22 October 2018
What does the Hayne Royal Commission have in store for the general insurance industry? Insurance News magazine has analysed the royal commission’s hearings to date and spoken to experts who believe the shock that’s coming will be based on tougher regulation rather than a pile of new legislation…
15 October 2018
The risk of heatwaves and bushfire weather in southern Australia has increased, with the Bureau of Meteorology issuing an El Nino alert…
15 October 2018
Legal firm Maurice Blackburn has welcomed reports of Federal Government discussions about the risks of silicosis in the stonemason industry at last week’s Council of Australian Governments meeting…
15 October 2018
The Insurance Council of Australia has supported a NSW parliamentary bill that would remove a regulatory barrier to extending the Warragamba Dam wall…
15 October 2018
Queensland residents, business owners and farmers suffered damage from huge hailstones as storms raged across the state last week – but the insurance bill will be relatively low…
15 October 2018
The looming bushfire season has brought together insurers, firefighters and weather experts to achieve greater understanding of the industry’s catastrophe response mechanisms…
08 October 2018
Suncorp has defended its handling of Wye River and Hunter Valley catastrophe claims after the Hayne royal commission suggested misconduct and behaviour below community expectations…
08 October 2018
Australia can expect a below-average tropical cyclone season, the Bureau of Meteorology says in its annual outlook released today…
08 October 2018
The new National Centre for Flood Research held an inaugural symposium last week with representatives from local councils in Queensland and NSW, Bureau of Meteorology experts, scientists and community flood impact groups…
08 October 2018
The discovery of needles inside strawberries has highlighted increasing food recall risks facing producers and other parts of the supply chain, Swiss Re Corporate Solutions says…
08 October 2018
Accenture has opened its Innovation Centre for Risk and Compliance in Sydney, which is aimed at supporting the financial services sector, including insurers…
08 October 2018
Increased co-operation with banks and financial organisations has produced a 143% leap in reported cyber incidents, according to computer emergency response body CERT New Zealand’s second-quarter report…
08 October 2018
The Insurance Council of Australia has warned consumers about an email scam that suggests it is offering refunds worth nearly $500 for vehicle policy overpayments…
01 October 2018
The Insurance Council of Australia is preparing its response to the Hayne royal commission’s “policy questions” document, which was published last week following the insurance round of hearings…
01 October 2018
Brokers are looking at other options if they feel client needs are not being met by major insurers, according to an Austbrokers & IBNA Member Services report…
01 October 2018
Reasonable economic growth and premium rate increases mean underwriting profits for Australian property and casualty insurers are likely to be sound this year and next, a new report by S&P says…
01 October 2018
Insurers paid $2.08 billion in claims for professional indemnity and public and product liability classes of businesses last year, up 23.6% from 2016, the Australian Prudential Regulation Authority says…
01 October 2018
The possibility of an El Nino weather effect developing this year is reducing, but the chances of a positive Indian Ocean Dipole are rising…
01 October 2018
Former New Zealand Finance Minister and Deputy Prime Minister Michael Cullen has been appointed Chairman of the Earthquake Commission (EQC) as it faces the tasks of rebuilding funds, wrapping up Christchurch claims and planning for more extreme weather events…
24 September 2018
Four general insurers face possible misconduct findings after appearing before the Hayne royal commission last week…