18 July 2022
Regional Queensland specialist, Sure Insurance, says significant numbers of its policyholders have adjusted their home premium payment schemes to accommodate increased cost-of-living pressures...
11 July 2022
The Consumer Action Law Centre has urged brokers to be proactive in reviewing remuneration arrangements, even as implementation of a disclosure part of the new code of practice is delayed by a year...
11 July 2022
Insurers have so far received 10,526 claims with an estimated insurance loss of $122 million related to extreme rain and flooding in NSW this month...
11 July 2022
Climate models monitored by the Bureau of Meteorology are indicating that an Indian Ocean driver of wet weather will form this year, following the end of the recent Pacific Ocean La Nina...
11 July 2022
Insurance claims associated with the May 20 tornado that hit New Zealand’s northern island town of Taitoko Levin have amounted to $NZ 8.1 million, according to early data from the Insurance Council of New Zealand Te Kahui Inihua o Aotearoa...
04 July 2022
Reinsurers have sought significant rate increases at the Australian June and July renewals as the market responds to the high level of local and global natural catastrophes and a changing economic environment, international broking groups say...
04 July 2022
Tens of thousands of NSW residents are under evacuation orders today after 100mm of rain swamped many catchments, sending rivers and dams beyond containment lines – with more wet weather still to come...
04 July 2022
The $10 billion-backed government cyclone reinsurance pool has begun work, but a bitter row has developed about the level of savings it will bring...
04 July 2022
A consumer group says there’s a “big push” from insurers to cash settle building claims from the east coast flood catastrophe, potentially leaving vulnerable victims at risk...
04 July 2022
Complaints against four Aboriginal Community Benefit Fund companies have risen to more than 1000, prompting consumer groups to again push the Federal Government to step in to help affected policyholders...
04 July 2022
The Asbestos Safety and Eradication Agency has launched a new campaign to inform residential property buyers, sellers, tenants and landlords of their rights and responsibilities...
27 June 2022
Victims of this year’s record-breaking floods are increasingly asking insurers to help make their properties more resilient as they rebuild – but policies usually specify like-for-like replacements...
27 June 2022
Sea surface temperatures are currently warmer than average for much of the Australian coastline, a pattern increasing the chance of above average winter-spring rainfall for Australia, the Bureau of Meteorology says...
27 June 2022
Australian gross written premium is expected to grow 7.5% this calendar year, reflecting the impact of the NSW/Queensland floods, past catastrophes and claims inflation facing the industry, according to S&P Global Ratings...
27 June 2022
The Australian Financial Complaints Authority says last year’s Victorian earthquake generated the third-highest number of insurance complaints in the past 12 months...
27 June 2022
RACQ Insurance says it has settled 90% of motor claims relating to severe floods that impacted Queensland earlier in the year...
27 June 2022
The June/July issue of Insurance News magazine is out now, featuring must-read articles and interviews on some of our industry’s most important issues...
27 June 2022
New Zealand’s Financial Services Complaints Limited advises landlords and insurance brokers to ensure that policies cover all risks appropriately, as complaints about methamphetamine damage rise...
20 June 2022
A review of public-facing obligations included in the latest version of the General Insurance Code of Practice found only 29% of insurers surveyed complied with all five requirements by the deadline...
20 June 2022
Consumers may face an extended wait before seeing premium benefits from the introduction of the northern Australia cyclone reinsurance pool, a lobby group has warned...