02 September 2024
Flood evacuations are taking place in Tasmania while 180,000 properties in Victoria lost power overnight and schools were closed as deadly storms lashed southeast Australia...
02 September 2024
Rates have stabilised and premium pools have grown “across most insurance classes”, according to the Marsh Australian Mid-Year Insurance Market Update...
02 September 2024
Cash settlement failings reflect issues “up and down the chain” as well as systemic problems, federal flood inquiry chairman Daniel Mulino said at the launch of a Financial Counselling Victoria report...
02 September 2024
The Australian Medical Association says the rising cost of indemnity insurance premiums is a significant and growing concern for its members...
02 September 2024
Natural Hazards Commission Toka Tu Ake has celebrated the first anniversary of its Natural Hazards Portal, saying it has improved New Zealanders’ understanding of home risks and helped drive mitigation efforts...
02 September 2024
The Insurance Council of Australia will hold another round of consultations for southeast Queensland residents affected by storms last December and January...
26 August 2024
The number of Australian households facing home insurance affordability stress jumped 30% to 1.61 million in the year to March...
26 August 2024
Insurers are still losing money in the householders line but industry net earnings increased in the March quarter, according to an Australian Prudential Regulation Authority update...
26 August 2024
Insurers have hit back at allegations of “price gouging” from the Australian Council of Trade Unions, which has criticised the industry’s profits amid rising premiums...
26 August 2024
The Motor Trades Association and the Motor Body Repairers Association have released new guidelines to help collision repair businesses respond to insurer requests to use non-genuine parts...
26 August 2024
Bennelong Funds Management and Leadenhall Capital Partners have launched the LCP Insurance Linked Securities Fund...
19 August 2024
My name has been on every issue of insuranceNEWS.com.au as the publisher since it was founded in 2008, and this issue is the last time it will appear...
19 August 2024
The number of claims from declared extreme weather disasters last financial year surged 73% to more than 156,000 but industry losses remained level at $2.19 billion, the Insurance Council of Australia says in a report today...
19 August 2024
The Insurance Council and the Planning Institute of Australia have called for a ban on further property development in highly flood-prone locations...
19 August 2024
The US is battling insurance challenges on many fronts, and Australia is watching with interest to see what it can learn...
19 August 2024
Insurers are showing a “noticeable increase” in investment risk tolerance and are looking at more portfolio diversification, a report says...
19 August 2024
The Insurance Council has created an Expert Report Best Practice Standard, aiming to provide more clarity for insurers and their customers as criticism continues to flow following the 2022 flood disasters...
12 August 2024
Flood defences such as levees strengthen disaster resilience but can only offer so much protection, a Senate inquiry into climate risk’s impact on insurance premiums has heard...
12 August 2024
New Zealand’s Insurance & Financial Services Ombudsman Scheme received a record number of almost 5000 enquiries in the past year, a 21% increase...
12 August 2024
Australian market conditions have continued to stabilise but some pockets are still challenged, particularly catastrophe-prone property and casualty risks with heavy US exposures, Aon says in a global second-quarter report...