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...
08 February 2021
A WA bushfire that destroyed 86 homes near Perth and caused insurance losses of more than $40 million was brought under control at the weekend...
08 February 2021
Academics at the University of Tasmania have published a series of thought-provoking articles exploring the role of affordability in Australia’s bushfire management...
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...
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...
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...
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...
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
Dear reader...
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...