New earthquake fault 130km from Auckland to be studied
22 February 2021
A newly discovered fault line which is just a 90-minute drive from Auckland is to be examined in a project funded by the Earthquake Commission to determine its quake risk...
Local
Proposed new broker code highlights remuneration transparency
15 February 2021
The National Insurance Brokers Association is seeking feedback on proposed Code of Practice changes that include greater remuneration transparency ahead of the expected release of a finalised document later this year...
SME unease deepens as Victoria locks down again
15 February 2021
The reintroduction of stage four restrictions in Victoria has rattled the confidence of general insurance brokers and their clients and prompted calls for government assistance measures to be ramped up...
Marsh warns on more COVID-19 exclusions
15 February 2021
Continuing litigation related to the COVID-19 pandemic could prompt more liability insurance exclusions, Marsh warns in an Australian market recap...
Man who broke leg while walking dog can claim workers' comp
15 February 2021
A worker who slipped on a wet log while walking his dog around a lake in Tasmania and broke his left thigh bone has won a workers’ compensation claim dispute...
NZ trialling low-cost earthquake early warning system
15 February 2021
New Zealand is set to trial a low-cost community-based earthquake early warning system that could lead to a broad network of internet-linked sensors...
ICA launches its own review of insurance problems
08 February 2021
The Insurance Council of Australia is undertaking its own review of affordability and availability issues following a number of other inquiries that have identified coverage problems for some consumers and businesses...
WA fires under control after 86 homes lost
08 February 2021
A WA bushfire that destroyed 86 homes near Perth and caused insurance losses of more than $40 million was brought under control at the weekend...
Affordability of fire prevention ignored ‘at our peril’
08 February 2021
Academics at the University of Tasmania have published a series of thought-provoking articles exploring the role of affordability in Australia’s bushfire management...
Insurance pricing a key signal in shift to low carbon: ICNZ
08 February 2021
The pricing of risk by insurers helps to expose unsustainable practices and provides a crucial signal for all stakeholders in helping drive the move toward a low carbon economy, the Insurance Council of New Zealand says...
La Nina past peak, over by autumn
08 February 2021
The influence of La Nina on atmospheric and oceanic patterns in the tropical Pacific has likely peaked, though above average rainfall in eastern and northern Australia is expected to persist into early autumn, particularly over northern Queensland...
Halloween hailstorm losses hit $1.3 billion
08 February 2021
Zurich catastrophe data company Perils has estimated property and motor insurance losses from October’s “Halloween” hailstorms in Queensland at $1.3 billion...
Hail risk often overlooked: Axa XL
08 February 2021
Hailstorms are often overlooked as a serious peril risk but the catastrophe that hit Brisbane last October has again demonstrated just how costly and destructive these weather hazards can be, according to Axa XL...
Firms review risk priorities after COVID-19 blindsiding
08 February 2021
A pandemic or other major health crisis was not a top-10 risk for 82% of firms globally before the COVID-19 outbreak, while the Asia-Pacific region was the most prepared, an Aon survey has found...
Decline in strata offerings spells ‘troubling’ trend for consumers: StrataRatings
08 February 2021
The number of strata insurance offerings declined further after another five products were taken off the market last year, leaving consumers with less choice, according to StrataRatings...
Predictive modelling to help battle bushfires
08 February 2021
The CSIRO and fire and emergency services council AFAC have agreed on the development of nationally consistent bushfire modelling and prediction capabilities, as technology efforts are stepped up after last season’s Black Summer catastrophe...
ACCC backs subsidies over cyclone reinsurance pool
01 February 2021
Governments wanting to provide immediate relief to consumers battling expensive premiums in cyclone-prone regions of Australia should look at subsidies that can be clearly targeted, the Australian Competition and Consumer Commission says...
Weather disasters cost Australia $35 billion in 10 years
01 February 2021
The cost of extreme weather disasters in Australia has more than doubled since the 1970s, reaching $35 billion for the decade to 2019...
Suncorp confident after Federal Court's cafe BI ruling
01 February 2021
Suncorp says a Federal Court ruling on a Victorian cafe’s business interruption disease exclusion wording has delivered a favourable outcome despite finding against the insurer on a specific question tested in the hearing...
Cladding class action proceeds in New Zealand
01 February 2021
Litigation funder Omni Bridgeway, which is financing two cladding class actions in Australia, has commenced similar legal proceedings in New Zealand...