29 November 2021
New Zealand’s Earthquake Commission has awarded 13 researchers a total of $NZ1 million to identify ways to reduce the impact of natural hazards and better inform policy makers, local councils, designers, engineers and builders...
22 November 2021
Federal Court action filed by the Vanilla Lounge restaurant against Suncorp over business interruption cover during the pandemic has settled in favour of the insurer, as both sides draw positives from a judgment last year on a separately decided question considered as part of the case...
22 November 2021
Urgent action is needed at all levels of government, in collaboration with the insurance industry, to build a national picture of coastal hazard risks and how they can be addressed, the Insurance Council of Australia says...
22 November 2021
A judgment on the class action trial over NSW local government insurance mutuals could take months, lawyers say...
22 November 2021
Aon Australia has given its take on the local findings from the broker’s recent biennial risk survey...
22 November 2021
New Zealand’s Earthquake Commission says it has provided “urgent” funding to University of Auckland researchers who are working to strengthen walls of buildings at higher risk of earthquake damage...
15 November 2021
The Full Court has reserved its decision after last week concluding appeal hearings on the Insurance Council of Australia second test case related to business interruption claims triggered by COVID-19 restrictions...
15 November 2021
The Consumers’ Federation of Australia has welcomed a “substantial change in approach” in the revised National Insurance Brokers Association draft code of practice...
15 November 2021
Directors’ and officers’ (D&O) premiums may be reaching a ceiling as policyholders resist further increases after surges in recent years, a report by legal network Global Insurance Law Connect says...
15 November 2021
The Insurance Council of Australia is continuing to push for further action to speed movement of personnel across state borders after Emergency Management Australia changed its protocols...
15 November 2021
The Victorian earthquake has highlighted the potential to underestimate risks in Australia due to its long seismic cycles and national data limitations, catastrophe modelling firm RMS says...
15 November 2021
An overhaul of claims handling introduced after New Zealand’s devastating Canterbury earthquakes has significantly improved outcomes, with 80% of claims from the 2016 Kaikōura earthquake settled and closed in the first year, the Earthquake Commission (EQC) says, and fewer than 5% reopened...
15 November 2021
Governments should recognise and support the role of local co-operatives in improving natural disaster risk mitigation and resilience in rural communities, a report says...
08 November 2021
The Full Court has this morning started hearing appeals related to business interruption claims triggered by the COVID-19 pandemic after initial Federal Court decisions mostly favoured insurers...
08 November 2021
The Public Interest Advocacy Centre has called for more transparency from insurers in relation to their use of actuarial and statistical data...
08 November 2021
Improving hailstorm recovery processes has become more important given escalating risks and limited options for building owners to minimise the threat, Axa XL says...
08 November 2021
The Queensland Halloween hailstorms last year caused insurance losses of $1.22 billion, catastrophe data company Perils says in its final estimate for the event...
08 November 2021
This year’s Dive In, the insurance industry’s diversity and inclusion festival, attracted its highest global audience to date, with 31,000 participants attending the three-day event from more than 100 countries...
01 November 2021
Fears of a cyber assault have topped a biennial Aon risk list for the first time since the broker started its Global Risk Management Survey in 2007...
01 November 2021
Overall commercial rates in the Australia-dominated Pacific market again grew at a slower pace in the third quarter but the cyber line bucked the trend, mirroring patterns seen globally, according to the latest Marsh price index...