18 October 2021
Finity has warned in a new report that workers’ compensation claims are set to rise as the country looks to reopen, moving away from its tough virus elimination strategy to “living with COVID-19”...
18 October 2021
The Insurance Council of Australia today launched an advertisement campaign aimed at raising consumers’ awareness of their rights under the new Code of Practice that commenced in July...
18 October 2021
Catastrophe data company Perils has lowered its estimate for insured losses from April’s Tropical Cyclone Seroja to $394 million while saying it “serves as a warning” for the northwest of WA of the potential for devastation from tropical cyclones...
11 October 2021
The Insurance Council of Australia is reviewing a Federal Court business interruption test case judgment delivered on Friday that went largely in favour of insurers as appeals are considered...
11 October 2021
The Bureau of Meteorology says there is a 65% chance of more tropical cyclones than average this coming storm season, which starts next month and runs until April...
11 October 2021
The Financial Rights Legal Centre has proposed governments and the insurance sector develop automated pre-filling of driving records and claims histories on policy applications to prevent inadvertent disclosure failings...
11 October 2021
A pilot trial to “measure and test” a different approach to deal with dispute cases that appear to lack merit will be made permanent, the Australian Financial Complaints Authority says in its 2020/21 annual review report...
11 October 2021
New Zealand’s Earthquake Commission and building research group BRANZ are funding research assessing the seismic resilience and fire risk performance of prefabricated insulated panels as demand for housing increases...
04 October 2021
Tornadoes, heavy rainfall and hail have marked an active start to the storm season in eastern and southern Australia as insurers continue to push for national arrangements to allow industry personnel to move more quickly across regions...
04 October 2021
Australia should consider simple fixes to building parapets and other parts of structures that can easily fall during an earthquake, a New Zealand academic who drove legislative change in that country says...
04 October 2021
Setting up a national cyclone advisory group to address mitigation and other emergency management issues should be considered, according to a WA-focused four-year research project...
04 October 2021
Catastrophe data company Perils has launched a real-time hailstorm loss forecasting tool for Australia, and says it’s the first time the capability has been available to the insurance industry...
04 October 2021
The Insurance Council of Australia says Assistant Treasurer Michael Sukkar will deliver a keynote address at next week’s Annual Forum...
04 October 2021
Premium funders are finalising the details of their first code of practice, which is set to come into effect next year...
27 September 2021
Insurers have received 4600 claims after the largest earthquake to ever strike Victoria took Australians by surprise last week, the Insurance Council of Australia says...
27 September 2021
The National Insurance Brokers Association has backed the collaborative approach of the Trowbridge report in seeking to find solutions to difficult market conditions...
27 September 2021
Insurers might need to review their risk evaluation and underwriting processes if proposed “right to repair” laws are introduced, Clyde & Co says...
27 September 2021
Intermediaries invoiced about $14.1 billion in general insurance premiums in the six months to June 30, up from almost $12.5 billion a year earlier, the Australian Prudential Regulation Authority says in a regular bi-annual update...
27 September 2021
Zurich-based catastrophe data company Perils has slashed its insured loss estimate for the March NSW and Queensland flooding catastrophe to $751 million, saying initial over-reserving of losses in the wake of the flood event had incorrectly inflated its first two cost estimates...
27 September 2021
The COVID-19 pandemic has elevated mental health issues to a business risk requiring the attention of boards and top executives, Mercer Marsh Benefits says...