24 February 2020
The Insurance Council of Australia is preparing to publish 15 proposals quantifying for the first time just how much insurance premiums could decline under recommended measures to counter risks from cyclone, flood and bushfire...
24 February 2020
Widespread misconduct in financial services uncovered by the Hayne royal commission means a broader range of stakeholders than ever before will carefully examine organisations and judge whether risk frameworks are adequate...
24 February 2020
Tropical Cyclone Esther is set to bring heavy rain to remote NT and Queensland communities after crossing the coastline in the Gulf of Carpentaria earlier today...
24 February 2020
Exclusions and policy trigger rules are expected to curb potential insurance losses from business interruption claims related to the coronavirus epidemic...
24 February 2020
Swiss Re International has won a court case over establishing insurance cover was not in place when a large industrial fire broke out in western Melbourne in 2018...
24 February 2020
A New Zealand court has confirmed a claimant can only make one claim for the maximum sum insured in a policy, rejecting a bid to have Tower Insurance pay for property damage caused by three separate quakes...
24 February 2020
The Australian Financial Complaints Authority will host eight member forums across five capital cities this year, giving the financial services sector an opportunity to hear from its decision makers...
24 February 2020
Earthquake Commission Deputy CEO Readiness & Recovery Renée Walker has resigned and will depart in May after a three-month transition period...
24 February 2020
Suncorp Insurance CEO Gary Dransfield has called on people across the industry to push for more rapid change to end the gender imbalance...
17 February 2020
Marsh has warned that companies in Australia face the prospect of having to operate without directors’ and officers’ cover as steep rate rises of up to 250% threaten the viability of the market...
17 February 2020
Insured losses from this season’s bushfire catastrophes are continuing to climb while cooler weather and rain has suppressed fires burning in East Gippsland and NSW...
17 February 2020
The rising number of claims in cyber insurance, with some severe losses reported, are continuing to put upward pressure on cyber rates, according to Axa XL...
17 February 2020
Commercial premium increases in the Pacific region, where Australia is the largest market, rose by more than a fifth last quarter to once again outperform global peers...
17 February 2020
A significant hardening of Australia’s insurance market threatens the viability of existing and proposed renewable energy projects, global broker Willis Towers Watson says...
17 February 2020
Governance is an issue growing in importance for insurance companies in the Asia-Pacific region and outweighs environmental risk, a new report from S&P says...
10 February 2020
Losses from a weekend of flooding and wild east coast weather have already reached $45 million, the Insurance Council of Australia said today as it declared its sixth catastrophe in five months...
10 February 2020
Bushfires and hailstorms during summer are set to have a significant impact on the profitability of domestic and commercial property classes this year, JP Morgan and Taylor Fry say...
10 February 2020
Spring was Australia’s seventh consecutive season of extreme dryness and laid the foundation for this summer’s tragic bushfire crisis, the latest Australian Actuaries Climate Index reveals...
10 February 2020
Insurers have strongly rejected accusations from Choice that the industry uses “loose and complicated” wordings to define fire cover in home policies...
10 February 2020
Suncorp must pay a motor insurance customer $11,100 after the insurer was found liable for the cost of a burned Toyota RAV4 that was comprehensively insured...