02 December 2019
Insurers in Australia and globally are under pressure to more clearly define whether so-called “silent cyber” risks fall under traditional property and casualty policies, according to Aon...
02 December 2019
Victoria’s construction industry wants the state Government to suspend prosecuting builders for installing flammable cladding in a bid to encourage voluntary reporting of affected properties...
02 December 2019
Australia’s small-and-medium enterprises, including insurers, are losing out on sizable untapped revenue from cross-border trade due to poor confidence in managing exchange rates, a new survey finds...
25 November 2019
The Queensland Government has called for more information and broader consultation on the proposed cyclone reinsurance pool to be explored by the Federal Treasury and the insurance industry...
25 November 2019
The Federal Government should consider setting up a cyber reinsurance pool to “improve confidence” in the market, according to Risk Frontiers...
25 November 2019
Insured losses from the NSW and Queensland bushfire catastrophe have increased to $165 million from 1525 claims lodged with insurers, according to the Insurance Council of Australia..
25 November 2019
Insured losses from last week’s Sunshine Coast hailstorm have climbed to at least $120 million from more than 15,800 claims, according to the Insurance Council of Australia...
25 November 2019
Extreme weather is happening more often, and Australia’s most recent winter is consistent with US data showing June to August was the second warmest in 140 years for that season globally, the latest Australian Actuaries Climate Index reveals...
25 November 2019
The professional indemnity insurance market will collapse within the next 12 months unless the Federal Government steps in with a rescue package, surveyors have warned...
25 November 2019
The Australian Property Institute has announced a joint initiative to develop a professional standards scheme to cap the occupational liability of certifiers...
25 November 2019
Australia’s major lenders have been hit with large claims for compensation after years of selling near-worthless consumer credit insurance...
25 November 2019
New Zealand law firm Russell McVeagh and litigation funder IMF Bentham are investigating a product liability class action against the manufacturers of flammable cladding...
25 November 2019
New Zealand’s Earthquake Commission is encouraging owners of on-sold properties in Canterbury in need of repairs to apply promptly for government funding...
18 November 2019
The feasibility of a government-backed cyclone reinsurance pool will be examined as a possible measure to bring down premiums in northern Australia...
18 November 2019
The insurance industry has raised the loss estimates from the latest bushfire catastrophe in NSW and Queensland to $110 million as claims continue to pour in...
18 November 2019
Aviation clients are seeing soaring premiums, the crop insurance market is becoming more difficult amid drought, while natural peril and public liability costs are increasing, broker Gallagher says in a half-yearly market update...
18 November 2019
Commercial premium price increases in the Pacific region, where Australia is the largest market, rose 18.8% in the third quarter, as global gains accelerated, Marsh says...
18 November 2019
The head of strata insurer CHU has been named Financial Services and Insurance Executive of the Year...
18 November 2019
SMEs are turning to financial advisers, accountants and the internet for advice on insurance, ahead of using brokers with expertise in the area, a QBE report finds...
18 November 2019
Risky or “off the beaten track” destinations are attractive to 87% of Australians aspiring to travel overseas, research commissioned by the Department of Foreign Affairs and Trade and the Understand Insurance initiative shows...