insuranceNEWS.com.au - All news

Liberty sells Thai, Vietnamese businesses

Mon, 03 Mar 2025 04:07:02 GMT

Liberty Mutual Insurance is selling operations in Thailand and Vietnam to Chubb as it focuses on other markets in the Asia-Pacific region...

INsight feature: in-depth podcast focuses on insurtech

Mon, 03 Mar 2025 03:47:51 GMT

A special feature Insurance News podcast delves into key trends, opportunities and challenges in insurtech...

Cyclone pool coverage tops 3 million buildings

Mon, 03 Mar 2025 03:45:10 GMT

The cyclone reinsurance pool provides cover for 3.1 million buildings with a total exposure of almost $2.17 trillion, a quarterly report shows...

Workers’ comp scammer forced to repay $114k

Mon, 03 Mar 2025 03:44:59 GMT

A Victorian man who took a $200,000-a-year business manager role while receiving $114,952 in workers’ compensation has been convicted of fraud and told to repay the money...

CBL finance head breached disclosure laws

Mon, 03 Mar 2025 03:44:33 GMT

Former CBL Group CFO Carden Mulholland breached market continuous disclosure laws, New Zealand’s High Court has found in a landmark decision...

ARPC reduces terror retrocession

Mon, 03 Mar 2025 03:44:18 GMT

The Australian Reinsurance Pool Corporation has reduced its terrorism retrocession program for this year, partly reflecting risk assessment changes...

Drone sniffs out danger at fire sites

Mon, 03 Mar 2025 03:44:02 GMT

Fire and Rescue NSW has launched drones that can “smell” fire...

Warning as cyclone tipped to head for southeast Queensland

Mon, 03 Mar 2025 03:43:25 GMT

Tropical Cyclone Alfred is expected to make a sharp westward turn towards southern Queensland tomorrow and could cross the densely populated region’s coastline as early as Thursday, the Bureau of Meteorology says...

$30 billion flood fund tops ICA’s election wish list

Mon, 03 Mar 2025 03:43:16 GMT

The Insurance Council of Australia has released its federal election platform, flagging 16 ways the next government could act to bring down premiums...

Householders segment maintains positive run

Mon, 03 Mar 2025 03:43:05 GMT

The householders class of general insurance secured a third straight period of positive results in the December quarter, according to Australian Prudential Regulation Authority data...

Long way to go on disaster responses: consumer group

Mon, 03 Mar 2025 03:42:47 GMT

Insurers still have plenty of work to do improving claim handling, which raises concerns over implications for the next major catastrophe, the Consumer Action Law Centre says...

Australia first for education in resilience rankings

Mon, 03 Mar 2025 03:41:58 GMT

Australia has ranked No.1 for education for the first time in FM Global’s annual resilience index, which scores 130 countries and regions across 18 measures...

Hazards commission hails year of progress on NZ risk reduction

Mon, 03 Mar 2025 03:41:40 GMT

New Zealand’s Natural Hazards Commission says more than $NZ10 million ($9 million) was invested last year in research, advocacy and public education, including the launch of Design Resilience NZ...

Kiwis want government to lead on climate risk: ICNZ

Mon, 03 Mar 2025 03:41:25 GMT

Almost half of all New Zealanders want more government investment in climate resilience, a new survey has found...

Grant scheme to bolster Queensland coastal defences

Mon, 03 Mar 2025 03:41:12 GMT

The Queensland government has launched a $6 million fund for coastal councils to protect against ocean-driven erosion, storm tide inundation and rising sea levels...

Industry profit collapses as investments, underwriting earnings drop

Mon, 03 Mar 2025 03:39:35 GMT

The life industry suffered a weak December quarter as investment returns plunged and key risk products delivered lower underwriting earnings...

ClearView reprices legacy products after earnings slide

Mon, 03 Mar 2025 03:39:19 GMT

ClearView Wealth has posted weaker first-half-earnings and says repricing of its LifeSolutions product is a focus after the legacy portfolio caused a claims loss in the first quarter...

Acenda names inaugural chair

Mon, 03 Mar 2025 03:38:55 GMT

MLC Life Insurance independent non-executive director Craig Dunn has been appointed chair of Acenda...

Former CBA exec to head TAL board

Mon, 03 Mar 2025 03:38:41 GMT

TAL has named former Commonwealth Bank deputy CEO David Cohen as its new chair, with former Actuaries Institute president Annette King also joining the board...

Insurers back APRA consultation on annuity products

Mon, 03 Mar 2025 03:38:21 GMT

The Australian Prudential Regulation Authority will hold a public consultation in the second quarter of this year on capital settings for annuity products...