02 December 2019
Summer is likely to start off hot and dry, with much of eastern Australia gripped by the same climate influences that gave us a warmer and drier than average spring, the Bureau of Meteorology predicts...
02 December 2019
Global law firm Clyde & Co today flagged parametric insurance as a key risk management tool that could help protect the Great Barrier Reef from long-term climate change effects...
02 December 2019
Swimming pool owners are being urged to check their liability insurance before they take advantage of a new sharing economy app called Swimply which is being dubbed the “Airbnb of swimming pools”...
02 December 2019
NRMA Insurance has settled a case lodged by a child sex offender who successfully claimed the insurer “discriminated” against him when it refused him insurance because of his criminal record...
02 December 2019
CommInsure has no grounds to decline a claim from a complainant who did not disclose her partner and co-policyholder has a criminal record, the Australian Financial Complaints Authority has ruled...
02 December 2019
Lloyd’s must contribute equally to a $1.025 million injury payout that Allianz made to a road worker who was hit by a car when he was on duty...
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...