Code committee names new consumer rep
10 February 2025
The General Insurance Code Governance Committee has appointed Julia Davis as its new consumer representative...
Local
ICA labels north Queensland floods ‘significant’
03 February 2025
The Insurance Council of Australia has declared a significant event for north Queensland areas hit by torrential rain and flooding, with Townsville and Ingham hardest hit...
Code committee defends anonymity for breach insurer
03 February 2025
The insurer has paid $1.2 million in compensation, has completed repairs and claims settling, and has conducted a “comprehensive review” to address systemic claims handling process issues...
‘Multiple’ shots fired at CBN rep’s office
03 February 2025
Gunshots were fired early today at the Sydney office of a Community Broker Network authorised representative, the Steadfast-owned broking group says...
Climate change a threat to education, lifetime earnings
03 February 2025
Australian schools’ resilience to natural hazards should be improved to counter “significant impacts” from climate change on education, future employment and wage outcomes, a Zurich-led report says...
New Actuaries Institute president hails ‘trusted advisers’
03 February 2025
Insurance uses the “power of community” to support people when they are vulnerable and restore losses, Win-Li Toh has told the Actuaries Institute in her first speech as its president...
Canaries inspire NZ volcano research
03 February 2025
A New Zealand volcano expert says a research trip to La Palma in the Canary Islands has produced important lessons about potential eruptions near Auckland...
Appeal planned against BI declassing
16 December 2024
Law firm Gordon Legal says it will appeal against a Federal Court decision that means participants in planned class actions will instead have to pursue their cases individually...
Suncorp adds to calls for nature-based mitigation
16 December 2024
Suncorp and Natural Hazards Research Australia say there is “growing urgency” to incorporate nature-positive solutions such as floodplain restoration and reef protection into disaster mitigation efforts...
Bureau ditches El Nino, La Nina watches and alerts
16 December 2024
The Bureau of Meteorology will no longer issue fortnightly updates including La Nina and El Nino watches and alerts, or publish a dial showing swings between the climate drivers, as historical experience becomes a less reliable future indicator...
Sure flags underinsurance fears for cyclone-prone regions
16 December 2024
Queensland underwriting agency Sure has warned of underinsurance in cyclone-prone areas after comparing levels of cover in different parts of the state...
NZ household premiums rise as reinsurance costs keep up pressure
16 December 2024
New Zealand personal lines premiums gained 20% over the past year, fuelling calls from consumer advocates for more transparency on how prices are calculated, the NZ edition of Taylor Fry’s annual Radar report says...
Householders line maintains recovery in ‘best September quarter’
09 December 2024
The industry booked an insurance service profit of $2.21 billion and after-tax profit of $2.08 billion in the September quarter, up from $2.18 billion and $1.54 billion in the preceding quarter, prudential data shows...
Economic fears front of mind for business chiefs
09 December 2024
Australian business leaders say economic downturn, inflation and shortages in energy, food and labour are their greatest fears over the next two years, according to a World Economic Forum survey...
Fitch flags more premium rises in ‘neutral’ outlook
09 December 2024
Australian insurers’ gross written premium is expected to grow by “mid to high single digits” as companies raise rates to cover increased claims and natural hazard allowances, Fitch Ratings says...
In Insurance News magazine this month
09 December 2024
Ongoing scrutiny around strata insurance makes the cover of the latest Insurance News magazine, as our detailed report explains how we got here, and what might still be around the corner...
Call for united front against ‘cascading impacts’ of climate crisis
02 December 2024
A worsening insurance affordability crisis requires a “multifaceted approach”, the chair of a Senate committee inquiry says...
Increased fire danger as dry spring leaves south ‘well primed’
02 December 2024
Large parts of the country face increased fire risk this summer, the Australasian Fire and Emergency Service Authorities Council says...
Above average rainfall, warm summer expected
02 December 2024
Australia is expected to receive above average rainfall this month before a return to typical January conditions, the Bureau of Meteorology says in a summer climate outlook...
NZ experts produce landslide guide as danger grows
02 December 2024
New Zealand’s Natural Hazards Commission says new slope stability guidelines will help identify and assess landslide risks, which have grown in recent years...