International bushfire conference starts in Melbourne
06 June 2022
The Fire and Climate 2022 Conference takes place in Melbourne from June 6-10...
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Floods sink industry earnings in March quarter
30 May 2022
The industry lost $428 million in the March quarter as earnings took a hit from the NSW/Queensland floods, after a $100 million net profit in the previous quarter, the Australian Prudential Regulation Authority says...
Industry premium rises 11.2%: Allianz report
30 May 2022
The Australian general insurance industry performed strongly last year, achieving an 11.2% surge in property and casualty (P&C) premiums to €32.1 billion from 2020, Allianz says in a new report...
Diverse range of perils widens Australian protection gap
30 May 2022
A diverse range of natural disasters last year widened Australia’s protection gap and highlighted areas of underinsurance, while climate change is stepping up the importance of mitigation globally, Aon says...
ICA to host forums for Queensland flood victims
30 May 2022
The Insurance Council of Australia will host in-person forums across Queensland next month for insurance customers affected by the February and March floods...
New research aims to solve NZ-specific construction issue
30 May 2022
A four-year research project investigating solutions to strengthen precast concrete hollow-core floors prone to earthquake damage will publish its findings to assist developers...
Industry presses resilience message as Labor prepares to govern
23 May 2022
Insurers and brokers have responded to the outcome of Saturday’s federal election, saying they are ready to work with Prime Minister Anthony Albanese on the many pressing challenges facing the country, including disaster resilience and cyber threats...
'Almost unheard of': mould epidemic emerges in flood-hit areas
23 May 2022
A surge in mould outbreaks caused by conducive weather conditions in south-east Queensland is causing chaos for homeowners and could complicate insurance claims in the flood-hit area...
Australia’s tech chiefs lag in cyber preparation, survey finds
23 May 2022
Australia has the highest rate of tech managers reporting their organisation is unprepared to cope with a targeted cyberattack, a survey has found...
Reckless: driving into flood water claims may be refused
23 May 2022
Driving into flood water may be considered a reckless act by insurance providers, and claims for flood water damage may be refused in some instances, Eric Insurance says...
Flood professionals press case for resilience action
23 May 2022
Queensland and NSW flooding has highlighted the need for action to prevent damage from future catastrophes, Floodplain Management Australia President Ian Dinham says...
Queensland floods add to weather claims influx
16 May 2022
Queensland storms over the past week have led to a further influx of claims as the industry deals with impacts from this year’s record-breaking flooding...
Amusement parks group vows to push on with mutual plan
16 May 2022
The Australian Amusement, Leisure and Recreation Association has pledged to push on with its proposed discretionary mutual fund to address the insurance crisis facing its members, despite a Federal Government decision not to back it...
Climate, class actions, regulation top concerns
16 May 2022
Climate change and class actions if left unchecked could be a major contributor to rising insurance costs and are key issues on the Australian risk radar, along with the pace of regulatory change, a Global Insurance Law Connect report says...
Perils shaves southern Australia storms loss estimate
16 May 2022
Catastrophe data company Perils has slightly reduced its loss estimate for southern Australia severe storms that lashed three states with hail, heavy rainfall and wild winds...
NTI develops 'spilt milk' dairy tanker safety program
16 May 2022
Transport and logistics specialist insurer National Transport Insurance is creating a new training program to improve road safety in the dairy industry...
Auckland-region flood claims top $70 million
16 May 2022
Torrential rain, thunderstorms and flash flooding across Auckland and much of New Zealand’s North Island in March has led to 7647 claims so far worth an estimated $NZ79.61 million, Insurance Council of New Zealand says...
Report warns of 'insurability crisis' as climate change takes hold
09 May 2022
The Climate Council has released a report projecting more than half a million homes may not have insurance protection by the end of this decade, the result of political inaction on fossil fuels usage...
Rising flood dangers require planning rethink: ICA
09 May 2022
The consequences of flooding and not just the probability needs to be taken into account as climate change and expanding urban populations bring increasing risks, a report released by the Insurance Council of Australia says...
NSW flooding speed, ultimate height surprises residents
09 May 2022
A Risk Frontiers research trip to northern NSW flood-hit regions has found that “without exception” residents in all areas visited expressed alarm at the speed with which water levels rose and surprise at the ultimate height they reached...