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The industry’s underwriting profit fell by more than half to $1.9 billion in the year to September as costs from the Sydney hailstorm and Townsville flood last summer severely dented earnings...

Flood engineers hired by the operators of the Wivenhoe and Somerset dams failed to follow guidelines, which ultimately contributed to the severity of the 2011 Brisbane floods, the NSW Supreme Court ruled last Friday...

Summer is likely to start off hot and dry, with much of eastern Australia gripped by the same climate influences that gave us a warmer and drier than average spring, the Bureau of Meteorology predicts...

Global law firm Clyde & Co today flagged parametric insurance as a key risk management tool that could help protect the Great Barrier Reef from long-term climate change effects...

Swimming pool owners are being urged to check their liability insurance before they take advantage of a new sharing economy app called Swimply which is being dubbed the “Airbnb of swimming pools”...

NRMA Insurance has settled a case lodged by a child sex offender who successfully claimed the insurer “discriminated” against him when it refused him insurance because of his criminal record...

CommInsure has no grounds to decline a claim from a complainant who did not disclose her partner and co-policyholder has a criminal record, the Australian Financial Complaints Authority has ruled...

Lloyd’s must contribute equally to a $1.025 million injury payout that Allianz made to a road worker who was hit by a car when he was on duty...

Insurers in Australia and globally are under pressure to more clearly define whether so-called “silent cyber” risks fall under traditional property and casualty policies, according to Aon...

Victoria’s construction industry wants the state Government to suspend prosecuting builders for installing flammable cladding in a bid to encourage voluntary reporting of affected properties...

Australia’s small-and-medium enterprises, including insurers, are losing out on sizable untapped revenue from cross-border trade due to poor confidence in managing exchange rates, a new survey finds...