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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...

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...

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...

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...

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...