Challenges grow in Australian LMI market, Fitch warns
22 July 2024
Australian lenders’ mortgage insurers are operating in an “increasingly challenging” market, Fitch Ratings says in an industry report...
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Mayors say premiums unfairly punish Queenslanders
22 July 2024
Queensland mayors say state and federal governments should make insurance in the state more affordable and available, and risk mitigation efforts have not been fairly reflected in premium rates...
Consumer group pushes again for ‘fairer’ pool scheme
22 July 2024
The Australian Consumers Insurance Lobby group has pressed again for changes to the way the cyclone pool scheme models risks facing residents in the northern and southern regions...
RACQ Insurance flags renters' lack of coverage
22 July 2024
RACQ Insurance warns uninsured Queensland renters that they risk facing significant financial expenses if their belongings are damaged...
Building code the wrong tool for resilience fix, housing industry says
15 July 2024
The National Construction Code and related standards should remain focused on the safety of occupants rather than asset or property protection, the Housing Industry Association says in a submission to a Senate committee inquiry...
Rising costs force homeowners to switch, ditch cover: Finder
15 July 2024
Nearly three in 10 Australians have changed their home and contents policies in the past two years, according to survey data from market comparator Finder...
Parked cars bear brunt of damage
15 July 2024
Crashes involving parked cars are the leading cause of motor insurance claims, new data from RAA Insurance shows...
WFI reports lower claims as farm safety improves
15 July 2024
WFI Insurance says farm liability claims are down across most categories, including a 75% decline in falls from height over the past year...
Quake experts monitoring ‘hum’ of geological fault
15 July 2024
A group of New Zealand earthquake scientists are listening to the “hum of the Earth” while examining seismic hazards on the Paeroa Fault...
Experts call for National Relocation Authority
08 July 2024
A national authority is needed to “spearhead” the relocation of hundreds of thousands of high-risk homes, a group of academics say in a new report...
Home contents values rise again, but rate slows
08 July 2024
The replacement cost for the contents of an average Australian home has increased 2.7% in the past year, slowing from a 5.4% gain the previous year, specialist firm Sum Insured says...
SCA's youngest president steps up at ‘pivotal time’
08 July 2024
Strata Community Association Australasia has elected Joshua Baldwin as president, replacing the outgoing Chris Duggan...
Glowing report card for NZ claim dispute scheme
08 July 2024
New Zealand’s Insurance & Financial Services Ombudsman Scheme has won praise in its latest independent review...
Travellers warned on alcohol exclusions after sobering survey
08 July 2024
Holidaymakers have been urged to read their insurance policies and be aware of their coverage before this month’s busy travel season...
Code review submissions published
01 July 2024
Submissions on phase one of the review of the General Insurance Code of Practice have been published online as a panel prepares to release its first report...
‘Mid-tier’ insurers meet Canberra decision-makers
01 July 2024
Insurers met Assistant Treasurer and Financial Services Minister Stephen Jones and other MPs last week as part of discussions between industry and government on critical issues such as affordability and increasing regulatory demands...
Strata group appoints complaints committee head
01 July 2024
The Strata Community Association of Australasia has named Stephen Phillips as independent chair of its Professional Standards and Membership Board Advisory Group, tasked with handling complaints against SCA members...
Melburnians air ‘heartbreaking’ insurance woes at council meeting
01 July 2024
Maribyrnong City Council held a community session last Thursday for western Melbourne residents affected by the October 2022 flood...
Food makers exposed as disruption risk evolves
01 July 2024
Business interruption is considered the biggest threat by half of all food and beverage makers, yet companies are leaving themselves exposed to financial losses, a WTW survey shows...
ICA welcomes commitment on construction resilience
24 June 2024
Commonwealth, state and territory building ministers have agreed to make climate resilience a specific objective of the Australian Building Codes Board from next year...