Local
15 June 2020
The number of vehicles stolen this year will likely exceed 60,000 for the first time since the Global Financial Crisis more than a decade ago, the National Motor Vehicle Theft Reduction Council says...
15 June 2020
A class action seeking product liability damages from a cladding maker has scored a "major win" in the Federal Court of Australia, paving the way for the lawsuit to continue, litigation funder Omni Bridgeway says..
15 June 2020
Australia’s largest insurers are joining forces with leading scientists to develop a common standard to be used in climate change risk projections and disclosure, making comparisons easier...
01 June 2020
The General Insurance Code Governance Committee has called on insurers to lift standards and overhaul processes after finding some subscribers have been "adopting a lax attitude" toward identifying breaches...
01 June 2020
The general insurance industry sank into an after-tax net loss of $997 million in the March quarter, as last summer’s horror bushfires and fallout from the virus pandemic combined to devastate earnings, latest figures from the prudential regulator show...
01 June 2020
The COVID-19 pandemic has created a new suite of earnings pressures following significant summer natural catastrophe losses, but Australian and New Zealand-based insurers have been resilient, S&P Global Ratings says in a report...
01 June 2020
SMEs have fared better-than-expected with the business fallout from the pandemic, according to BizCover and Vero...
01 June 2020
More time has been provided for brokers to give feedback on insurance claims teams, which will help decide which organisations are recognised in this year’s Mansfield Awards for Claims Excellence...
01 June 2020
Disputes over pandemic-related claim denials are set to rise in the coming months, the Australian Financial Complaints Authority has warned, revealing at least 1070 general insurance cases linked to the global health crisis have been lodged...
01 June 2020
Cyber thieves are using new variants of ransomware to extort money from victims, exploiting the security loopholes created by the COVID-19 lockdown, according to Emergence...
01 June 2020
Federal Government changes to listed company continuous disclosure rules and increased regulation of litigation funders are a positive for the directors’ and officers’ insurance market, Aon Australia says...
01 June 2020
The Insurance Council of Australia says almost half the claims from summer bushfire, hail and storm catastrophes have been closed, as estimated losses from the events continue to rise...
01 June 2020
New Zealand’s extreme weather insured losses reached $NZ167.6 million last year, with the bulk of payouts stemming from a hailstorm which lasted just minutes but was the costliest weather event in 15 years...
25 May 2020
The COVID-19 outbreak is likely to create significant change, including the birth of "insurance by subscription", Finity Consultants Director Graeme Adams says...
25 May 2020
Swiss Re is actively engaged in discussing possible joint public-private arrangements for covering business interruption risks, the group’s Chief Economist Jerome Haegeli says...
25 May 2020
More than half of insurance and financial firms polled in a national SME outlook survey say the coronavirus outbreak has affected their businesses, and 42% are worried about the next 12 months...
25 May 2020
Incoming Insurance Council of Australia CEO Andrew Hall puts climate change high on his list of priorities, while the man he’s replacing admits he wishes he could have done more...
25 May 2020
New Zealand’s Earthquake Commission said today about 60 claims have been lodged by homeowners hours after a 5.8-magnitude quake struck near the town of Levin, 50km north of Wellington...
25 May 2020
A "Medicare-style" system to price risk in bushfire-prone areas is not the answer to the premium affordability problem facing property owners, according to the Insurance Council of Australia...
25 May 2020
Insurance claims are being lodged in WA today as the remains of an unusual out-of-season cyclone continue to bring strong winds and rain to the state...