Climate litigation to heat up in 2024
18 December 2023
Australia can expect a jump in climate litigation cases next year, Clyde & Co has predicted...
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Arteva, QPR become premium funding code of practice signatories
18 December 2023
The Australian Finance Industry Association says Arteva and QPR have become Insurance Premium Funding Code of Practice members following an accreditation process...
Bridges built in 1930s withstand tough seismic tests
18 December 2023
Extreme laboratory testing on an 84-year-old bridge at the University of Auckland has provided promising insights for key infrastructure across New Zealand...
Cyclone Jasper set to cross Queensland coast on Wednesday
11 December 2023
Tropical Cyclone Jasper is expected to cross the northern Queensland coast on Wednesday bringing gale-force winds, heavy rainfall and the risk of flash flooding...
IAG calls for governments to ‘rethink’ land use system
11 December 2023
IAG says Australian communities and systems are nearing a “tipping point” where the capacity for community resilience may be diminished by increasing natural disaster risk, as it calls for state and federal entities to give more consideration to land planning decisions...
Indian Ocean Dipole passes peak, El Nino continues
11 December 2023
The positive Indian Ocean Dipole, which contributes to dry weather in eastern Australia, is likely past its peak, while an El Nino event is continuing in the Pacific, the Bureau of Meteorology says in a climate driver update...
ICA warns against rising uninsured travel trends
11 December 2023
The Insurance Council of Australia has flagged a “concerning trend” of non-insurance amongst travellers following a new survey, which found more Australians were travelling without adequate protections...
Flood damage ‘wildly disproportionate’ to known exposure: ICA
04 December 2023
Flood events accounted for more than 54% of losses from declared insurance events in the last five years despite only a small percentage of properties known to be at risk, the Insurance Council of Australia (ICA) says in a submission to a parliamentary inquiry...
Severe eastern Australia storms trigger thousands of claims
04 December 2023
Severe storms and flooding in southern and eastern Australia over the past week have triggered thousands of claims across a swathe of the country...
Bureau warns cyclone could move close to Queensland next week
04 December 2023
The Bureau of Meteorology says a tropical cyclone has a high chance of forming near the Solomon Islands and could move close to the Queensland coast next week...
Queensland, NSW at heightened summer bushfire risk
04 December 2023
Large areas of Queensland, NSW and the NT are at increased risk of summer bushfires after above average August to October maximum temperatures...
EQC announces biennial grant recipients
04 December 2023
Toka Tu Ake EQC has awarded more than $NZ1.2 million to 14 research teams as part of its Biennial Grants round...
No ‘cash cow’: ICA CEO calls for stamp duty reform
27 November 2023
Stamp duty reforms must be undertaken as part of measures to improve affordability and resilience, Insurance Council of Australia CEO Andrew Hall has told the National Press Club in Canberra...
Caravan park in first industry test case wins AFCA BI dispute
27 November 2023
A caravan park near Tamworth that was part of the first covid-related business interruption test case on exclusions citing the Quarantine Act will have its claim paid after the Australian Financial Complaints Authority ruled in its favour on other parts of the cover...
Property Council raises concerns over proposed NSW ESL change
27 November 2023
The Property Council of Australia has concerns over NSW Government plans to remove the Emergency Services Levy from insurance and apply a different model to raise the funds...
ICA says progress made on climate change roadmap
27 November 2023
The Insurance Council of Australia says in the first annual update on its climate change roadmap that more than 85% of members surveyed have set organisation-wide net zero targets by 2050 or earlier, and more than 60% have also set interim targets...
IAG pays out more than $NZ1 billion in flood, cyclone claims
27 November 2023
IAG received 51,000 claims across its AMI, State and NZI brands after destructive North Island floods and Cyclone Gabrielle struck early this year, and has so fair paid out more than $NZ1 billion for the two events...
Scientists crunch data from ocean bottom seismic sensors
27 November 2023
An international team of scientists set sail from Wellington on Saturday to lay an offshore network of seismic sensors on the ocean floor to give a better understanding of earthquake and tsunami risk from New Zealand’s largest and most active fault, the Hikurangi Subduction Zone...
Flood learnings a key focus for general insurance code review
20 November 2023
An independent review of the general insurance code of practice will be conducted over two phases, with the second to focus on flood-related topics...
AFCA concerned over rise in ‘complex’ complaints, gives BI update
20 November 2023
The Australian Financial Complaints Authority has urged general insurers to review the way expert reports and submissions are prepared after a rise in “complex” general insurance disputes...