insuranceNEWS.com.au - Local

Appeal planned against BI declassing

Mon, 16 Dec 2024 03:29:22 GMT

Law firm Gordon Legal says it will appeal against a Federal Court decision that means participants in planned class actions will instead have to pursue their cases individually...

Suncorp adds to calls for nature-based mitigation

Mon, 16 Dec 2024 03:29:10 GMT

Suncorp and Natural Hazards Research Australia say there is “growing urgency” to incorporate nature-positive solutions such as floodplain restoration and reef protection into disaster mitigation efforts...

Bureau ditches El Nino, La Nina watches and alerts

Mon, 16 Dec 2024 03:28:56 GMT

The Bureau of Meteorology will no longer issue fortnightly updates including La Nina and El Nino watches and alerts, or publish a dial showing swings between the climate drivers, as historical experience becomes a less reliable future indicator...

Sure flags underinsurance fears for cyclone-prone regions

Mon, 16 Dec 2024 03:28:36 GMT

Queensland underwriting agency Sure has warned of underinsurance in cyclone-prone areas after comparing levels of cover in different parts of the state...

NZ household premiums rise as reinsurance costs keep up pressure

Mon, 16 Dec 2024 03:28:25 GMT

New Zealand personal lines premiums gained 20% over the past year, fuelling calls from consumer advocates for more transparency on how prices are calculated, the NZ edition of Taylor Fry’s annual Radar report says...

Householders line maintains recovery in ‘best September quarter’

Mon, 09 Dec 2024 03:38:22 GMT

The industry booked an insurance service profit of $2.21 billion and after-tax profit of $2.08 billion in the September quarter, up from $2.18 billion and $1.54 billion in the preceding quarter, prudential data shows...

Economic fears front of mind for business chiefs

Mon, 09 Dec 2024 03:38:06 GMT

Australian business leaders say economic downturn, inflation and shortages in energy, food and labour are their greatest fears over the next two years, according to a World Economic Forum survey...

Fitch flags more premium rises in ‘neutral’ outlook

Mon, 09 Dec 2024 03:36:34 GMT

Australian insurers’ gross written premium is expected to grow by “mid to high single digits” as companies raise rates to cover increased claims and natural hazard allowances, Fitch Ratings says...

In Insurance News magazine this month

Mon, 09 Dec 2024 03:36:15 GMT

Ongoing scrutiny around strata insurance makes the cover of the latest Insurance News magazine, as our detailed report explains how we got here, and what might still be around the corner...

Call for united front against ‘cascading impacts’ of climate crisis

Mon, 02 Dec 2024 01:32:44 GMT

A worsening insurance affordability crisis requires a “multifaceted approach”, the chair of a Senate committee inquiry says...

Increased fire danger as dry spring leaves south ‘well primed’

Mon, 02 Dec 2024 01:31:47 GMT

Large parts of the country face increased fire risk this summer, the Australasian Fire and Emergency Service Authorities Council says...

Above average rainfall, warm summer expected

Mon, 02 Dec 2024 01:30:57 GMT

Australia is expected to receive above average rainfall this month before a return to typical January conditions, the Bureau of Meteorology says in a summer climate outlook...

NZ experts produce landslide guide as danger grows

Mon, 02 Dec 2024 00:33:11 GMT

New Zealand’s Natural Hazards Commission says new slope stability guidelines will help identify and assess landslide risks, which have grown in recent years...

Marsh eyes government role in cyber response

Mon, 25 Nov 2024 03:32:16 GMT

Marsh wants the government to do more to address catastrophic cyber threats by establishing “really clear” regulations, promoting awareness, fostering collaboration and “considering a framework and a fund” to cover uninsurable risks...

Judge ends dispute around on-sold quake claims

Mon, 25 Nov 2024 03:31:14 GMT

A New Zealand court has provided clarity on claims advocate impacts when a property damaged in the Canterbury earthquakes is eligible for a government on-sold program, a Christchurch-based specialist says...

Insurance News conference to unveil exclusive research

Mon, 25 Nov 2024 03:30:18 GMT

Insurance News’ second annual conference will feature findings from an exclusive market report compiled with gold partner Finity, plus speakers and panellists examining the key issues affecting the industry...

Shoppers told to avoid festive fires amid surge in battery blazes

Mon, 25 Nov 2024 03:29:48 GMT

The NSW government has urged Christmas shoppers not to “skimp on quality and safety” when buying lithium-ion battery products, as new data shows a growing number of fires caused by the items...

Indigenous adviser program secures resilience award

Mon, 25 Nov 2024 03:28:27 GMT

The Australian Institute for Disaster Resilience has announced its award winners for this year...

Mortgage insurance foundations ‘keep risk low’: S&P

Mon, 25 Nov 2024 02:58:59 GMT

S&P says Australia’s lenders’ mortgage insurance market will remain low-risk over the next year or two as the sector continues to perform despite premium growth retracting...

Allianz flags rise in family violence cases

Mon, 25 Nov 2024 02:50:52 GMT

The number of Allianz customers affected by family violence and accessing support through their insurance policies has increased 31% in the past year, the company’s data shows...