investigations into potential class actions over business interruption cover despite Insurance Council of Australia test cases that aim to bring clarity over key issues...
03 May 2021
A draft version of the next broking code of practice requires a further overhaul to effectively drive higher standards, the Code Compliance Committee says...
03 May 2021
The non-profit Australian Amusement Leisure and Recreation Association has asked broker Aon to help the industry set up and run a discretionary mutual fund, according to an email to its members last week...
03 May 2021
NRMA Insurance has teamed up with Shoalhaven City Council to help bushfire-affected Australians recover faster via access to a free design for homes that are resilient, sustainable, affordable and adaptable...
26 April 2021
Court dates have been set for local government class actions launched against JLT in both NSW and Victoria...
26 April 2021
A new broker cluster group formed exclusively for Australian independent brokers has been widely welcomed, the founder says...
26 April 2021
The unprecedented hardening of the Directors’ & Officers’ insurance market has put cyber risk front of mind for Australia’s executives, new research from Willis Towers Watson shows...
26 April 2021
Aon says upward pressure will remain on directors’ and officers’ rates for the rest of the year but believes signs of stability have emerged, giving rise to “cautious optimism” that the stressed market may be on the mend...
26 April 2021
Climate change will slice a large chunk from Australia’s economy by 2050 unless swift action is taken, detailed stress-test analysis by Swiss Re projects...
26 April 2021
Zurich-based catastrophe data company Perils has finalised its insured loss estimate of the central Queensland hailstorms in April last year at $839 million, up 39% from its previous calculations...
26 April 2021
Australians can assess the risk their individual property faces from storm surge, tsunami or floods using a new online assessment tool provided free of charge by Steadfast Group which helps to calculate individual insurance needs...
26 April 2021
A Roy Morgan survey has found 82% of general insurance customers are satisfied with their providers, with personal lines insurance brands run by mutual motoring bodies leading the way...
19 April 2021
Australian general insurers, like their peers in the Asia Pacific region, will be looking to strengthen their underwriting earnings to make up for dwindling investment returns caused by the persistent low-interest rate environment, according to Fitch Ratings...
19 April 2021
Insurers have received some 2149 claims for losses from Cyclone Seroja, the Insurance Council of Australia says...
19 April 2021
The saying slow as a wet week took on a whole new gravitas last month as the NSW coast experienced its wettest seven-day period since national daily records began in 1900...
19 April 2021
Australia’s decision makers must not ignore the warnings of unprecedented bushfires, droughts, and floods which have ravaged the country in recent years, says a new report entitled Aim High, Go Fast: Why Emissions Need to Plummet this Decade...
19 April 2021
Suncorp has partnered with CSIRO, James Cook University and architects to test a prototype disaster-resilient house as they seek to persuade homeowners to spend on features that help properties withstand cyclones, floods and bushfires...
19 April 2021
Details of a defamation settlement between former GSA Insurance Brokers Chairman John Hewson and A Current Affair remain confidential after agreements were reached ahead of a Federal Court hearing set for last week...
19 April 2021
As hundreds of passengers enjoy international flights today for the first time since the start of the pandemic, travel insurance will need to be more flexible and offer clear and transparent coverage that minimises misunderstandings, Gallagher Bassett says...
19 April 2021
Medical insurers have reached out to the Federal Government seeking an “iron clad” assurance that there is an indemnity plan to cover for potential claims and other fallout that may arise from the COVID vaccination program...