New Zealand’s Northland flood losses climb
14 September 2020
Insurance claim payments for New Zealand’s July floods in Northland have reached $NZ37 million, surpassing losses from severe weather that hit the country’s south earlier this year...
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Kaikoura quake liquefaction spurs research
14 September 2020
New Zealand’s Earthquake Commission is funding research into liquefaction of soils after the Kaikoura earthquake showed the phenomena could have more widespread impacts than previously thought...
NSW Appeal Court to hear expedited BI test case
07 September 2020
The Insurance Council of Australia business interruption test case will go straight to the NSW Court of Appeal following a joint motion by legal counsels on Friday...
BI lawsuit against Chubb and other insurers set for first hearing
07 September 2020
The Federal Court will tomorrow hold its first case management hearing into a business interruption lawsuit launched by The Star Entertainment Group against Chubb and other insurers...
ICA continues to push mitigation projects
07 September 2020
The Insurance Council of Australia says it is continuing to work with governments on mitigation priorities identified through the analysis of hazard and premium data...
Resilience inspection program sees rising take-up
07 September 2020
The federally funded North Queensland Strata Title Inspection Program offering free assessments of a property’s resilience against cyclone risks has seen a jump in interest, according to Program Manager Patrick Driscoll...
Canterbury quakes spur decade of scientific advances
07 September 2020
An Earthquake Commission paper on scientific advances in the decade since the Canterbury catastrophe says improvements in seismic knowledge and geoscience discoveries will help the country prepare for future events...
Insurance bounces back with $1 billion quarterly profit
31 August 2020
Australia’s general insurance industry is back in the black, recording $1 billion in net profit after tax in the June quarter as domestic motor underwriting profits and a rebound in investment income supported earnings...
BI test case could go straight to appeal court
31 August 2020
The COVID-19 business interruption test case could head straight to the NSW Court of Appeal, insuranceNEWS.com.au understands...
Victoria sued for negligence in hotel quarantine program
31 August 2020
Business owners have filed a class action against Victoria, accusing the state and key ministers in the Andrews Government of “negligence” in relation to the botched hotel quarantine program that led to the stage four lockdown in Melbourne and restrictions in regional areas...
Queensland fire risks rise as rains awaited
31 August 2020
Queensland faces above-normal fire potential this spring in some areas if expected rainfall fails to alleviate dry conditions, the Bushfire and Natural Hazards Co-operative Research Centre says...
Blockchain ‘could provide solution’ to insurance fraud
31 August 2020
Blockchain could cut insurance fraud in Australia, according to experts, but only if insurers are prepared to work together...
SME insurance inquiry to examine survey responses
31 August 2020
The Australian Small Business and Family Enterprise Ombudsman has received more than 800 survey responses and 20 submissions from industry stakeholders as part of its inquiry into insurance...
Black Summer: more than 70% of claims paid despite COVID
31 August 2020
Last summer’s bushfires, floods and hailstorms resulted in claims totalling $5.4 billion, with more than 70% already paid...
Motor set for low growth after this year’s COVID hit
31 August 2020
Australia’s motor insurance market is facing an extended period of low growth after an expected 4.4% contraction this year as the coronavirus outbreak exacerbates existing weakness, UK-based analytics group GlobalData says...
NZ insurers pay out $10 million for June tornado
31 August 2020
New Zealand insurers have paid $NZ10.8 million to meet claims following a tornado and storm that ripped through the upper North Island in late June, preliminary figures from the Insurance Council of New Zealand show...
Commodore tops Queensland car thief hitlist
31 August 2020
The Holden Commodore was Queensland’s most stolen car for a second year, closely followed by the Toyota Landcruiser...
Wider change needed for digital benefits
24 August 2020
A surge in digital transformation efforts by companies following the COVID-19 outbreak requires a wider rethinking of processes to be fully successful, professional services firm Genpact says...
Victoria adds assessing to list of permitted onsite work activity
24 August 2020
Assessors will be allowed onsite for safety or emergency reasons during the ongoing stage four lockdown in Melbourne, according to an update from the Insurance Council of Australia.
Flood fears rise as La Nina looms
24 August 2020
The Bureau of Meteorology says there is now a 70% chance of a flood-inducing La Nina weather system developing this year...