28 August 2023
The level of concern in New Zealand regarding natural disasters is on the rise with one in five businesses expressing increased apprehension compared to two years ago, a Vero survey has found...
28 August 2023
More than 700 readers have already completed our latest wellbeing survey, but insuranceNEWS.com.au is encouraging more to take part...
28 August 2023
The court sequel to a man slipping on wet tiled stairs has highlighted the need for insurers to be clear with insureds about policy exclusions, especially those taken out online...
28 August 2023
New Zealand’s Insurance and Financial Services Ombudsman Scheme can investigate more complaints after its upper limit was lifted to $NZ350,000, an increase from $NZ200,000...
28 August 2023
A Senate inquiry into greenwashing and looming Treasury requirements for climate related financial reporting are building momentum for businesses to take the issues seriously, a legal expert warns...
28 August 2023
The Australasian Fire Authorities Council has released its seasonal bushfire outlook for spring, saying an earlier start to the high risk fire season is expected as climate influences have shifted significantly since a year ago...
28 August 2023
Students from Wellington College have won the top prize for this year’s CRISiSLab challenge with their development of a wave detection technology...
21 August 2023
Travel insurer Cover-More has been left with a $220,000 bill after an employee carried out a long-running fraud...
21 August 2023
The Australian Financial Complaints Authority says Suncorp cannot deny a burst flexihose claim due to rust on the hose’s exterior...
21 August 2023
The Bureau of Meteorology is continuing to monitor atmospheric conditions in the Pacific as it maintains an El Nino Alert...
21 August 2023
The rise of climate litigation carries implications for Australian insurers, law firm Clyde & Co says after a United Nations global report has Australia as the jurisdiction with the highest number of cases outside of the US and the European Union...
14 August 2023
Home insurance premiums have jumped 28% in the past year, the biggest gain in two decades, while high risk properties, such as those in flood-prone areas have seen increases of up to 50%, the Actuaries Institute says...
14 August 2023
Consumer problems with home and contents insurance include complex products, unaffordable premiums, inaccessible information on natural hazard risks and a lack of pricing reductions when homes are made more resilient, a report says...
14 August 2023
A University of Tasmania fire expert says the Hawaii wildfires hold lessons for Australia as the country braces for the likely arrival of El Nino, which raises the prospect of a scorching summer...
14 August 2023
What – or perhaps who – killed Catholic Church Insurance? The August/September issue of Insurance News magazine provides the background you need to understand why this venerable organisation needed recapitalising, which led to its owners placing it into runoff...
14 August 2023
Ample capacity and improved risk appetite are among key features observed in the Australian and wider Asia Pacific region during the second quarter, broker Aon says in a market update...
14 August 2023
Budget Direct says properties constructed more than 50 years ago may be deemed older properties, and this could have a bearing on home insurance, while homes built before the early 1900s could have heritage classification and not be eligible for cover at all...
07 August 2023
Terms of reference for the federal parliamentary inquiry into insurer responses to last year’s floods are comprehensive, the Insurance Council of Australia says following the release of details last week...
07 August 2023
Professional indemnity gross premium for non-facility business rose to $3.02 billion in 2021 from $2.68 billion a year earlier, representing a gain of 12%, according to the Australian Prudential Regulation Authority...
07 August 2023
Work is underway to revamp the Motor Vehicle Insurance and Repair Industry Code of Conduct after an independent review made 15 recommendations to improve governance and customer outcomes, the Insurance Council of Australia says...