Quake experts monitoring ‘hum’ of geological fault
15 July 2024
A group of New Zealand earthquake scientists are listening to the “hum of the Earth” while examining seismic hazards on the Paeroa Fault...
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Experts call for National Relocation Authority
08 July 2024
A national authority is needed to “spearhead” the relocation of hundreds of thousands of high-risk homes, a group of academics say in a new report...
Home contents values rise again, but rate slows
08 July 2024
The replacement cost for the contents of an average Australian home has increased 2.7% in the past year, slowing from a 5.4% gain the previous year, specialist firm Sum Insured says...
SCA's youngest president steps up at ‘pivotal time’
08 July 2024
Strata Community Association Australasia has elected Joshua Baldwin as president, replacing the outgoing Chris Duggan...
Glowing report card for NZ claim dispute scheme
08 July 2024
New Zealand’s Insurance & Financial Services Ombudsman Scheme has won praise in its latest independent review...
Travellers warned on alcohol exclusions after sobering survey
08 July 2024
Holidaymakers have been urged to read their insurance policies and be aware of their coverage before this month’s busy travel season...
Code review submissions published
01 July 2024
Submissions on phase one of the review of the General Insurance Code of Practice have been published online as a panel prepares to release its first report...
‘Mid-tier’ insurers meet Canberra decision-makers
01 July 2024
Insurers met Assistant Treasurer and Financial Services Minister Stephen Jones and other MPs last week as part of discussions between industry and government on critical issues such as affordability and increasing regulatory demands...
Strata group appoints complaints committee head
01 July 2024
The Strata Community Association of Australasia has named Stephen Phillips as independent chair of its Professional Standards and Membership Board Advisory Group, tasked with handling complaints against SCA members...
Melburnians air ‘heartbreaking’ insurance woes at council meeting
01 July 2024
Maribyrnong City Council held a community session last Thursday for western Melbourne residents affected by the October 2022 flood...
Food makers exposed as disruption risk evolves
01 July 2024
Business interruption is considered the biggest threat by half of all food and beverage makers, yet companies are leaving themselves exposed to financial losses, a WTW survey shows...
ICA welcomes commitment on construction resilience
24 June 2024
Commonwealth, state and territory building ministers have agreed to make climate resilience a specific objective of the Australian Building Codes Board from next year...
Worst P&C pressures easing, ratings agency says
24 June 2024
Impacts from elevated catastrophe losses, claims inflation and reinsurance cost increases have reduced for Australian property and casualty insurers, S&P Global Ratings says...
Mental health surge not priced into workers’ comp: Macquarie
24 June 2024
Workers’ compensation changes in WA that introduce rules on managing psychosocial hazards have highlighted pricing risks from increasing mental health claims in the sector, Macquarie Equity Research says...
NRMA, motoring clubs among most trusted insurance brands
24 June 2024
IAG-owned NRMA is the most trusted insurance brand, placing ninth in a muti-industry top 20, according to market research group Roy Morgan...
‘Basin effect’ study looks to shake up quake modelling
24 June 2024
Researchers in New Zealand aim to create 3D simulations that will transform earthquake modelling for sedimentary basins...
ICA backs code vulnerability changes, flexible claim time frames
17 June 2024
The Insurance Council of Australia’s submission to the code of practice review supports changes around financial hardship provisions and vulnerability, while seeking more flexibility on providing claims updates...
Risk Frontiers engineer calls for quake model overhaul
17 June 2024
The loss estimation accuracy of earthquake catastrophe models can be increased by incorporating buildings’ structural details, engineer Behnam Beheshtian says...
Insurance spending holds up as consumers find other cuts
17 June 2024
Australians are holding onto essentials such as home insurance but cutting discretionary spending, according to CommBank...
Farms face exclusions around bird flu outbreaks
17 June 2024
Poultry producers affected by the worsening outbreak of bird flu will not be covered by typical farm insurance policies given virus and disease exclusions, LMI Group founder Allan Manning says...