17 February 2020
A significant hardening of Australia’s insurance market threatens the viability of existing and proposed renewable energy projects, global broker Willis Towers Watson says...
17 February 2020
Governance is an issue growing in importance for insurance companies in the Asia-Pacific region and outweighs environmental risk, a new report from S&P says...
10 February 2020
Losses from a weekend of flooding and wild east coast weather have already reached $45 million, the Insurance Council of Australia said today as it declared its sixth catastrophe in five months...
10 February 2020
Bushfires and hailstorms during summer are set to have a significant impact on the profitability of domestic and commercial property classes this year, JP Morgan and Taylor Fry say...
10 February 2020
Spring was Australia’s seventh consecutive season of extreme dryness and laid the foundation for this summer’s tragic bushfire crisis, the latest Australian Actuaries Climate Index reveals...
10 February 2020
Insurers have strongly rejected accusations from Choice that the industry uses “loose and complicated” wordings to define fire cover in home policies...
10 February 2020
Suncorp must pay a motor insurance customer $11,100 after the insurer was found liable for the cost of a burned Toyota RAV4 that was comprehensively insured...
03 February 2020
Bushfire conditions deteriorated again in the ACT and NSW over the weekend, leading to the loss of more homes...
03 February 2020
Losses from hailstorms that hit the ACT, Victoria and NSW last month are set to continue rising as claims are still being lodged...
03 February 2020
Insurance Council of Australia CEO Rob Whelan will leave the industry body to explore “new roles and opportunities”...
03 February 2020
The local insurance industry has warned that “broad exclusions normally apply” to pandemics and epidemics such as the current coronavirus outbreak...
03 February 2020
The hardening insurance market is unlikely to peak until late next year as underwriters continue to focus on improving profitability, Honan Insurance Group says...
03 February 2020
The Insurance Council of Australia hosted a forum in Townsville on Saturday for policyholders with unsettled claims, a year after the north Queensland city experienced a massive flood...
03 February 2020
Climate change and increasing weather volatility is now ranked ahead of market developments and business interruption in Allianz Global Corporate and Specialty’s annual survey of the top risks facing the Australian insurance industry...
03 February 2020
CHU, Strata Community Insurance and Strata Unit Underwriters have again come out best in an annual ranking of commercial and residential products by independent analyst StrataRatings...
16 December 2019
This is the final Monday edition of insuranceNEWS.com.au for 2019, with our Daily update service continuing through to Friday. We will be back in action from Monday February 3...
16 December 2019
The eastern region stretching from north Queensland through to NSW and Victoria faces above-normal fire risk this summer, the Bushfire and Natural Hazards Cooperative Research Centre says in a report released today...
16 December 2019
The Building Ministers’ Forum concluded on Friday with an agreement to follow up on the professional indemnity insurance crisis but did not take up the Victorian Government’s call for a national reinsurance scheme...
16 December 2019
Overall return on equity for insurers will exceed 10% over the medium term, S&P Global Ratings has predicted in a moderately upbeat report on the industry’s outlook...
16 December 2019
Premium rates are set to continue rising as insurers also battle rising claims costs, KPMG says in its annual review of the industry...