26 October 2020
Vehicle crime is set to worsen because of the economic downturn, setting off a likely rise in insurance fraud, the National Motor Vehicle Theft Reduction Council warned in its Strategic Plan 2020-22...
26 October 2020
Australia’s 2020 winter was the mildest winter in five years, with warm temperatures and low wind, according to the latest Australian Actuaries Climate Index...
26 October 2020
The Insurance Council of Australia is undertaking consultation to understand how a proposal to raise the wall of Sydney’s Warragamba Dam by 14 metres could impact upstream areas and Indigenous heritage sites...
26 October 2020
S&P Global Ratings has warned Australian insurers the price of reinsurance programs is set to increase as climate change fuels an expected rise in the severity of claims from extreme weather-related natural catastrophes...
19 October 2020
A Deloitte Access Economics report on broker value has found that intermediaries provide huge value to clients, insurers and the economy – and clients don’t necessarily pay more for it...
19 October 2020
The current La Nina weather event could match the strength of the last one, which caused devastating flooding in parts of Australia...
19 October 2020
As Australians await promised new government investment in natural disaster resilience, insurers say bushfire mitigation efforts may help them “fine-tune” premiums...
19 October 2020
A $42.5 million commitment by the Queensland Government to build the East Bundaberg Flood Levee will likely reduce local property premiums by 10-27%...
19 October 2020
Sydney-based start-up risk modeller Reask has released a new unified tropical cyclone model which it says is the “next phase” of catastrophe risk assessment and offers insurers natural hazard risk solutions without geographic limitations...
12 October 2020
The Bureau of Meteorology expects an average of 11 tropical cyclones for the upcoming season in Australia, which starts next month and finishes in April...
12 October 2020
Gallagher Bassett says insurance will need to be more flexible, customer-centred and intelligent once the COVID-19 pandemic has passed...
12 October 2020
The October/November edition of Insurance News magazine is on its way to subscribers’ mailboxes this week, with articles that look at the myriad issues being faced by the industry this year...
12 October 2020
The Strata Community Association in Queensland has stepped up its campaign for action on affordability and availability of cover in cyclone-prone areas ahead of the state election at the end of the month...
12 October 2020
Cyber attack is the biggest business risk in Australia, according to an annual World Economic Forum survey of leaders...
12 October 2020
The motor insurance market in the Asia-Pacific is poised to grow to $US257.8 billion by 2023, up $US30.7 billion from last year, supported by new vehicle sales to a rapidly growing middle-class population, GlobalData says...
05 October 2020
The NSW Court of Appeal Full Bench has adjourned to consider its decision following a test case hearing on business interruption policy exclusions that cite repealed legislation...
05 October 2020
General insurance intermediaries placed about $11.5 billion of premium in the June half, according to an update from the Australian Prudential Regulation Authority (APRA)...
05 October 2020
Australia could see increased cyclone activity this season and a greater risk of flooding as a result of a La Nina climate event and influences in the Indian Ocean...
05 October 2020
New Zealand insurers have launched an investigation into a car parts supplier that has been “misrepresenting” car parts to repairers...
05 October 2020
The New Zealand Insurance & Financial Services Ombudsman has received around 230 complaints and inquiries related to COVID-19, including regarding business interruption but says legal action related to the cover is unlikely...