21 June 2021
The Australian Competition and Consumer Commission is in contact with the US Department of Justice on Aon’s proposed acquisition of Willis Towers Watson as the deal faces regulatory hurdles...
21 June 2021
The Insurance Council of Australia says about 16,000 claims have been lodged following the Victorian storms, with losses estimated at $144 million as of the end of last week...
21 June 2021
Recovery efforts in Victoria after high winds and torrential rain hit Gippsland, the Yarra Ranges and the Dandenongs last week are being hindered by both access problems for adjusters and a likely shortage of building materials...
21 June 2021
The Federal Government’s decision to rely on a reinsurance pool and a mitigation program is intended to push down premium pressures for cyclone-prone northern Australia. But will it succeed? That depends. Insurance Magazine’s June/July edition examines the long-awaited government initiatives and speaks to key stakeholders about their chances of solving the problems...
21 June 2021
The Insurance Council of New Zealand worked alongside emergency services on Sunday to help answer insurance questions after a tornado ripped through the South Auckland suburb of Papatoetoe on Saturday morning, affecting hundreds of homes...
21 June 2021
Lloyd’s insurers Lancashire Group and Ascot Group will not be providing insurance to the Adani coal mine project in central Queensland, according to climate activists...
21 June 2021
General insurers in New Zealand are likely to record higher gross written premium (GWP) in the next few years, supported by the economy’s post-COVID bounce, according to analytics and consulting firm GlobalData...
21 June 2021
Complex global supply chains are making stock throughput policies increasingly relevant after interest has previously fluctuated, Berkshire Hathaway Specialty Insurance says...
21 June 2021
New Zealand’s Earthquake Commission is celebrating the 20th anniversary of geological hazard monitoring service GeoNet, which was created in collaboration with Land Information New Zealand and GNS Science...
21 June 2021
The Insurance Council of New Zealand (ICNZ) will feature greater use of New Zealand’s official language on its website and social media channels as it introduces a new Te Reo Māori name: Te Kāhui Inihua o Aotearoa, which translates as “the insurance association of New Zealand”.
07 June 2021
The Insurance Council of Australia appeal application for its first business interruption test case will be heard in the High Court in Canberra on June 25...
07 June 2021
Australians lost more than $851 million to scams last year, a record amount as thieves capitalised on the COVID pandemic, the Australian Competition and Consumer Commission reports...
07 June 2021
The Australian Amusement, Leisure and Recreation Association says an ombudsman review of the group’s plan for a discretionary mutual will provide information to the Federal Government as a solution for insurance problems is sought...
07 June 2021
Another opportunity will be held this month for policyholders in Queensland affected by the Halloween hailstorm to meet with their cover providers as insurers face criticism over a lack of communication and resourcing seven months after the event...
07 June 2021
The Insurance Brokers Code Compliance Committee has recommended more training on premium funding and a focus on measures to assist clients in financial difficulty as the COVID-19 pandemic continues and some clients face natural disaster impacts...
07 June 2021
The number of vehicles stolen across the country declined 24% to 45,702 in the 12 months to March from a year earlier, its lowest level since January 2000, new figures from the National Motor Vehicle Theft Reduction Council show...
07 June 2021
US insurer Liberty Mutual has declined to comment on whether it still intends to go ahead with the Baralaba South mining project in Queensland...
07 June 2021
New Zealand’s Earthquake Commission has arranged nearly NZ$7 billion in natural hazard reinsurance cover for the 2021/22 financial year, the largest program ever secured...
07 June 2021
About 73% of Australians are exposing their homes to unnecessary fire danger with habits such as charging mobile phones in beds and leaving cooking unattended, new research from QBE has found...
31 May 2021
The general insurance industry returned to profitability in the March quarter, achieving a $19 million net profit after a $622 million loss in the preceding three months to December, according to the prudential regulator...