Worst P&C pressures easing, ratings agency says
24 June 2024
Impacts from elevated catastrophe losses, claims inflation and reinsurance cost increases have reduced for Australian property and casualty insurers, S&P Global Ratings says...
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Mental health surge not priced into workers’ comp: Macquarie
24 June 2024
Workers’ compensation changes in WA that introduce rules on managing psychosocial hazards have highlighted pricing risks from increasing mental health claims in the sector, Macquarie Equity Research says...
NRMA, motoring clubs among most trusted insurance brands
24 June 2024
IAG-owned NRMA is the most trusted insurance brand, placing ninth in a muti-industry top 20, according to market research group Roy Morgan...
‘Basin effect’ study looks to shake up quake modelling
24 June 2024
Researchers in New Zealand aim to create 3D simulations that will transform earthquake modelling for sedimentary basins...
ICA backs code vulnerability changes, flexible claim time frames
17 June 2024
The Insurance Council of Australia’s submission to the code of practice review supports changes around financial hardship provisions and vulnerability, while seeking more flexibility on providing claims updates...
Risk Frontiers engineer calls for quake model overhaul
17 June 2024
The loss estimation accuracy of earthquake catastrophe models can be increased by incorporating buildings’ structural details, engineer Behnam Beheshtian says...
Insurance spending holds up as consumers find other cuts
17 June 2024
Australians are holding onto essentials such as home insurance but cutting discretionary spending, according to CommBank...
Farms face exclusions around bird flu outbreaks
17 June 2024
Poultry producers affected by the worsening outbreak of bird flu will not be covered by typical farm insurance policies given virus and disease exclusions, LMI Group founder Allan Manning says...
Breakthrough sheds new light on liquefaction risk
17 June 2024
Experts in New Zealand have developed new tools to predict the effects of liquefaction during earthquakes...
In Insurance News magazine this month
17 June 2024
Assistant Treasurer and Financial Services Minister Stephen Jones says he is not interested in engaging in “populist politics” on the insurance affordability challenge, as a government taskforce is launched...
Insurers meet more Queensland storm victims
17 June 2024
Insurers will hold a third round of community consultations to help customers affected by severe storms in south-east Queensland from December 23 to January 3...
Insurer urges proactive pet care as owners cut costs
17 June 2024
Half of all pet owners reduced spending on vet care last year, according to a survey by PetSure, while more than one-fifth delayed a vet visit or reduced the frequency of routine check-ups...
Flexi-hose alternative arrives with ‘no burst’ boast
17 June 2024
Queensland company No Blows has launched an alternative to flexi-hoses made from copper and brass that it says is “guaranteed to never burst”...
Sold-out strata seminar packed with insights
03 June 2024
More than 100 industry professionals attended Insurance News’ half-day strata seminar in Sydney on Thursday to hear from a strong line-up of expert speakers...
Reinsurance pool added as hazard partnership observer
03 June 2024
Two major reinsurers will join the Hazards Insurance Partnership, and the Australian Reinsurance Pool Corporation will become an observer at meetings...
Employers ‘can’t keep footing bill’ for workers’ comp issues
03 June 2024
Business NSW says icare must do more to improve its workers’ compensation scheme performance, with an increase in premiums next financial year to hit companies already struggling with inflationary pressures...
Expert echoes warning to tobacco shop landlords
03 June 2024
Insurers are likely to void policies held by landlords if it is discovered illegal activity has been carried out at their premises, an industry expert says...
ICA heads north again to help Jasper-affected residents
03 June 2024
The Insurance Council of Australia will host three forums in Far North Queensland next week to help communities affected by Ex-Tropical Cyclone Jasper...
Klipin begins work as NIBA chief
27 May 2024
The National Insurance Brokers Association’s new CEO Richard Klipin starts today, after his appointment was announced in March...
Government announces affordability taskforce
27 May 2024
The Insurance Affordability and Natural Hazard Risk Reduction Taskforce will be established by the Department of the Prime Minister and Cabinet as concern over rising home premiums intensifies...