Attend our cyber seminar to boost awareness, understanding
28 October 2024
Cyber Security Awareness Month is coming to an end, but understanding this critical risk should be a year-round focus for industry professionals...
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Consumer lobby, ASIC discuss expert report failings
28 October 2024
The Australian Consumers Insurance Lobby has held talks with the financial services regulator about the use of expert reports, as the parliamentary floods inquiry calls for greater oversight...
Hazards commission eyes reform after disaster review
28 October 2024
The Natural Hazards Commission Toka Tu Ake will make changes in response to an independent review of claims handling it commissioned following New Zealand’s North Island weather catastrophes...
Flood inquiry condemns ‘collective failure’
21 October 2024
The parliamentary floods inquiry has recommended reforms to ensure “the negative impacts of the next flood event or natural disaster are not further compounded by insurers’ poor claims and complaints handling”...
Strata concerns threaten entire industry’s reputation: AFCA
21 October 2024
Recent scrutiny of “appalling conflicts” in strata insurance will affect all brokers, the Australian Financial Complaints Authority has warned today...
NIBA Convention opens with street party, speeches
21 October 2024
Hundreds of delegates enjoyed a street-party welcome last night as the National Insurance Brokers Association Convention got under way in style in Adelaide...
In Insurance News magazine this month
21 October 2024
Our annual wellness survey makes the cover of the latest Insurance News magazine, and it’s a fascinating read...
‘Flood pool now’: Canadan industry’s bid to solve a very Australian problem
21 October 2024
Canadian insurers are pressing their government to finalise the introduction of a national flood cover program amid rises in severe weather losses that have paralleled the Australian experience...
Vero experts to examine benefits of collaboration in claims
21 October 2024
Experts from Vero and McLardy McShane will feature at the Insurance News Enhancing Collaboration in Claims Management webinar next month...
Industry presses PMs to address extreme weather threat
21 October 2024
The Insurance Council of Australia and its peers in the UK, Canada and New Zealand have urged British Commonwealth leaders to tackle worsening extreme weather challenges facing the bloc’s communities...
‘Positive sign’: industry finally stems losses in householders line
14 October 2024
The industry’s householders segment made an insurance service profit of $534 million in the June quarter and general insurers combined for an overall insurance service profit of $2.22 billion, prudential data released today shows...
Catastrophe season under way as experts predict stronger cyclones
14 October 2024
About 90% of catastrophe losses over the past decade have taken place between October and April, the Insurance Council of Australia warns today, as it urges residents and businesses to prepare for storm and bushfire threats...
Insurance News cyber seminar to tackle industry challenges
14 October 2024
Early bird tickets are now on sale for a half-day Insurance News seminar that will address trends and challenges in cyber cover...
Liability insurers await final word on building defects row
14 October 2024
A looming court decision on a residential building defect dispute could have implications for construction liability insurers, according to law firms following the case...
QBE data reveals extreme weather impact on schools
14 October 2024
Storms, floods and fires have accounted for more than 78% of school property insurance claims over the past decade, according to data from QBE...
Warning over ‘NRMA Insurance’ scam emails
14 October 2024
NRMA Insurance has warned of a scam involving an email purportedly from the insurer offering the chance to win a “car emergency kit”...
ICA urges industry to take ‘nature-positive’ action
14 October 2024
The Insurance Council of Australia has championed “nature-positive insurance” as a way of promoting long-term climate resilience...
Strata commission ban risks ‘unintended consequences’
07 October 2024
NSW’s proposed ban on strata insurance commissions could result in small schemes paying more for cover and some strata managers going under, industry sources have warned...
‘Message to the industry’ as AAI penalised for discount failings
07 October 2024
New Zealand’s High Court has imposed a $NZ6.175 million ($5.59 million) penalty on AA Insurance for failing to apply multi-policy and membership discounts and guaranteed no-claims bonuses, and has warned financial services businesses must be held to high standards...
Dunedin ends state of emergency after floods
07 October 2024
New Zealand’s Dunedin City Council has lifted a state of emergency after torrential rain last week caused severe flooding and landslides...