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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...

Progress made but more work needed on disaster responses: Deloitte

Mon, 24 Feb 2025 04:34:43 GMT

Insurers have made mixed progress acting on Deloitte’s recommendations to improve catastrophe responses, with more work required in several areas, an update report released today says...

Cyclone intensifies east of Queensland

Mon, 24 Feb 2025 04:34:31 GMT

Cyclone Alfred has formed in the northern Coral Sea and could track towards the Queensland coast next weekend, the Bureau of Meteorology says...

Coverage gap poses credit loss threat, banks warned

Mon, 24 Feb 2025 03:47:16 GMT

Soaring home and contents insurance premiums are a “blind spot” for banks, exposing mortgage lenders to hundreds of millions of dollars in risk, S&P Global Ratings says...

Insurer ordered to restore policy after cancellation mix-up

Mon, 24 Feb 2025 03:35:44 GMT

IAG has been told to reinstate a disability pensioner’s vehicle policy after it sent a cancellation notice by post and not email...

‘Not helpful’: brokers rail against Dutton’s divestment warning

Mon, 24 Feb 2025 03:18:53 GMT

Brokers have continued to criticise Opposition Leader Peter Dutton’s threat to break up large insurance companies to increase competition and bring premiums down...

Pilbara agencies to receive Zelia repair funds

Mon, 24 Feb 2025 03:18:13 GMT

Government agencies have submitted almost 40 damage reports to the Insurance Commission of WA after Cyclone Zelia struck on February 14...

Fels backs break-up ‘deterrent’ after Dutton threatens market intervention

Mon, 17 Feb 2025 04:09:57 GMT

Former Australian Competition and Consumer Commission chair Allan Fels says the nation needs a divestiture power, after Opposition Leader Peter Dutton threatened to “intervene” in insurance to tackle soaring premiums...

Queensland floods claim tally passes 7000

Mon, 17 Feb 2025 04:04:50 GMT

There have been 7107 claims lodged since flooding began in north Queensland on January 29, the Insurance Council of Australia says...

‘Lucky escape’ as cyclone misses WA towns

Mon, 17 Feb 2025 04:00:34 GMT

Insurers do not expect large numbers of claims after Tropical Cyclone Zelia crossed the north WA coast at category 4 on Friday, before weakening to a tropical low...

In Insurance News magazine this month

Mon, 17 Feb 2025 04:00:18 GMT

“Could it happen here?” is the question posed on the front page of the latest Insurance News magazine, as we assess the devastating LA fires...

Smash repair industry seeks feedback on revamped code

Mon, 17 Feb 2025 04:00:07 GMT

Consultation will start next month on proposed changes to the Motor Vehicle Insurance and Repair Industry Code of Conduct...

NZ travellers warned against costly visa mistakes

Mon, 17 Feb 2025 03:59:50 GMT

The New Zealand insurance ombudsman has warned travellers to be mindful of overseas entry requirements after a rise in disputes concerning missing or incorrect documents...

Climate-driven premium surges ‘drive cost-of-living crisis’

Mon, 17 Feb 2025 03:59:36 GMT

Insurance, food and energy have accounted for more than one-fifth of consumer price inflation since 2022, according to an Australia Institute report highlighting the connection between climate impacts and living costs...