AFCA expands consumer advisory panel
25 March 2019
The Australian Financial Complaints Authority has established an expanded consumer advisory panel…
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FM Global flags cyclone risk to solar power sites
25 March 2019
Present guidelines and regulations are insufficient to ensure the building of commercial solar farms that can withstand powerful cyclones, mutual insurer FM Global says…
Insurers waive terror exclusions after Christchurch attack
25 March 2019
New Zealand insurers have waived terrorism exclusions for claims arising from the attack on two Christchurch mosques, as the country prepares for a national remembrance service this week…
EQC pays Dunedin landslip claims
25 March 2019
New Zealand’s Earthquake Commission has settled claims lodged by eight St Clair property owners following a landslide last year…
Relocating flood-prone towns a ‘last resort’
25 March 2019
Moving flood-hit communities to higher ground should be considered only as a “last-ditch” solution, the Insurance Council of Australia says…
Technology trend ‘increasingly urgent’ for brokers
18 March 2019
Growing revenues and healthy margins mean broking businesses are prospering, but they are increasingly worried about technology and preparing for the future, a new Macquarie Bank report says…
Consumers seek review after IAG’s Wellington pullback
18 March 2019
Consumer advocates have called for a wider review of the role played by New Zealand’s government-owned Earthquake Commission after IAG announced it is taking a more conservative approach to home and contents cover in Wellington…
Townsville braces for king tide flood as losses pass $1 billion
18 March 2019
A king tide could cause further flooding in Townsville tomorrow as the north Queensland city struggles to recover from last month’s devastating rainfall…
FNQ faces heavy rain as Cyclone Trevor gathers pace
18 March 2019
Cyclone Trevor is forecast to bring heavy rainfall and potential flash flooding across Far North Queensland over the next few days…
ICA hits back at ‘scaremongering’ climate risk analysis
18 March 2019
A climate research group’s suggestion that many homes may become too risky to insure because of climate change has been criticised by the Insurance Council of Australia as “scaremongering”…
In Insurance News magazine this month
18 March 2019
Yet another government agency’s report on insurance in northern Australia comes under the Insurance News microscope, with the devastating Townsville floods demonstrating one inescapable truth – the north is far more prone to natural catastrophes than the southern regions, and that’s why property cover costs more…
Climate Index confirms extreme heat on the rise
18 March 2019
The frequency of hot days in recent winters and springs has exceeded historical levels, according to the Actuaries Institute’s Climate Index…
NMVTRC cheers Queensland’s return
18 March 2019
Queensland’s decision to rejoin the National Motor Vehicle Theft Reduction Council has been welcomed by CEO Geoff Hughes and industry stakeholders…
Queensland reacts to spike in vehicle thefts
18 March 2019
Motor vehicle theft numbers in Queensland were 48% higher last year than four years ago…
Lloyd’s ‘open for business’ despite capacity crackdown
11 March 2019
Lloyd’s says it is “open for business” in Australia, despite market concerns that securing capacity is becoming a challenge…
Intermediary premium climbs past $11 billion
11 March 2019
Insurance intermediaries placed $11.5 billion of premium in the December half, new Australian Prudential Regulation Authority data shows…
Victorian fires added to growing catastrophe list
11 March 2019
Bushfires in southeast Victoria over the past week have destroyed at least 31 houses and damaged another 70 structures…
Clamour grows for building industry royal commission
11 March 2019
A building industry reform group has written to Prime Minister Scott Morrison urging a royal commission to restore public trust in Australia’s “broken’ construction sector…
PI ‘crisis’ as insurers retreat from cladding risk
11 March 2019
Insurers are pulling back from exclusion-free professional indemnity cover for building surveyors and fire engineers, sparking fears the construction industry could “grind to a halt”…
Canberra told to ‘scale up’ climate change preparations
11 March 2019
The Federal Government has been urged to overhaul its disaster resilience strategy as climate change causes a rise in “concurrent extreme weather events and events that follow in closer succession”…