Hobart storm losses climb as more claims come in
21 May 2018
Insurance losses from floods in the Hobart region this month have climbed to $27.99 million as the clean-up continues…
Local
Risk modelling start-up harnesses new tech
21 May 2018
New catastrophe risk modeller Reask has begun operations…
Modeller identifies Tathra bushfire pattern
21 May 2018
A much higher percentage of homes were lost within one metre of bushland during bushfires in the NSW town of Tathra than in comparable blazes…
Flood-prone Brisbane suburbs enjoy sharp price growth
21 May 2018
House prices in flood-prone suburbs of Brisbane have outperformed the rest of the city…
EQC discovers almost 1000 unreported claims
21 May 2018
New Zealand’s Earthquake Commission has revised the number of open claims it is working to settle after upgrading its claims management system…
Industry slams budget mitigation ‘failure’
14 May 2018
The insurance industry has criticised the lack of disaster mitigation spending in the new federal budget…
Rising weather risk hits construction industry
14 May 2018
The construction industry is facing rising risks from more frequent extreme weather events, Gallagher says in a white paper…
Insurers ‘playing catch-up’ on climate risks
14 May 2018
Insurers have been warned against underestimating the gradual increase in natural peril costs due to climate change…
ICA declares Hobart storms a catastrophe
14 May 2018
The Insurance Council of Australia has declared a catastrophe in Hobart following heavy storms on Friday…
Bushfire, cyclone losses keep climbing
14 May 2018
Estimates of insurance losses from three recent natural catastrophes have soared tens of millions of dollars to $147.83 million…
EQC handles hundreds of storm claims
14 May 2018
New Zealand’s Earthquake Commission has received 495 claims for storm-related damage in the first four months of the year…
NZ new year storm losses pass $31 million
14 May 2018
Insurance losses from New Zealand storms in early January have reached $NZ34.2 million…
Insurers flee high-risk property markets
07 May 2018
Marsh says property insurers continue to shy away from catastrophe-exposed risks as they chase profits over growth…
Robust code vital to industry’s regulatory status: ICA
07 May 2018
The industry’s ability to maintain its self-regulation status hinges on producing a “robust and ambitious” code, Insurance Council of Australia CEO Rob Whelan says…
Sprinkler research aims to improve bushfire defences
07 May 2018
Research on the effectiveness of external sprinkler systems during bushfires may have consequences for insurance premiums in fire-prone regions…
Probe uncovers ‘significant’ construction industry failings
07 May 2018
An assessment of Australia’s compliance and enforcement systems for the building and construction industry has delivered a damning verdict…
KPMG floats ‘incentivised’ workers’ comp rates
07 May 2018
A report on mental health reforms suggests workers’ compensation premiums be set according to how well a workplace meets an agreed set of benchmarks…
Suncorp NZ, ANZ complete blockchain concept test
07 May 2018
ANZ will further investigate uses for blockchain in the New Zealand insurance market after completing an early-stage concept test with Suncorp and technology partner IBM…
Drones may help predict volcanic eruption
07 May 2018
A team of New Zealand researchers will use drones to probe White Island’s toxic volcanic cloud, harnessing data that could give early warning of an eruption…
Industry ‘not immune’ from commission fallout
30 April 2018
The general insurance industry has been warned it may suffer from reputational damage caused to the broader financial services sector…