Online calculators responsible for underinsurance: surveyor
04 November 2019
Popular online insurance calculators are causing people to underinsure their homes by hundreds of thousands of dollars, a surveyor claims...
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ICA makes field trip to drought-hit Tamworth
04 November 2019
The Insurance Council of Australia has visited farmers near Tamworth in NSW to better understand how they are dealing with the drought...
Ever-changing virus threatens businesses
04 November 2019
Companies are being warned against a powerful regenerating email virus called Emotet...
Perils adds New Zealand to cat coverage
04 November 2019
Catastrophe data company Perils has expanded its coverage to include New Zealand...
Brokers warned to take code compliance more seriously
28 October 2019
Brokers need to take their code of practice obligations more seriously given concerns about low levels of breach self-reporting, the code’s compliance committee has warned...
Financial lines set to stay in the red: Finity
28 October 2019
Double-digit rate rises are expected this financial year for directors’ and officers’ and professional indemnity but it won’t be enough to restore profitability to the troubled lines, according to Finity...
Queensland dominates climate change hotspots study
28 October 2019
Six of the 10 precincts in Australia most exposed to climate change-linked freakish weather events are in Queensland, according to a new study by consultancy Climate Risk...
Personal lines mutuals lead consumer survey
28 October 2019
Motoring association-owned personal lines mutual insurers have again dominated a Roy Morgan customer satisfaction survey, extending a trend seen in recent findings...
ICA restates case for raising Warragamba Dam
28 October 2019
Raising the wall of the Warragamba Dam in western Sydney is the “most effective means” of protecting the Hawkesbury Nepean community, according to Insurance Council of Australia GM Risk Karl Sullivan...
Mature market insurers look to emerging Asia
28 October 2019
Insurers in low-growth mature markets such as Australia are looking for opportunities in emerging economies including China and India, law firm Sparke Helmore says...
ICA appoints climate change committee leaders
28 October 2019
Kate Lyons, Suncorp’s Executive Manager, Reinsurance Strategy & Operations, has been appointed Chairman of the Climate Change Action Committee...
Thousands of Townsville claims still open
28 October 2019
More than 6500 insurance claims from the devastating February floods in Townsville are not finalised, and the Insurance Council of Australia will host consultations in the north Queensland city this week to assist policyholders...
NZ insurance market grows on natural hazards, construction
28 October 2019
High susceptibility to natural hazards and a spending boom in residential and infrastructure construction will inflate New Zealand’s general insurance market by more than $2 billion by 2023, analytics firm GlobalData estimates...
Industry gives thumbs-up to extra mitigation funding
21 October 2019
About $50 million from the Emergency Response Fund would be earmarked annually for mitigation works, a move the Insurance Council of Australia has called “a leap in the right direction”...
ICA chief issues climate change warning
21 October 2019
Climate change could lead to parts of the country becoming uninsurable, Insurance Council of Australia President Richard Enthoven has warned...
Dual 'deeply saddened' by Gonzalez fraud
21 October 2019
Dual Asia Pacific CEO Damien Coates has spoken of his sadness after former claims manager Josie Gonzalez and her husband were given significant jail terms for a $17 million fraud – but also his relief that the six-year ordeal is over...
Anti-Adani protesters take campaign to Lloyd's
21 October 2019
Lloyd’s has confirmed it is “not involved currently in any way” with the Adani coal mine after activists against the central Queensland project staged a peaceful protest at its Sydney office last week...
AFCA sees 36% rise in disputes
21 October 2019
The Australian Financial Complaints Authority has received more than 66,000 disputes involving insurance and other financial services providers in its first 11 months of operations...
Queensland court rules against ordering insurance disclosure
21 October 2019
The Queensland Supreme Court has ruled against forcing the disclosure of insurance policy details in a class action case after rulings in previous disputes pointing to the practice becoming more common...
Fintechs aiming for growth
21 October 2019
Australia’s fintechs have set ambitious growth targets despite a tightening in funding availability, a new study has found...