17 August 2020
The Insurance Council of Australia’s Climate Change Action Committee is seeking tender responses by September 4 for a project to increase understanding of expected rising risks from “actions of the sea”...
17 August 2020
A class action filed over climate change risks related to Federal Government bonds highlights the rising threat of legal proceedings against directors and managers of private companies, lawyers say...
17 August 2020
An east coast low which hit Queensland and NSW in February caused insured property losses of $958 million, catastrophe data company Perils says...
17 August 2020
A Victorian County Court proceeding brought by Australian fast bowler Mitchell Starc over a disputed claim has been dismissed after an in-principle settlement with underwriters at Lloyd’s...
10 August 2020
The industry is pressing the Victorian Government to include in its business guidance a definition of critical insurance services that can still be provided during the current stage four lockdown...
10 August 2020
NSW coastal regions have been hit by torrential rainfall, flooding similar to levels three decades ago and power outages as a severe weather system has moved northward...
10 August 2020
The Small Business and Family Enterprise Ombudsman Kate Carnell says the public response to an insurance inquiry announced by her office two weeks ago has been “overwhelming”...
10 August 2020
Property & Casualty insurance premiums in New Zealand are likely to bounce back to grow 6% next year and in 2022, S&P says...
10 August 2020
Data extortion is on the rise in Australia and globally, according to cyber specialist CFC Underwriting...
10 August 2020
Actuarial science start-up Montoux and health technology firm People Diagnostix have won this year’s DXC Invitational insurtech competition...
10 August 2020
New Zealand insurers have paid $NZ29.6 million to meet losses from the February floods in Southland, Fiordland and Clutha...
03 August 2020
A business interruption test case will be held in “a superior court” to rule on matters relating to COVID-19 shutdowns...
03 August 2020
Insurers are likely to step up their strategies for working with insurtechs as issues highlighted by the COVID-19 outbreak accelerate interest in partnerships, Insurtech Australia CEO Rita Yates says...
03 August 2020
The Australian Small Business and Family Enterprise Ombudsman has called an inquiry to investigate insurance practices and cover availability after receiving complaints about policy denials and soaring prices...
03 August 2020
Westpac GM Insurance Sue Houghton will serve as Insurance Council of Australia President through to the end of next year, the board said last week...
03 August 2020
The insurance industry is increasingly being targeted by data thieves, according to the latest data breaches report from the Office of the Australian Information Commissioner...
03 August 2020
An independent insurance price monitor should be established to see that Australians in disaster-prone areas can insure and be more resilient, climate experts say...
03 August 2020
Almost two-thirds of Australian insurers expect more legal and regulatory oversight as a result of COVID-19, a survey of insurance executives has found...
03 August 2020
Businesses in Australia must take proactive steps to strengthen the resilience of their facilities in flood-affected regions or risk long-term damage to the value of their operations, FM Global says...
03 August 2020
Many social, economic and institutional factors contribute to a community’s disaster resilience, and what works in one location won’t necessarily work elsewhere...