Above average rainfall, warm summer expected
02 December 2024
Australia is expected to receive above average rainfall this month before a return to typical January conditions, the Bureau of Meteorology says in a summer climate outlook...
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NZ experts produce landslide guide as danger grows
02 December 2024
New Zealand’s Natural Hazards Commission says new slope stability guidelines will help identify and assess landslide risks, which have grown in recent years...
Marsh eyes government role in cyber response
25 November 2024
Marsh wants the government to do more to address catastrophic cyber threats by establishing “really clear” regulations, promoting awareness, fostering collaboration and “considering a framework and a fund” to cover uninsurable risks...
Judge ends dispute around on-sold quake claims
25 November 2024
A New Zealand court has provided clarity on claims advocate impacts when a property damaged in the Canterbury earthquakes is eligible for a government on-sold program, a Christchurch-based specialist says...
Insurance News conference to unveil exclusive research
25 November 2024
Insurance News’ second annual conference will feature findings from an exclusive market report compiled with gold partner Finity, plus speakers and panellists examining the key issues affecting the industry...
Shoppers told to avoid festive fires amid surge in battery blazes
25 November 2024
The NSW government has urged Christmas shoppers not to “skimp on quality and safety” when buying lithium-ion battery products, as new data shows a growing number of fires caused by the items...
Indigenous adviser program secures resilience award
25 November 2024
The Australian Institute for Disaster Resilience has announced its award winners for this year...
Mortgage insurance foundations ‘keep risk low’: S&P
25 November 2024
S&P says Australia’s lenders’ mortgage insurance market will remain low-risk over the next year or two as the sector continues to perform despite premium growth retracting...
Allianz flags rise in family violence cases
25 November 2024
The number of Allianz customers affected by family violence and accessing support through their insurance policies has increased 31% in the past year, the company’s data shows...
‘Precarious’ economy poses danger to industry
18 November 2024
Australia’s slowing economy could hurt insurers, actuary Finity has warned, after the industry posted a strong performance for the second straight year...
Allianz code breach penalty goes to NSW charity
18 November 2024
The General Insurance Code Governance Committee has chosen the Northern Rivers Community Gateway charity as the beneficiary of a $50,000 sanction imposed on an insurer in June...
AFCA reveals latest firm-by-firm complaint statistics
18 November 2024
The Australian Financial Complaints Authority has released the latest update to its datacube resource, which includes complaints statistics that can be broken down by sector or company...
La Nina watch remains but indicators hold steady
18 November 2024
The Bureau of Meteorology has maintained a La Nina watch even as sea surface temperatures and atmospheric indicators remain broadly consistent with neutral conditions...
Heat grows over mandatory climate disclosures
18 November 2024
Businesses should be preparing for mandatory climate disclosures that will increase from next year under federal law changes, an Xceedance webinar heard...
WA acts to fix burst pipe problems
18 November 2024
The WA government has moved to address building disputes over leaking pipes, which insurers have flagged as a growing concern...
Climate change’s broader impacts ‘top of mind’ for industry
11 November 2024
Floods, fires and other physical risks represent only part of the story for insurers looking to manage climate change impacts and exposures, the annual Taylor Fry Radar report says...
NZ property insurer retreat ‘inevitable’ as risks mount
11 November 2024
The worsening impacts of climate change will force home insurers to stop covering thousands of risky coastal and flood-prone properties in New Zealand, a new report warns...
Insurers urged to pull productivity ‘levers’
11 November 2024
Productivity is key for Australian insurers as they seek sustainable earnings in the face of rising underwriting expenses, McKinsey & Company says in a new paper...
AFCA consults on misrepresentation approach
11 November 2024
The industry dispute body is seeking feedback on a new approach to consumers’ duty of care to avoid making misrepresentations...
‘Not fit for purpose’: report forecasts market intervention
04 November 2024
Traditional insurance models are “no longer fit for purpose” and cannot deal with the impact of climate change, according to a report released today...