14 December 2020
Marsh says there is a chance of new directors’ and officers’ insurance providers entering the market now that the premium pool “appears sustainable” after rate increases of over 100% in 2018 and last year...
14 December 2020
Alpine resort operators say insurers have “over-reacted” to the growing bushfire threat, making insurance cover unaffordable or unavailable...
14 December 2020
The Insurance Brokers Code Compliance Committee has expressed concerns over the independence of brokers who sell add-on products to clients on behalf of insurers...
14 December 2020
The general insurance industry is likely to see an increase in merger and acquisition activities in the next 24 months, according to a new report from KPMG...
14 December 2020
Motor vehicle theft fell 7% across Australia to the lowest level since 2015 in the year to September, as borders were closed and movement was restricted due to COVID-linked lockdowns...
14 December 2020
Businesses can expect cyber insurance to become more costly as insurers respond to “unsustainable losses” and regulators seek to hold companies accountable for breaches, according to Axa XL...
07 December 2020
Australia has been urged to invest more in flood mitigation after a new report found funding is “grossly disproportionate” towards recovery and reconstruction programs...
07 December 2020
The active La Nina weather pattern could last until autumn, but insurers will be able to deal with any influx in claims, analysts say...
07 December 2020
Businesses need to step up their focus on resilience and mitigation as prices continue to rise and terms tighten, specialist insurer FM Global says...
07 December 2020
A Federal Court decision on a Vero business interruption exclusion dispute brought by a Melbourne cafe and restaurant could be delivered this month or early next year...
07 December 2020
More than 440,000 customers have been notified by the Federal Court they may be eligible to join a consumer credit insurance class action against ANZ in which QBE is named as one of the respondents...
07 December 2020
Like a catastrophic love affair, 2020 altered our lives and try as hard as we might not to look back on it, we won’t be able to help ourselves...
07 December 2020
Insurers will have to wait a little longer to read the Australian Competition and Consumer Commission’s final report on insurance in northern Australia...
07 December 2020
Climate change activists have pressed insurers to cease underwriting oil and gas businesses, saying fossil fuels combined account for 55% of global carbon emissions...
30 November 2020
Bushfires and other costly natural disasters from last summer plus the fallout from COVID-19 on financial markets have significantly affected general insurance earnings, the Australian Prudential Regulation Authority says...
30 November 2020
The Actuaries Institute says “temporary and targeted government intervention” is needed to help manage the issue of insurance affordability, with households in up to 12% of Australian postcode areas facing pressure in meeting annual premiums...
30 November 2020
Several key executives will leave the Insurance Council of Australia, following a strategic review...
30 November 2020
Clarity over business interruption claim impacts as a result of the COVID-19 pandemic is likely to be “some time off” as legal battles continue over wordings and other considerations, AM Best says...
30 November 2020
Several bushfires have broken out in parts of NSW, prompting the Rural Fire Service to issue advice alerts in a number of areas, including two that are burning west of Sydney today...
30 November 2020
Detailed discussion of the NSW Court of Appeal ruling on the COVID-19 business interruption test case is featured in the first edition of INsight, the new Insurance News podcast...