30 November 2020
Bushfires and other costly natural disasters from last summer plus the fallout from COVID-19 on financial markets have significantly affected general insurance earnings, the Australian Prudential Regulation Authority says...
30 November 2020
The Actuaries Institute says “temporary and targeted government intervention” is needed to help manage the issue of insurance affordability, with households in up to 12% of Australian postcode areas facing pressure in meeting annual premiums...
30 November 2020
Several key executives will leave the Insurance Council of Australia, following a strategic review...
30 November 2020
Clarity over business interruption claim impacts as a result of the COVID-19 pandemic is likely to be “some time off” as legal battles continue over wordings and other considerations, AM Best says...
30 November 2020
Several bushfires have broken out in parts of NSW, prompting the Rural Fire Service to issue advice alerts in a number of areas, including two that are burning west of Sydney today...
30 November 2020
Detailed discussion of the NSW Court of Appeal ruling on the COVID-19 business interruption test case is featured in the first edition of INsight, the new Insurance News podcast...
30 November 2020
Small businesses in New Zealand are more concerned about cyber attacks, managing cashflow and retaining staff than natural disasters, even after a decade of destructive earthquakes and floods...
30 November 2020
A “roadmap” developed by the Australian Sustainable Finance Initiative has called on members to facilitate a transition to net-zero emissions by 2050 and to take steps to boost resilience...
30 November 2020
The Insurance Council of Australia hosted the first of a series of Building Stronger Homes Roundtables last week, exploring the role of construction standards in national natural disaster resilience...
30 November 2020
Litigation funder Omni Bridgeway says the Victorian and Queensland governments have given their consent to join two separate cladding class actions it is pursuing in the Federal Court...
23 November 2020
The Insurance Council of Australia is considering legal action on two fronts following the NSW Court of Appeal test case decision last week that found in favour of policyholders on business interruption pandemic exclusions...
23 November 2020
Australia’s general insurance industry is still on track to achieve “a good, solid return” despite losing the business interruption test case heard last month in the NSW Court of Appeal, S&P Global Ratings says...
23 November 2020
The Federal Court has listed two days of hearings from April 29-30 to address the question of the “making of a declaration of indemnity” in the business interruption lawsuit filed by The Star Entertainment Group against Chubb and other insurers...
23 November 2020
A new suite of research projects to fill crucial knowledge gaps in how Australia manages bushfires and other natural hazards is being undertaken at the Bushfire and Natural Hazards Co-operative Research Centre...
23 November 2020
About 45% of Australian don’t know what La Nina means despite warnings from weather forecasters that the climate event is set to bring more rain and floods this coming summer, according to new research from Allianz...
23 November 2020
A number of customers who bought consumer credit insurance from ANZ are pursuing their claims for about $85,000 in compensation through the Australian Financial Complaints Authority..
23 November 2020
A Canterbury quake claim class action against Southern Response will proceed on an “opt out” basis following a ruling last week in the Supreme Court of New Zealand...
23 November 2020
Insurtech Gateway Australia has been granted $250,000 over two years by the Federal Government as part of an incubator support initiative...
23 November 2020
Insured losses from the New Zealand Lake Ohau fire last month have reached $NZ34.8 million, according to preliminary figures...
23 November 2020
New Zealand has created a National Landslide Database to capture all current and future landslide information from local and regional councils, government entities and geotechnical consultants...