08 August 2022
Covid has caused more deaths in Australia than cardiovascular disease and lung cancer so far this year, to be overtaken only by ischaemic heart diseases and dementia, the Actuaries Institute says...
08 August 2022
New Zealand’s Toka Tū Ake EQC says demand for land damage cover provided by the organisation is likely to increase with climate change but many residents are unclear about the insurance arrangements...
08 August 2022
The Insurance Council of Australia says it will hold an in-person meeting on August 17 in Montrose, Victoria, for policyholders affected by last year’s storm event in July, which has led to claims costs of $310.4 million to date...
01 August 2022
The Commonwealth Scientific and Industrial Research Organisation has released a new report highlighting seven megatrends that will impact Australia over the next two decades...
01 August 2022
Underwriting agencies have stepped up to defend the insurance industry, following media reports that home and contents policies are being cancelled or claims denied due to a lack of disclosure around business activity at insured addresses...
01 August 2022
February-March floods that hit Queensland and NSW produced 230,000 claims, of which 36% are now finalised with $2 billion paid out...
01 August 2022
Class action exposures for corporate directors could be on the cusp of exponential growth given the current dynamic environment, Marsh Head of FINPRO, Claims Solutions Melody Carr says...
01 August 2022
Australia’s top causes of business interruption insured losses are fire/explosion and professional indemnity-related claims, such as negligence and misadvice stemming from corporate actions...
01 August 2022
The General Insurance Code Governance Committee is expected to look into claims handling as part of its work this financial year...
01 August 2022
The Insurance Council of New Zealand says extreme weather claims cost the industry $NZ198 million in the year to June...
25 July 2022
The industry may face pressure to explain its underwriting processes as a senator pushes for changes to home and contents policies to protect small business owners who operate from home...
25 July 2022
Despite headaches the covid pandemic caused the insurance industry, positives have emerged from the response, Clyde & Co Partner Gareth Horne says...
25 July 2022
The Bureau of Meteorology has issued carbon copy wet weather warnings to those delivered last year – before Australia’s record flooding in March – though it says it’s too early to tell if a rare third consecutive La Nina will form...
25 July 2022
Claim handling delays were the top general insurance issue in disputes received by the Australian Financial Complaints Authority last financial year, as the industry dealt with a slew of natural catastrophes...
25 July 2022
Claims payouts for professional indemnity and public and product liability fell in 2020 from the preceding year, according to Australian Prudential Regulation Authority data released today...
25 July 2022
Mandated reporting of cyber breaches in Australia misses the vast majority of businesses and should be beefed up, as broader compliance-reporting demands would motivate firms to upgrade their security measures and take cyber threats more seriously, an expert says...
18 July 2022
Standard templates that contain a minimum set of eight items should be introduced to improve strata insurance disclosure, with existing practices in many cases opaque or incomplete, an independent report completed by consultant John Trowbridge says...
18 July 2022
Dive In, the global festival for diversity and inclusion in insurance, will be back in September for its eighth year with the theme "Building Braver Cultures,” which calls on the industry to build nurturing and encouraging environments...
18 July 2022
Today Insurance News launches its latest wellness survey, following the success of last year’s inaugural poll...
18 July 2022
The collapse of funeral insurer Youpla, which targeted First Nations communities, has affected a minimum 20,000 people across Australia, the Save Sorry Business Coalition says...