29 August 2022
The first insurance premium funding code of practice will take effect from the start of October, promoting increased transparency and disclosure on pricing and a culture of professionalism...
29 August 2022
A survey from consumer advocate group Choice indicates a record number of Australians are concerned about rising home insurance prices...
22 August 2022
Australia’s financial, social and health costs could be slashed by at least $19 billion by 2050 with better investment in resilience to counteract a rise in extreme weather, the Insurance Council of Australia says...
22 August 2022
The Bureau of Meteorology warns there is now a 70% chance that a third La Nina in a row will develop this year...
22 August 2022
The Australian Consumers Insurance Lobby says collecting premiums from across the country could deliver the cost benefits required from the Federal Government’s cyclone reinsurance pool...
22 August 2022
IAG New Zealand has put forward an action plan to better prepare for future flooding as communities assess damage to homes after severe weather crossed the country last week...
22 August 2022
New research into the impact of the 2016 Kaikoura earthquake has provided engineers with vital information to help reinforce infrastructure design...
15 August 2022
Commercial property insurance was among the top five products that small businesses complained about last financial year, the Australian Financial Complaints Authority says...
15 August 2022
Rainfall is set to arrive earlier than normal in parts of far northern Australia this year, partly reflecting the influence of the negative Indian Ocean Dipole...
15 August 2022
IAG says more government support is needed to help small regional enterprises that face the vulnerability of being underinsured or having no insurance at all...
15 August 2022
US-based mutual insurer, FM Global, has announced it will allocate nearly $US300 million to provide clients – including those in Australia and New Zealand – with “resilience credits” to incentivise increased investment in climate resilience solutions...
15 August 2022
Natural Hazards Research Australia has asked for first-hand accounts from NSW and Queensland flood-affected residents for its new research project as it devises policy recommendations to improve preparation and responses for future flood events...
08 August 2022
The High Court of Australia will consider oral arguments on the business interruption test case appeal applications, but has indicated a hearing won’t be listed before October at the earliest...
08 August 2022
Australian directors’ and officers’ rates are expected to continue easing in the months ahead after contracting 5% in the second quarter of this year, the first decline since 2017, Marsh says, following the release of its latest quarterly update of commercial insurance premium pricing...
08 August 2022
A new GlobalData report warns Australian home insurers of increased profitability risks as the advent of climate change-led weather-related claims compounds increasing insurance costs...
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...