22 April 2024
The Australian Consumers Insurance Lobby says a focus on “overarching principles rather than intricate definitions” is important for policy clarity, as a Treasury consultation considers standardising more natural hazard terms...
22 April 2024
The Bureau of Meteorology says El Nino has ended and Pacific Ocean conditions have returned to neutral, and it has urged caution around predictions of La Nina – associated with increased flood risk – developing later this year...
15 April 2024
Consumer groups have called on the Federal Government to establish an independent panel to lead reforms on standard terms and an effective standard cover regime...
15 April 2024
Evidence presented in Lismore last week around insurance claims handling after the 2022 floods was “very concerning” and revealed “things we need to strengthen regulatory arrangements around”, federal MP Daniel Mulino says...
15 April 2024
The Insurance Council of Australia has provided a claims update on the post-Easter storm in NSW...
15 April 2024
There is growing concern about the dangers of lithium-ion battery fires, and the impact they could have on insurance. The batteries may be powering a host of new technologies, but our Insurance News magazine cover story explores their explosive downside...
15 April 2024
The Australian Consumers Insurance Lobby has called on the industry to support its Queensland pre-election campaign pressing for stamp duty reforms...
08 April 2024
The Albanese Government is working to resolve “as soon as possible” wordings in a bill before the House of Representatives that could mean the end of insurance commissions for brokers that offer general advice...
08 April 2024
Councils in NSW have been granted disaster assistance after floods damaged more than 60 homes in Greater Sydney and emergency services responded to more than 5000 incidents at the weekend...
08 April 2024
The Australian Financial Complaints Authority says the number of general insurance complaints soared 20% to 28,698 last year, and there’s no sign of the trend stopping...
08 April 2024
Insurance will be among the critical issues examined in a federal parliamentary inquiry into challenges faced by the country’s live music scene...
08 April 2024
The Australian Consumers Insurance Lobby is pressing Queensland politicians to commit to stamp duty reforms ahead of this year’s state election...
08 April 2024
Aon says insurers and government must consider innovative ways to address Australia’s high exposure to weather dangers...
25 March 2024
The Australian College of Strata Lawyers says it supports the introduction of reforms recommended by consultant John Trowbridge in his review of practices in the sector...
25 March 2024
Home policyholders with Suncorp and NRMA Insurance will be offered premium discounts if they use a federally funded bushfire resilience app to reduce their property’s risk exposure...
25 March 2024
A fitness centre in Melbourne’s eastern suburbs has failed to convince the Australian Financial Complaints Authority that its business interruption claim should be covered, after arguing that “a clear and unbroken chain of causation” linked local covid outbreaks to wider closure orders...
25 March 2024
Finance and insurance SMEs have a better grasp of artificial intelligence and are more open to using the technology than other industries, a NAB business insights survey has found...
25 March 2024
Former Tropical Cyclone Megan has brought heavy rainfall and flooding to the NT after crossing the Gulf of Carpentaria coastline last Monday at category three intensity...
25 March 2024
The Insurance Council of New Zealand will provide more detailed reporting relating to external dispute resolution to increase transparency for policyholders...
25 March 2024
Improvement in risks associated with politics, water stress and fire have moved Australia up two notches on the annual FM Global Resilience Index...