Local
‘Further river rises’ threaten flood-hit north Queensland
10 February 2025
The Bureau of Meteorology has warned swollen rivers in Queensland’s north may rise to reach major flood levels...
‘Positive development’ for business clients as rates ease further
10 February 2025
Marsh’s latest commercial price monitor shows global rates continued to weaken in the fourth quarter, led by the Australia-Pacific market’s 8% drop...
WA warned cyclone may approach coast this week
10 February 2025
A tropical cyclone is forecast to develop off WA’s northwest coast and head toward the Pilbara region this week, the Bureau of Meteorology has warned...
Code committee issues breach reminder after latest crackdown
10 February 2025
The General Insurance Code Governance Committee has released a guide to identifying and handling significant breaches after two subscribers were penalised in the past eight months...
Peak consumer body ‘on life support’ amid funding woes
10 February 2025
The Consumers’ Federation of Australia has warned it may close if the federal government fails to address its funding in the upcoming budget...
‘Many questions unanswered’: state probes landslide
10 February 2025
The Victorian government is investigating the cause of a landslide on the Mornington Peninsula last month...
NZ homebuyers urged to study up on natural hazards
10 February 2025
Natural Hazards Commission Toka Tu Ake has encouraged New Zealand homebuyers to have “their eyes open about natural hazards” when deciding on purchases...
Code committee names new consumer rep
10 February 2025
The General Insurance Code Governance Committee has appointed Julia Davis as its new consumer representative...
ICA labels north Queensland floods ‘significant’
03 February 2025
The Insurance Council of Australia has declared a significant event for north Queensland areas hit by torrential rain and flooding, with Townsville and Ingham hardest hit...
Code committee defends anonymity for breach insurer
03 February 2025
The insurer has paid $1.2 million in compensation, has completed repairs and claims settling, and has conducted a “comprehensive review” to address systemic claims handling process issues...
‘Multiple’ shots fired at CBN rep’s office
03 February 2025
Gunshots were fired early today at the Sydney office of a Community Broker Network authorised representative, the Steadfast-owned broking group says...
Climate change a threat to education, lifetime earnings
03 February 2025
Australian schools’ resilience to natural hazards should be improved to counter “significant impacts” from climate change on education, future employment and wage outcomes, a Zurich-led report says...
New Actuaries Institute president hails ‘trusted advisers’
03 February 2025
Insurance uses the “power of community” to support people when they are vulnerable and restore losses, Win-Li Toh has told the Actuaries Institute in her first speech as its president...
Canaries inspire NZ volcano research
03 February 2025
A New Zealand volcano expert says a research trip to La Palma in the Canary Islands has produced important lessons about potential eruptions near Auckland...
Appeal planned against BI declassing
16 December 2024
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
16 December 2024
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
16 December 2024
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
16 December 2024
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
16 December 2024
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’
09 December 2024
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...