New Risk Frontiers list reveals cat-prone postcodes
04 November 2019
Bundaberg has the country’s largest exposure to financial losses linked to natural catastrophes, according to natural hazards research centre Risk Frontiers...
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ICA board approves new code
04 November 2019
The Insurance Council of Australia board has approved its new General Insurance Code of Practice after an extensive review...
PI stalemate has surveyors on the brink
04 November 2019
Surveyors fear they may be forced into closure as the professional indemnity stand-off shows no signs of easing...
Dransfield pledges to 'embrace reform' as ICA President
04 November 2019
Incoming Insurance Council of Australia (ICA) President Gary Dransfield says he’s honoured to take up the role during a “critical time for our industry”...
Attorney-General sees 'clear need' for class action reform
04 November 2019
Federal Attorney-General Christian Porter says there is a clear need for reform on class actions and he is “actively engaging” over issues raised by a Government inquiry earlier this year...
Defence faces new class action over chemical contamination
04 November 2019
Another class action will soon be launched against the Department of Defence over synthetic chemicals that leaked from military sites into surrounding areas, including residential properties...
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...
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”...