09 August 2021
Last month’s fire incident involving a Tesla battery project in Victoria is likely to lead to increased scrutiny by insurers over the way renewable energy storage assets are constructed and managed, according to broker BMS...
09 August 2021
Insurers say they embrace an opportunity to engage with critics of loss recovery processes used during landlord insurance claims...
09 August 2021
The Financial Rights Legal Centre says it has been forced to cut its Insurance Law Service in half and consumers are losing access to Australia’s only free insurance legal advice helpline due to insufficient funding...
02 August 2021
Commercial insurance pricing in the Australia-led Pacific market grew 23.2% in the June quarter, weaker than the 29.4% rise seen in the preceding quarter, according to Marsh’s latest price tracking index...
02 August 2021
The Australian Financial Complaints Authority has spent three months trialling a new procedure of more quickly declining some complaints that lack merit, where it found compelling reasons...
02 August 2021
A music video highlighting the quirks of lockdown life has been viewed thousands of times as many industry employees continue to work from home in Sydney and beyond...
02 August 2021
Professional indemnity claim payments amounted to $1.109 billion in the 2019 underwriting year, up 11.8% from the previous year, according to latest data from the prudential regulator...
02 August 2021
The Australian Financial Complaints Authority says it has appointed David Short as Ombudsman in its Insurance team...
26 July 2021
The Federal Parliament Trade and Investment Growth Committee has called for insurance and banking representatives to appear at a hearing tomorrow as it continues an inquiry into the prudential regulation of investment in Australia’s export industries...
26 July 2021
The Bureau of Meteorology has confirmed that a negative Indian Ocean Dipole (IOD) is underway, increasing the likelihood of above average winter-spring rainfall for much of southern and eastern Australia...
26 July 2021
The Australian Prudential Regulation Authority has released its 2020 financial year general insurance claims data...
26 July 2021
Emergency make-safe works and other critical building repairs are allowed to proceed in the current lockdown in Sydney, the Insurance Council of Australia says...
26 July 2021
Insurance customers in New Zealand’s Canterbury region have so far lodged 3538 claims worth $NZ43.8 million following floods during May 29-June 1, the Insurance Council of New Zealand says...
26 July 2021
Early versions of two articles in last Monday’s insuranceNEWS.com.au bulletin contained inaccuracies...
26 July 2021
A range of support measures such as temporary premium relief plans is in place to support customers through the latest COVID lockdowns, major insurers say...
19 July 2021
Property and casualty premium in Australia is projected to increase 4.7% in real terms this year, as the market bounces back strongly from the 1.4% growth it recorded last year, Swiss Re says...
19 July 2021
Business interruption court decisions in the UK and South Africa related to the COVID-19 pandemic point to uphill battles for Australian insurers in their second test case, legal firm HFW has highlighted...
19 July 2021
Australia’s leaders need to adopt stringent carbon dioxide emission reduction targets as part of its long-term adaptation to longer and more severe bushfire seasons, Zurich says...
19 July 2021
The Insurance Council of New Zealand says the recovery process after severe South Island flooding on the weekend may take some time, as assessors wait for affected areas to become accessible...
19 July 2021
WA Arson Squad detectives have charged a 40-year-old man in relation to bushfires near Perth earlier this year that were declared an insurance catastrophe...