Australian directors put climate change among top risks
24 April 2023
Economic and cyber risks are causing increasing concern for directors and officers worldwide, according to a Directors Liability 2023 survey from WTW and law firm Clyde & Co...
Local
Ancient Maori construction techniques combat earthquakes
24 April 2023
Māori construction techniques can withstand major earthquakes and will be deployed in the rebuilding of an historic Bay of Plenty wharenui, or communal house, Toka Tū Ake EQC says...
Cyclone Ilsa sets new wind record, misses major towns
17 April 2023
Tropical Cyclone Ilsa, which made landfall around 120km northeast of WA’s Port Hedland on Thursday as a Category 5, set a new wind speed record while missing major population centres and infrastructure...
Insurer code breaches hit record levels
17 April 2023
Insurance providers breached the General Insurance Code of Practice a record 58,104 times in the 12 months to June 30 2022 – up 40% on the previous year...
In Insurance News magazine this month
17 April 2023
Underwriting agencies take centre stage in the latest edition of Insurance News magazine, as their influence in the local market continues to grow...
Insurers expect more Australians to take domestic travel cover
17 April 2023
New data has shown a rise in Australians intending to purchase travel policies for domestic trips as the industry expects delays and disruptions to continue to affect flights throughout the year...
EQC scholarship recipient returns from US with 'invaluable data'
17 April 2023
Toka Tu Ake EQC has heralded the return of its 2020 Fullbright Scholarship recipient, Jesse Kearse, after collecting a “treasure trove of earthquake data,” from research in the US...
IAG spells out how to relocate communities
03 April 2023
Community support is vital for any planned relocation of homes at high risk of natural catastrophe damage, and there is no one-size-fits-all approach, a new IAG report says...
Rates to rise at least 10%, KPMG says
03 April 2023
Consultancy KPMG says general insurance pricing conditions will harden further this year, predicting rates will increase by at least 10% as general insurers respond to last year’s flood catastrophes and other natural disasters...
Intermediaries place more business as invoiced premium passes $18 billion
03 April 2023
Business placed by general insurance intermediaries, as measured by premium invoices, went up in the July-December period to $18.5 billion from $17.2 billion a year earlier, according to the Australian Prudential Regulation Authority...
Cyclone Gabrielle to cost insurers $1.44 billion: Perils
03 April 2023
Insured losses from Cyclone Gabrielle will reach $NZ1.54 billion, Swiss-based catastrophe data company Perils estimates...
Insurer input key to better building strategy, NZ academic says
03 April 2023
The insurance sector must be part of discussions on where and how homes are built as New Zealand considers how to better prepare for a future affected by climate change, Massey University Senior Lecturer in Economics Michael Naylor says...
ANZIIF CEO Prue Willsford to step down
27 March 2023
Australian and New Zealand Institute of Insurance and Finance CEO Prue Willsford will step down at the end of the year after a decade in the role...
No appeal lodged after JLT councils scheme class action victory
27 March 2023
JLT’s victory in a NSW Supreme Court class action brought by a group of local governments will not be appealed by the councils, with the deadline for lodging documents ending last week...
Suncorp panel calls for collaboration on disaster resilience
27 March 2023
A panel discussion hosted by Suncorp and public policy group The McKell Institute says cooperation between insurers and governments remains “imperative” to ensure that Queensland is “fully risk-ready” for future natural disasters...
NZ insurers estimate Gabrielle losses at $830 million
27 March 2023
Preliminary estimates indicate Cyclone Gabrielle has caused insured losses of around $NZ890 million, the Insurance Council of New Zealand says...
February's Freddy the longest-lived cyclone on record
27 March 2023
Tropical Cyclone Freddy, which formed off the coast of WA on February 6 and killed 435 and caused widespread destruction in Madagascar, Mozambique and Malawi, has set a number of new records, Risk Frontiers says...
Disaster Legal Help Victoria holds floods forum
27 March 2023
Disaster Legal Help Victoria is holding an online session on Wednesday to provide information for people with insurance issues arising from last year’s flooding...
BI class actions set for tussle over a way forward
20 March 2023
The Federal Court has scheduled a two-day hearing for July to decide whether four business interruption class actions filed by two legal firms should instead proceed as individual claims, as sought by insurers...
Auckland flood loss estimate is now $1.5 billion
20 March 2023
Swiss catastrophe data firm Perils has estimated the Auckland flood catastrophe has so far led to insured losses of about $NZ1.65 billion...