Cyclone Veronica threatens ‘major flooding’ in west
25 March 2019
Tropical Cyclone Veronica has been downgraded to Category 2, but the slow-moving storm threatens to bring floods as it tracks west close to WA’s Pilbara coast today…
Local
El Nino risk soars as Pacific warms
25 March 2019
The Bureau of Meteorology says the chance of an El Nino developing this year has risen to 70%, triple the normal likelihood…
Queensland MP Entsch slams ICA flood report
25 March 2019
Federal MP Warren Entsch has labelled the Insurance Council of Australia “opportunistic” over its push for more funding of mitigation programs…
Melbourne gets fintech – but insurtech stays in Sydney
25 March 2019
Fintech Australia will relocate its headquarters from Sydney to Melbourne’s Victorian Innovation Hub in Docklands – but its insurtech division is staying put in Sydney…
Buildings crisis will take years to resolve: Sedgwick
25 March 2019
The building industry crisis exposed by the Lacrosse apartment fire is tipped to take years to resolve as issues from past failures continue to emerge…
Insurance cases to the fore in ‘busy’ start for AFCA
25 March 2019
Disputes with general insurers accounted for 22% of the 23,681 cases the Australian Financial Complaints Authority received in the four months from its launch last November…
AFCA expands consumer advisory panel
25 March 2019
The Australian Financial Complaints Authority has established an expanded consumer advisory panel…
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…