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...
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...
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...
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...
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...
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...
01 February 2021
Litigation funder Omni Bridgeway, which is financing two cladding class actions in Australia, has commenced similar legal proceedings in New Zealand...
01 February 2021
Aon has entered into a partnership with business advocacy group Business Australia to support the organisation’s SME members...
14 December 2020
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14 December 2020
Australian Small Business and Family Enterprise Ombudsman Kate Carnell says action to improve insurance affordability is needed as soon as possible, with longer-term mitigation unable to deliver immediate relief...
14 December 2020
Australian insurers are likely to introduce more flexible insurance offerings in the new year, including usage-based cover, as a focus on serving the demands of existing customers turns to luring new business...
14 December 2020
Zurich catastrophe data company Perils has estimated property and motor insurance losses from October’s “Halloween” hailstorms in Queensland at $1.23 billion...
14 December 2020
The Insurance Council of Australia will seek a rapid decision on the validity of business interruption exclusions citing the Quarantine Act if the High Court agrees to hear its appeal on the issue...
14 December 2020
Marsh says there is a chance of new directors’ and officers’ insurance providers entering the market now that the premium pool “appears sustainable” after rate increases of over 100% in 2018 and last year...
14 December 2020
Alpine resort operators say insurers have “over-reacted” to the growing bushfire threat, making insurance cover unaffordable or unavailable...
14 December 2020
The Insurance Brokers Code Compliance Committee has expressed concerns over the independence of brokers who sell add-on products to clients on behalf of insurers...
14 December 2020
The general insurance industry is likely to see an increase in merger and acquisition activities in the next 24 months, according to a new report from KPMG...
14 December 2020
Motor vehicle theft fell 7% across Australia to the lowest level since 2015 in the year to September, as borders were closed and movement was restricted due to COVID-linked lockdowns...
14 December 2020
Businesses can expect cyber insurance to become more costly as insurers respond to “unsustainable losses” and regulators seek to hold companies accountable for breaches, according to Axa XL...
07 December 2020
Australia has been urged to invest more in flood mitigation after a new report found funding is “grossly disproportionate” towards recovery and reconstruction programs...